Carl Niedbala

Snapchat gets hacked, basically says “NBD, you guys”

  Only weeks after Snapchat made the headlights for spurning a $3+ billion buyout offer, the company is back in the limelight in a less-than-ideal fashion.

UPDATE: Target’s Data Breach and the Need for Cyber Liability Insurance

Recently we wrote about the data breach that occurred at Target’s point-of-sale systems in stores across America.  The breach lead to the theft of roughly 40 million credit card numbers, names, and CSV codes.  Here’s what’s been happening since the announcement:

What Startups Need to Know About Business Interruption Insurance

What is it? At a very high level, business interruption insurance (“BII”) protects the insured when business operations are interrupted (no, really?!).  Typically this coverage is paired with others, including General Liability and Cyber Liability.

Startups that Give Us More to be Thankful For

  With Thanksgiving upon us, it seems appropriate to do a post about some of the startups out there that are giving people more to be thankful for.  So here’s a small cross section of those companies:

One Trade Agreement Startups Should Know About

  Venturebeat originally posted about this earlier this week and we thought it was an important one to be aware of. Unbeknownst to most, a new trade agreement between the Trans Pacific Parternship (the “TPP”) has been in development for almost a year now.  The TPP consists of the United States, Mexico and a handful

Startups: Don’t Overlook Key Man Insurance

  We usually talk about key man insurance with our clients in the wake of a freshly closed round of institutional funding.  Investors typically make their portfolio companies get key man insurance to protect their own cash.  They realize that at most startups, the team is the company.  It takes a truly phenomenal team to guide

Snapchat: Proof that Startups Need D&O Insurance

  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.

Even Sony Can Mess Up Their Insurance

Admittedly this probably can’t be considered a “current” event, but we stumbled across this article somewhere on the interwebs and it’s an important story to tell (particularly on an insurance blog).   Big lessons can be learned by this one.  Here’s the gist:

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Welcome to the newly redesigned Foundershield.com!

Startup Cyber Risk Checklist

Cyber liability is a huge area of exposure for most startups.  Even if you’re not a “tech” startup per se, most tech companies today tend to leverage 3rd party tech products in ways that can leave them exposed.

Insurance for B2C services companies

The Space There’s a new breed of technology-enabled B2C services startups and we deal with a ton of them at Founder Shield.  Think Uber, GetMaid, Makespace…all of these companies use custom platforms to access traditional service providers in very non-traditional ways.  This creates exposure to a wide variety of liability.  Here’s a quick look:

Insurance for Startups: Cost or Investment?

The Affordable Care Act and Startups

With the recent launch of fresh government programs under the Affordable Care Act, the landscape is changing massively in the health insurance space.  We can’t help but think about what effects the new healthcare laws will have on startups.

Insurance for SaaS & Enterprise Companies

The Space The SaaS space is hot spot for startups. We work with several companies building SaaS solutions, ranging from data collection to “consultative sales” to outpatient management and all done in the cloud.  

Why Startups Need Insurance

While this list is definitely not exhaustive, I wanted to briefly shed some light on a couple of the reasons why startups need insurance and should look into coverage options regardless of where they are in their life cycle.

Welcome!

This post officially kicks off our blog series here at Founder Shield, and for right now, we’ll keep it short and sweet.