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.
It would be extremely surprising if you didn’t have some questions when looking at your first business insurance quotes. They’re extremely detailed and certainly not the easiest document to digest. Here’s a quick overview of the major items you should be looking at on your quote. [Note: this article is mainly pertaining to errors … Read More
Founder Shield 101: Insurance for Fintech Companies. From financial products to payments to investing, fintech is a red hot. The market is forecasted to grow to $6-8 billion by 2018 and Q1 2014 alone saw 1.7 billion invested across 167 deals. Risks As with any disruptive industry, there are several inherent risks that fintech … Read More
Consumer Ecommerce is booming. With the vast array of website builders, digital payment processors, and even digital currencies, it has never been easier to get a web based store off the ground. In fact, the US market alone is estimated at $262 billion for 2014 and is expected to grow to as much as $432 … Read More
Subtle Value-adds: Business Insurance It’s easy to think insurance is surplus when the company is just getting off the ground. In the grand scheme of to-dos, insurance should probably fall by the wayside to goals like acquiring users, making money, building a minimum viable product, or finding investors. Most founders think of buying insurance as … Read More
Buying startup company insurance can be a daunting task. The insurance market is fragmented and there are no shortage of products out there. The industry is not exactly the tech savvy either and many brokers still employ items as archaic as fax machines in their practices. Just finding where to start can be a hassle! … Read More