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Cyber Liability Insurance is one of the biggest issues we deal with at Founder Shield. The vast majority of our clients are either straight tech startups or they’re leveraging technology to make their product or service scale. I think we can all agree that it’s probably impossible to run a startup these days without a
The Space The Enterprise/SaaS space is hot spot for startups. In 2017, SaaS companies captured 69% of a 63.2 billion dollar public cloud services market. We work with several companies building enterprise/SaaS solutions, ranging from data collection to “consultative sales” to outpatient management and all done in the cloud.
The New CA Breach Notification Law If you’re a tech startup, your duties to protect your users’ personal information just got a bit more onerous. Last Friday (Sept 27th), Governor Jerry Brown signed a bill into law that expands the security/data breach notification requirements beyond their current spectrum.
The Space There’s a new breed of technology-enabled B2C services startups and we deal with a ton of them at Founder Shield. Think Uber, GetMaid, Makespace…all of these companies use custom platforms to access traditional service providers in very non-traditional ways. This creates exposure to a wide variety of liability. Here’s a quick look:
Cyber liability is a huge area of exposure for most startups. Even if you’re not a “tech” startup per se, most tech companies today tend to leverage 3rd party tech products in ways that can leave them exposed.
Cause It has now been several months since NSA contractor Edward Snowden first leaked information about the organization’s activities.
Admittedly this probably can’t be considered a “current” event, but we stumbled across this article somewhere on the interwebs and it’s an important story to tell (particularly on an insurance blog). Big lessons can be learned by this one. Here’s the gist:
So apparently everyone’s is getting hacked right now. If stories keep popping up this often, maybe its time to just start doing a weekly data breach post. Also, this much activity is totally justifying why we harp on the importance of Cyber Liability coverage. Just sayin’. Anyway, here’s what happened in the last week or
What is it? At a very high level, business interruption insurance (“BII”) protects the insured when business operations are interrupted (no, really?!). Typically this coverage is paired with others, including General Liability and Cyber Liability.
Almost every client we work with stores or uses some sort of Personal Identifiable Information (“PII”). This probably reflects our apparent desire to have seamless/uber equivalents for literally every possible purchase of goods and services. In any case, there’s a lot of personal data floating around the interwebs these days. That should make security
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