Insurtech firm Jove has introduced a pan-European business liability insurance product tailored to small businesses across Europe.
The new offering aims to provide insurance solutions for businesses with fewer than 20 employees, spanning sectors such as creative industries, media, engineering and consultancy.
The product is available in 30 EU countries and includes global client coverage, encompassing the US and Canada. It eliminates traditional geographic and travel restrictions often associated with similar policies. It operates on a monthly subscription model, enabling small businesses to access affordable coverage without long-term commitments. The plan also includes international client portfolio coverage, offering protection for businesses working across borders.
Within three months, Jove plans to introduce a pausing capability, allowing businesses to reduce costs during periods of inactivity.
Jove has also unveiled a broker portal designed to simplify and expedite the policy issuance process. The platform enables brokers to issue policies instantly, reducing the weeks-long processing times typical in the industry.
The launch follows Jove’s £3.6 million seed funding round announced last year, led by Explorer Investments and supported by UK and European venture capital firms. The funding has allowed Jove to accelerate product development and expand its offerings.
“Our pan-European business liability insurance and broker portal redefine accessibility, making it easier for businesses to operate globally and for brokers to serve clients efficiently,” said Amanda Cai, chief executive officer of Jove.
“This product launch positions Jove as a challenger in the European insurance sector,” she added.
The company views the new insurance product and broker portal as a response to industry gaps, addressing challenges such as processing delays and limited coverage, while supporting the needs of small businesses operating in a global marketplace.