The Rundown
Centinel unveiled PowerProtect, a coverage system designed to deliver instant payouts during qualifying power outages — no claims process needed.
The Context
- Targeting small and medium-sized businesses, PowerProtect fills the gaps left by traditional insurance.
- The system uses real-time outage data to trigger automatic payments for hospitality, manufacturing, and healthcare industries.
- Independent agents can partner via a turnkey model — no need to manage claims.
Why it Matters
Small and medium-sized businesses rarely have the cash reserves or insurance coverage to bounce back from outages. Centinel’s real-time solution offers fast financial relief, helping them survive the next storm—literal or otherwise. With plans to expand into other utility disruptions and risk events, it’s a signal of where insurance innovation is headed.
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