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.