Rest easy…your fintech insurance answers live here It is not a secret that the fintech industry has experienced significant growth over the course of the last 5 years. $9.4 billion dollars was invested in fintech companies in Q2 of 2016 alone. Whether it is the sheer size of investments, growth in revenues, or other KPI’s, … Read More
Getting basic business insurance is obvious. Getting umbrella or excess insurance is not. So you’ve done the right thing by getting your company an insurance policy. You feel comfortable with the plan you purchased; limits, pricing and terms are all on point and you think everything is squared away, but for some reason, you have a … Read More
Choosing commercial insurance can be daunting. You want your company to be properly protected, but you don’t want to break the bank. Luckily, that’s why business insurance package policies exist! Insurance carriers often pair multiple coverage types together, keeping the cost lower than purchasing them separately, but still giving your company the protection that it … Read More
How Lumosity got in trouble Lumosity, the San Francisco-based company offering brain-training tools, came under fire from the FTC this week for the deceptive advertising allegations. Director of the FTC’s Bureau of Consumer Protection Jessica Rich said the following: “Lumosity preyed on consumers’ fears about age-related cognitive decline, suggesting their games could stave off memory … Read More
A tail insurance policy is one of the most important risk mitigation tools for a startup approaching an exit. The mission for every founder is pretty much the same: get some traction, get funded, scale rapidly, and hit an exit opportunity. While the occasional unicorn might be fortunate enough to IPO, most startups go the … Read More
In our previous piece on Venture Capital Insurance, lawsuits from your employees and Employment Practices Liability Insurance (EPLI) took the spotlight. This article focuses on the risks posed by portfolio companies. For more info on how to protect your VC, take a look at our intro post, as well as our summaries of SEC investigations and lawsuits from … Read More
Insurance should be seen as more of an investment than a cost, but given the busy and chaotic lives of Founders, it sometimes becomes a check-the-box activity. When utilized properly, companies can get value from their policies well beyond that generated by a “set it and forget it” approach. Here are a few tips to optimize your insurance … Read More
This is the third installment in Founder Shield’s VC-Focused series and explains venture capital insurance claims VCs might face from their investors. If you’d like to learn more about the basics of what these insurance policies do and don’t cover, check out our intro post as well as our post about regulatory investigations.
In our first post on venture capital insurance, we took a high level view of four scenarios where this management liability, professional liability, and employment practices liability insurance policy could protect you, your firm, and your investors. We also spoke about the potential costs of having — as well as not having — this … Read More
This is the first of a series of articles we will be posting about the world of venture capital insurance.