Excess Insurance, Umbrella Policies and Why Your Business Needs Them

February 9, 2017By Isaac BockCyber Liability, Directors & Officers, Errors & Omissions Insurance, General Liability No Comments

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

The Top 5 Business Insurance Requirements from Landlords, Clients, and Investors

January 19, 2017By Brendan O'ConnorCyber Liability, Errors & Omissions Insurance, General Liability, Insurance Pro Tips, Property Insurance No Comments

Dealing with Business Insurance Requirements from Landlords, Clients, and Investors We see all kinds of business insurance requirements (and coverage change requests) from our clients’ landlords, clients, investors, business partners, and more.  These requests are processed by creating an “endorsement” on the policy that puts the change into effect.  From a location change to adding a … Read More

Business Insurance Package Policies & How They Benefit Startups

December 21, 2016By Brendan O'ConnorCyber Liability, Directors & Officers, Employment Practices Liability, Errors & Omissions Insurance, General Liability, Property Insurance, Risk Management Tips No Comments

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

Insurance for Bitcoin Companies

November 21, 2016By Carl NiedbalaCyber Liability, Errors & Omissions Insurance, General Liability No Comments

The Space Bitcoin use has been exploding lately, with recent (September 2013) numbers suggesting that over 66,000 bitcoin transactions occur each day!  More and more e-commerce platforms and vendors accept Bitcoin as payment each day to the point where the market cap is currently $1.6B and only expected to grow. Needless to say, the bitcoin … Read More

Pokemon Go, Harry Potter, & Augmented Reality Insurance Risks

August 2, 2016By Disha PatelCyber Liability, Featured, Founder Shield, General Liability, Insurance Pro Tips, News, Property Insurance, Risk Management Tips No Comments

  Are you one of the 30 million worldwide users who has downloaded Pokemon Go in the last few weeks? It’s likely, since the app has been downloaded more times in its short existence than Tinder has over the past four years. Regardless of whether you run around chasing Pokemon in your day-to-day, chances are … Read More

Product Liability, Contamination and Product Recall Insurance

July 27, 2016By Disha PatelFeatured, Founder Shield, General Liability, Insurance Pro Tips, News, Product Liability, Risk Management Tips No Comments

  Lately it seems like everything from children’s toys to food products are being recalled. Product recall is defined as “insurance coverage for the cost of getting a defective product back under the control of the manufacturer or merchandiser that would be responsible for possible bodily injury (BI) or property damage (PD) from its continued … Read More

Lumosity’s $2M Fine & the Risk of “Fake It ‘Til You Make It”

January 7, 2016By Carl NiedbalaDirectors & Officers, General Liability No Comments

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

Getting Business Insurance for On-Demand Startups

June 25, 2015By Carl NiedbalaCyber Liability, Errors & Omissions Insurance, Featured, General Liability, Insurance Pro Tips No Comments

  The on-demand economy is ever-growing and we work with new startups in the space on a daily basis.  We’ve previously discussed the risk profile of on-demand services companies and how insurance can help, but here’s what you need to know about actually getting business insurance for on-demand startups.   1. Technology is the tip … Read More

Top Reasons Your Startup needs Product Liability Insurance

May 7, 2015By Carl NiedbalaGeneral Liability, Product Liability No Comments

  Product liability insurance is an extremely important piece to the risk mitigation puzzle, particularly for startups that sell a tangible product.  Usually included in a General Liability policy (though sometimes offered standalone), product liability insurance protects your company from lawsuits related to bodily injury or property damage caused by product defects. Whether you’re e-commerce or … Read More