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
Insurance for Internet of Things Companies — what you need to know The Internet of Things space is exploding right now and shows no signs of slowing down. In fact, some sources estimate that there will be 200 billion connected devices on the planet by 2020. The current global market size is estimated at $4.9 … Read More
D&O Insurance is one of the most important types of insurance for startups. You’ll undoubtedly see it on the term sheet of the vast majority of institutional investors because it’s a big risk exposure for both you (the founder) personally and your investors.
We can’t resist talking about this Target Data breach incident. It has become a major talking point in tech community and the news that keeps surfacing makes for a great little case study. So in the latest bit of news to surface:
One of the major products we provide for our clients is Directors and Officers Insurance. Admittedly 90% of our D&O clients sought us out because their investors required them to get coverage. Don’t be mistaken, though…startups need D&O insurance regardless of the investor situation.
While this list is definitely not exhaustive, I wanted to briefly shed some light on a couple of the reasons why startups should be need insurance and should look into coverage options regardless of where they are in their life cycle.