Authored articles
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
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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.
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Apparently Everyone’s Getting Hacked Right Now
So apparently everyone’s is getting hacked right now. If stories keep popping up this often, maybe its time to just start doing a weekly data breach post. Also, this much activity is totally justifying why we harp on the importance of Cyber Liability coverage. Just sayin’. Anyway, here’s what happened in the last week or
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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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Insurance for Independent Contractors?
Background As we mentioned in a previous post, many of the startups we work with at Founder Shield are a new breed of B2C services. These companies leverage the latest technology to perform traditional services more efficiently and create a much better user experience than ever before.
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Our new site launched!
Welcome to the newly redesigned Foundershield.com!
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New European Laws = New Cyber Liability for Tech
Cause It has now been several months since NSA contractor Edward Snowden first leaked information about the organization’s activities.
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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.
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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:
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Insurance for Startups: Cost or Investment?
The Question The biggest question we deal with on a daily basis: how much does insurance for startups cost? All of our clients want to know exactly what they’ll have to spend and how long it will take. They all expect an immediate answer, and can you blame them? The startup world moves at a
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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.
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Startups Beware! CA Breach Notification Laws Expanded
The New CA Breach Notification Law If you’re a tech startup, your duties to protect your users’ personal information just got a bit more onerous. Last Friday (Sept 27th), Governor Jerry Brown signed a bill into law that expands the security/data breach notification requirements beyond their current spectrum.
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Insurance for SaaS & Enterprise Companies
The Space The Enterprise/SaaS space is hot spot for startups. In 2017, SaaS companies captured 69% of a 63.2 billion dollar public cloud services market. We work with several companies building enterprise/SaaS solutions, ranging from data collection to “consultative sales” to outpatient management and all done in the cloud.
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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.
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Startup Insurance & Cyber Liability realities you might not expect…
Cyber Liability Insurance is one of the biggest issues we deal with at Founder Shield. The vast majority of our clients are either straight tech startups or they’re leveraging technology to make their product or service scale. I think we can all agree that it’s probably impossible to run a startup these days without a
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A Note from the Founder: “Why Insurance?”
During my time at Kohort, one of the tasks that fell under my responsibility was assisting with the purchase of insurance for the company. We had just raised $3 million in seed money and we were a legitimate company. Legitimate companies need insurance. No one really wants to spend money on something from which you
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Welcome!
This post officially kicks off our blog series here at Founder Shield, and for right now, we’ll keep it short and sweet.
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