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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... January 14 • Cyber Liability • Directors & Officers • Errors & Omissions • General Liability
Carl Niedbala
Managing Partner; COO & Co-Founder
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
Office-Sharing Can Save Startups. Here’s How.
By now we are all acclimated to the sharing economy model. We share our cars, our homes and our dog sitters. Sharing your office may not be the first thing that comes to mind as the next sharing economy service, but it should be, especially if you’re a startup. It might even save your
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
Vibram Shoes: how to put your $4M foot in your mouth
“Barefoot” running shoes have trended hard over the last few years. Vibram is the company behind this revolution with their “FiveFingers” shoe product. They touted the shoes as having a full range of benefits including: Strengthen muscles in the feet and lower legs Improve range of motion in the ankles, feet, and toes Stimulate neural function important
How to Read an Insurance Quote
When we give our clients quotes, most of the time they have questions for us. Usually the same questions pop up over and over again. I’m hoping that this post will serve as a valuable resource for our future clients (or anyone else out there staring at a quote and scratching their head). So let’s
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.
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.
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:
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.