Errors & Omissions

Insurance for Bitcoin Companies

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

The Importance of Tail Insurance Coverage for Startups

A tail insurance policy is one of the most important risk mitigation tools for a startup approaching an exit. The mission for every founder is pretty much the same: get some traction, get funded, scale rapidly, and hit an exit opportunity.  While the occasional unicorn might be fortunate enough to IPO, most startups go the

The Top 2 Dangers of Portfolio Company Lawsuits

In our previous piece on Venture Capital Insurance, lawsuits from your employees and Employment Practices Liability Insurance (EPLI) took the spotlight.  This article focuses on the risks posed by portfolio companies.  For more info on how to protect your VC, take a look at our intro post, as well as our summaries of SEC investigations and lawsuits from

Top 4 Venture Capital Insurance Claims from Investors

This is the third installment in Founder Shield’s venture capital (VC)-Focused series and explains venture capital insurance claims VCs might face from their investors. If you’d like to learn more about the basics of what these insurance policies do and don’t cover, check out our intro post as well as our post about regulatory investigations.

Venture Capital Insurance and the SEC

In our first post on venture capital insurance, we took a high level view of four scenarios where this management liability, professional liability, and employment practices liability insurance policy could protect you, your firm, and your investors. We also spoke about the potential costs of having — as well as not having — this liability

Getting Business Insurance for On-Demand Startups

Insurance for Fintech Companies

  Founder Shield 101: Insurance for Fintech Companies. From financial products to payments to investing, fintech is a red hot.  The market is forecasted to grow to $6-8 billion by 2018 and Q1 2014 alone saw 1.7 billion invested across 167 deals.

Insurance for Ecommerce Companies

Consumer Ecommerce is booming. With the vast array of web developers, payment processors and digital currencies, it has never been easier to get an online business off the ground. The US market alone is estimated at $409 billion for 2017. By 2022, it’s expected to make up to as much 17% of all retail sales nationwide. Risks

3 Risks an On-Demand Services Company Needs to Consider

Update: We’ve released a new whitepaper examining the Sharing Economy industry. We dive into the insurance landscape, legal climate and how to approach risk management for companies in this sector. You can download the report here! Food for thought: on-demand services company risk profile The on-demand services company (think Uber, Makespace, Fly Cleaners…) is taking over the

The “Dos” &”Don’ts” of Buying Startup Company Insurance

Buying startup company insurance can be a daunting task.  The insurance market is fragmented and there is no shortage of products out there.  The industry is not exactly tech savvy either, and many brokers still employ tools as archaic as fax machines in their practices.  Just finding where to start can be a hassle! When

Insurance for Internet of Things Companies

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

Startup Internships: What Founders Need to Know

**This is a guest post by Scott Smedresman of Sorin Rand.**

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.

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 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.