Excess Insurance, Umbrella Policies and Why Your Business Needs Them
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
The Top 5 Business Insurance Requirements from Landlords, Clients, and Investors
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
Business Insurance Package Policies & How They Benefit Startups
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
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 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 coverage
Getting Business Insurance for On-Demand Startups
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! The on-demand economy is ever-growing and we work with new startups in the space on a daily basis.
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. Risks As with any disruptive industry, there are several inherent risks that fintech