There’s no shortage of businesses worldwide that are struggling to survive the coronavirus pandemic. But insurance organizations and vendors that fostered a digital-first business model before this year’s public health and economic crisis may now find themselves in a position for growth. Such are the aspirations at Aclaimant, the Chicago-based makers of an insight-driven workflow solution for safety and risk management that recently secured a fresh round of investor funding to scale up its business. Here, Aclaimant CEO and Co-Founder David Wald talks about how his company plans to engage insurance brokers, who are now under increased pressure to provide clients with innovative risk-mitigation data insights that ultimately drive down insurance costs.

Businesses planning for COVID-19-related reopenings must deal with numerous employee and workplace risk factors, as well as regulatory guidance that seems to evolve on a weekly, if not daily, basis. The stakes are higher than ever, and employers have no choice but to get it right the first time. Here are some ways to identify and protect the at-risk worker, as well as the general public and your own organization, while staying within legal and regulatory guidelines.

A Chicago startup making a platform for employers to report workplace injuries has raised a new round of funding to bring its software to more industries. Aclaimant, founded in 2013, announced Monday that it raised $10 million in a Series A round led by Mercury Fund. Other investors include Royal Street Ventures, EBSCO Capital, KEC Ventures, RRE Ventures and Aspen Capital Group. The financing brings Aclaimant’s total funding to nearly $13 million.

Aclaimant announced on Monday it raised $10 million in Series A funds. The Chicago insurance tech startup plans to invest the cash in developing new features, and growing its customer base. Ultimately, CEO David Wald said Aclaimant aims to digitize companies’ entire risk management processes.

CHICAGO, June 29, 2020 - Aclaimant, an insight-driven workflow platform for safety and risk management, today announced it has raised $10 million in Series A funding led by Mercury Fund. This brings the company's total funds raised to nearly $13 million, with a seed round of $2.9 million secured in 2017. Additional investors for the Series A financing include Royal Street Ventures, EBSCO Capital, KEC Ventures, RRE Ventures, and Aspen Capital Group.

As businesses reopen, employers need a roadmap on how to handle worker and customer safety as well as direction on the steps to take when an employee tests positive for COVID-19. Many employers are turning to the Occupational Safety and Health Administration (OSHA) for assistance on how to deal with cases of the coronavirus in the workplace, but the administration’s latest guidelines place full responsibility on the employer. OSHA has instructed employers to manage their own questioning of employees on how they contracted the virus and what types of activities they were engaged in both in and out of work. For many employers, accuracy and efficiency in reporting seem next to impossible. PropertyCasualty360 asked Gary Pearce, chief risk architect at Aclaimant and member of our 2020 Editorial Advisory Board, to provide insights on employers can navigate OSHA’s guidelines, including best practices when keeping track of workers who test positive with the virus.

CHICAGO—Aclaimant has launched a COVID-19 Response Module. The new module brings together the company’s technology and mission to ensure a safe workplace with a platform designed to give organizations tools to document and respond to COVID-19-related workplace incidents and provide best practices for prevention. Access to Aclaimant’s basic module is offered for free through March 31, 2021, to any U.S.-based organization that signs up by June 15, 2020.

Without a doubt, the COVID-19 pandemic has changed the world. It is the largest global disruption of business since the Second World War, with several industries, such as live entertainment and events, having all but evaporated in a matter of weeks. As governments around the world begin easing restrictions, it is imperative that businesses and their risk managers be able to figure out how to restart operations under a ‘new normal’, as well as maintain practices picked up during quarantine, such as expanded remote work.