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.
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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.
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Jumpstart has consistently received positive customer feedback since our launch in 2018. We also welcome opportunities to work with distribution partners.
Jumpstart is a Benefit Corporation with the mission to build financial resilience. Our specific social impact goal is to multiply the amount of economic stimulus flowing into a region – 10x more money – after a big disaster.
Continue reading “Jumpstart: A Benefit Corporation with a Mission to Build Resilience”