InsureTEK, Inc.

Team of experienced insurance, technology, and real estate professionals to address the largest insurance/risk issue in the commercial property business: water damage and waste.
Nashville

About InsureTEK, Inc.

InsureTEK was founded in late 2020 by a team of experienced insurance, technology, and real estate professionals to address the largest insurance/risk issue in the commercial property business: water damage and waste.

Tagged with

Team

Problem statement

Water damage is the leading cause of insurance claims and losses in commercial buildings, by far. Water usage, and the carbon footprint of water, is a topic that is increasingly front and center. Insurers have responding to large water damage problem by shifting the risk to the customer/building owner/operator via higher deductibles. InsureTEK was founded to address this.

Traction information

At InsureTEK we’ve taken a systems level approach to addressing water in buildings, via an offering we call Loss Control as a Service (LCaaS). Our LCaaS platform Yogi comprises off-the-shelf sensors monitored/controlled by an AI enhanced software platform. Our offering is “capex lite” with no upfront cost, simply a monthly ongoing fee with a quick payback period for the customer. Over time the value of the data collected with create additional revenue opportunities, as InsureTEK can offer captive insurance, later other data/insight related services.
To complement our LCaaS offering we partner with industry leaders to enhance/ease the customer experience in engineering, procurement, installation, finance, performance warranty, monitoring, remediation. A truly full-service offering.

Updates

Profile created.
Added 5 months ago

Funding

Currently raising capital

$1,200,000
committed
$5,000,000
goal
Total raised to date:$4,000,000
Pitch is a Capital Factory product. © Capital Factory 2024. Privacy policy.