
Butfor provides a software tool designed to automate the process of filing business interruption insurance claims. It leverages advanced algorithms and machine learning technology to efficiently calculate losses and generate comprehensive reports within minutes. The company aims to eliminate the need for manual calculations using Excel spreadsheets or expensive consultants, offering claim preparation coverage at a lower cost than traditional insurance companies. Butfor's solution is unique in that it provides this coverage outside of standard insurance policies, which is often not available to companies when shopping for insurance. They cater to various organizational sizes, from boutique businesses to enterprise-level corporations, with different pricing tiers based on annual revenue.

Butfor provides a software tool designed to automate the process of filing business interruption insurance claims. It leverages advanced algorithms and machine learning technology to efficiently calculate losses and generate comprehensive reports within minutes. The company aims to eliminate the need for manual calculations using Excel spreadsheets or expensive consultants, offering claim preparation coverage at a lower cost than traditional insurance companies. Butfor's solution is unique in that it provides this coverage outside of standard insurance policies, which is often not available to companies when shopping for insurance. They cater to various organizational sizes, from boutique businesses to enterprise-level corporations, with different pricing tiers based on annual revenue.
Product: SaaS that automates business interruption insurance claim preparation using algorithms and machine learning
Founded: January 2023
Founders: James Paskell; Kim Klafczynski
Funding: Angel Round announced 2023-01-01; total funding recorded as 0.00 USD
Business interruption (BI) insurance claim automation
2023
InsurTech
0.00 USD
Investor names not disclosed in accessible profile.