Jumpstart is thrilled to announce an agreement with Acrisure, the insurance industry’s fastest-growing broker, to distribute Jumpstart’s parametric earthquake insurance through its global network of Agency Partners.
The current coronavirus outbreak is helping us learn and practice what it takes to be resourceful. As a result, we will be better equipped to face the next earthquake or other natural disaster.
This post explains why Jumpstart exists and the change we’re trying to create in the world.
Natural disasters are devastating – not just in terms of damage, but financially, too. Jumpstart provides individuals and businesses a financial jump-start after the shock of a natural disaster.
Jumpstart is a new approach to earthquake insurance for small businesses in California. We pay our customers a lump-sum immediately after a large earthquake, and the money can be used as-needed for recovery, whether or not there is physical damage. Your business can be more financially prepared for an earthquake with a Jumpstart policy.
Don’t be a statistic! 40% of businesses do not reopen after a natural disaster and another 25% fail within one year, according to the Federal Emergency Management Agency (FEMA). And yet small businesses employ 50% of Americans – they’re the lifeblood and backbone of our communities.
Jumpstart is unique type of earthquake insurance in California. We pay our customers a lump-sum immediately after a large earthquake, to be used as-needed for recovery, whether or not there is physical damage. Your nonprofit can be more financially prepared for an earthquake with a Jumpstart policy – purchased or donated.
Some individuals buy a Jumpstart policy as a donation to a school PTA or other nonprofit organization. This means the organization will receive $10,000 immediately after an earthquake. Many schools or nonprofits may be in the unique position of offering post-disaster aid or assistance. With an extra $10,000 available, there will be less need for the organization to dip into its operating budget.