Now Insurance Services, Inc.

Now Insurance Services, Inc. is a specialized provider of professional and general liability insurance for healthcare professionals and businesses, focusing on simplifying insurance access and enhancing customer experience. Now Insurance Services, Inc. was founded in 2019 and is headquartered in Houston, US.

The company offers tailored liability insurance solutions for the healthcare sector. The CEO, Philip Cabaud, drives its vision, leveraging previous entrepreneurial experience. The firm has raised a total of USD 1. 25 mn through 3 deals, with the most recent being a Seed round on August 22, 2023, led by The MFO Group.

NOW Insurance specializes in providing comprehensive professional and general liability insurance tailored for individuals and businesses within the healthcare sector. Their core offerings include professional liability insurance, which safeguards against claims of negligence, errors, and financial or physical damage, as well as general liability insurance that protects businesses from third-party property damage, bodily injury, and other related risks. The company aims to simplify the insurance acquisition process, allowing healthcare professionals such as nurses, nurse practitioners, pharmacists, and home healthcare agencies to obtain coverage efficiently. NOW Insurance operates in various geographical markets, focusing primarily on the United States, where it serves a diverse client base that includes allied health professionals, staffing agencies, and healthcare institutions.

NOW Insurance generates revenue through a direct-to-consumer business model, offering its insurance products primarily online. Customers can obtain quotes and purchase policies quickly, typically within a few minutes, creating a streamlined transaction process that enhances customer satisfaction. The company’s pricing structure allows flexibility, accommodating the unique needs of its clientele without a one-size-fits-all approach to coverage plans. Revenue is derived from the premiums paid for various liability policies, including flagship products designed for healthcare professionals.

The firm emphasizes competitive pricing and comprehensive coverage options, ensuring that clients receive tailored solutions that address their specific risks and needs. In August 2023, Now Insurance Services, Inc. secured new venture funding from Arch Capital Group Ltd. , which will be utilized to launch new medical malpractice products, expand distribution networks, and scale its platform.

The firm is focused on enhancing its offerings to better serve its healthcare clientele and is exploring opportunities to penetrate additional markets in the coming years.