What is NBIS?
NBIS operates as a program administrator and Managing General Underwriter (MGU), delivering specialized risk-management-focused insurance solutions. The company primarily serves the crane and rigging, concrete pump, equipment dealer, and specialized transport industries across North America. Headquartered in Atlanta, Georgia, NBIS has carved a niche by providing tailored insurance products designed to mitigate complex risks inherent in these demanding sectors.
How much funding has NBIS raised?
NBIS has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in NBIS
PPP
Public-Private Partnership
What's next for NBIS?
The substantial enterprise-level funding and recent strategic investment signal NBIS's robust market position and its capacity for accelerated expansion. This capital infusion is likely to fuel further development of innovative risk-management tools, enhance operational capabilities, and potentially broaden its service offerings or geographic reach. The company's focus on specialized industries suggests a strategy aimed at deepening its expertise and market share within its core verticals, reinforcing its role as a key player in specialized commercial insurance.
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