Harper

Harper is a commercial insurance brokerage that sells business insurance to small and mid-sized companies in the United States. Clients speak with a single specialist who gathers details about the business; Harper then approaches the carriers that write that class of risk, including markets it says most agents cannot access directly, and returns the resulting options with plain-language explanations before binding the chosen policy.

The company's product range covers general liability, professional liability, garage liability, commercial auto, commercial property, cyber, umbrella, and surety and license bonds. Harper markets vertical expertise across construction and contracting, restaurants and food service, auto sales and dealerships, garage and auto services, childcare, adult and senior care, manufacturing, hospitality and venues, security guard operations, and transportation and logistics, including coverages tied to state licensing requirements and contract certificate obligations.

Harper states that it has served more than 6,000 businesses, that 98.78% of customers renew, and that it has studied over one million quotes and policies and held more than 100,000 conversations with owners. It publicizes a $47 million raise to build what it describes as the future of commercial insurance.

Business model

Harper acts as an insurance broker, intermediating between commercial clients and insurance carriers: it intakes the client's risk profile, markets the account to insurers able to write it, presents quotes, and handles placement and servicing end to end.

Operates as an insurance brokerage placing policies with third-party carriers on behalf of commercial clients.

Traction

Harper reports more than 6,000 businesses as customers and a 98.78% customer renewal rate.

Latest developments

Harper announced that it has raised $47 million to expand its commercial insurance business.