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
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
Insurance proposals are uncharted territory of most founders. We’ve done a basic tutorial (or 2, or 3) to help people understand the insurance terms, but here’s a breakdown of the practical/procedural FAQs we see. 1. What am I actually getting for the price? All quotes presented will provide coverage for a policy period … Read More
Sometimes things don’t go quite as planned and your company ends up a bit more cash strapped than anticipated at year end. The typical gut reaction is to pull the rip chord and cut any and all “extraneous” expenses. Insurance is considered by some to be one of those expenses. Here’s why you shouldn’t be quick … Read More
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
Q: When is my company actually covered by our insurance policies?
So you’ve gone through the process of applying for insurance on the Founder Shield site. In the the interest of transparency, here’s how we create your business insurance quote and how your insurance policy becomes a reality: 1. We review your submission internally As soon as you click submit, our team is alerted to … Read More
Q: What’s the deal with “admitted” insurance carriers vs “non-admitted” insurance carriers? Insurance quotes are a pain to read. If you’re not in the industry, most of the terms might seem like complete jibberish. One term that comes up is the whether the policy is with an Admitted or Non-Admitted insurance carrier. Here’s the … Read More