New York based On-Demand insurance startup Slice Labs has raised $3.9m in Series Seed funding. Slice Labs is an insurtech startup providing on-demand insurance to the on-demand economy. Think Uber, Lyft, Airbnb, Homeaway, Instacart, Taskrabbit Thumbtack, etc. We provide insurance that is purchased only when they need it, in line with how they earn their income and with the same ease.
The on-demand industry is booming as employers are using a distributed workforce that they do not have to provide traditional benefits for. These workers then are responsible for their own insurance needs. It was only a matter of time before a company started providing on demand insurance to on demand workers. The name of that company is Slice Labs. Already helping companies such as Uber and AirBnB, the insuretech startup is poisted for significant growth and eliminating the need for inefficient insurance policies. AlleyWatch spoke with founder and CEO Tim Attia about the company and the company’s newest round of funding.