“As a Certified B-Corp and Public Benefit Corporation, social good is baked into the core of our Lemonade business model.
When you get a Lemonade renters or homeowners insurance policy, Lemonade takes a flat fee, and you choose a cause to support with your leftover premium. Once a year, Lemonade calculates the unclaimed premium and gives it back to the charities its community members chose. This is called the Lemonade Giveback.
We want to make it easy for people to do good, so we make Giveback baked into our profit model. Growing more than 1,000% since the first Giveback, Lemonade’s 2019 Giveback raised over $630,000 from Lemonade policyholders – which shows that as Lemonade grows, so does the potential of social impact!”