Fabric was founded in 2015 by current CEO Adam Eriebacher and Steven Surgnier. The company was designed to allow individuals to apply for insurance policies digitally, without the need to travel or the use of an insurance agent. Applicants can simply fill out an application—a process that, according to Fabric, takes around 10 minutes. All policies are fulfilled by Vantis Life Insurance, which is an A.M. Best A+ rated company with a long and successful history. Fabric’s corporate headquarters is located in Brooklyn, New York.
Fabric offers tiered life insurance products known as Fabric Premium, Fabric Will, and Fabric Vault. Each tier provides a term-life insurance policy and an array of features, such as coverage in case of accidental death. Prospective employees will find opportunities in business insights, analytics, and software engineering. The company offers many perks, including free lunch on Fridays and Flex Wednesdays (allowing associates to work remotely). Fabric also allows pets on site.
Fabric presents itself as a life insurance company for young families. Its easy-to-use interface is available for use 24/7 and is at a relatively low cost for new parents. The company’s blog is an excellent resource for those looking to educate themselves on the subject of life insurance, and also provides insight into some of the company’s values. For example, the blog features a piece that deals with how to apply for life insurance if an individual is transgender or identifies as non-binary.
20 Jay St.
Brooklyn, NY 11201
Phone: (917) 765-3572
CEO: Adam Erlebacher