Verifly is a mobile on-demand insurance platform. The company enables small businesses to “tap a button, get insurance.” They do this by marrying proprietary technology with specialized episodic insurance products. Policies and ratings are built from scratch and approved by regulators to support an on-demand, pay-as-you-go experience when buying anytime from an hour to months of cover. Verifly, based in NYC, was founded by Jay Bregman, founder of Hailo, in which Sir Richard Branson was an investor (and sold to Daimler Mercedes-Benz) and Eugene Hertz, founder of Quidsi (sold to Amazon for $545mm). Verifly’s first product was an episodic aviation liability policy for commercial drone operator small businesses. Policies are purchased geographically and the rating system dynamically adjusts the hourly premium based on local conditions and risks (e.g. airports). The system is the market leader in drone insurance with over $10B in risk covered in less than a year and over 12,000 policies sold. Verifly policies are designed to be distributed through software. They have an app to purchase and manage policies (issue certificates, add additional insureds, etc) as well as an API which enables integration into partner platforms. They cater to the mobile-first customer who is running their business largely on their phone. The policies give customers choice – to purchase as little as an hour or as long as twelve months – with everything in between.