Koop adds new coverages

Koop Insurance, the New York-based startup which originally launched to provide insurance for emerging risks such as autonomous cars and robotics, is now offering coverage for a variety of risks and industries.

The startup, which received a strategic investment from Hyundai Motor Company and Kia Corporation last year, went from being “an insurance technology company for autonomous vehicles, robotics, and automation risks” to automating “Enterprise Risk Management (ERM) for technology companies to make insurance preventive and save customers over 30% on coverage.”

Some of the new coverages Koop now offers include general liability, cyber, tech E&O, commercial auto, and inland marine.

The startup recently released an enterprise risk management tool that can save tech companies “tens of thousands of dollars on insurance and compliance.”