Patent and IP Insurance: Protect Your Ideas
So what exactly is the value of an idea? These days it can make or break your business. There has been a 71% increase in patent lawsuits over the last 6 years. There was a mind-blowing number – 2,754 to be exact – of patent infringement... July 22 • Intellectual Property • Risk ManagementFS101: Minimum On-Demand Delivery Insurance Requirements
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! Basic risk management tips for on-demand delivery companies We work with no shortage of on-demand companies operating in the ride share, car
Business Insurance 101: HealthTech, Health Marketplaces, & Telemedicine
So here’s what Medical Marketplaces, HealthTech and Telemedicine Companies need to know about Insurance. Healthcare is undergoing a tech revolution brought on by the new breed of venture-backed tech companies. You can now shop for your doctors with services like Zocdoc and Doctor.com which allow consumers to file through medical providers in their network based on written reviews and
Behind the Scenes: Quoting Insurance for Scaling Companies
This Little Piggy Went to the Market: Behind the Scenes of Quoting Insurance Let’s go shopping! Think of the insurance market like cialis pas cher a fruit market. You want the fresh, clean, beautiful fruit that’s in season! You shop around, check for bruises or marks, and then decide which fruit to buy. The way
Understanding Insurance Costs as Your Company Grows
“What the f*@k is up with my insurance premiums?!” We’ve seen our fair share of companies go from their “friends and family” round of financing up through their Series A, B, C, and D rounds. As the years (or mere months!) go by, more investors and employees are onboarded, revenues grow and the battle to scale layers in
FS + 99Designs Starter Kit
We’re excited to announce that we’ve partnered with 99designs on the small business starter kit: a go-to source for all of the tools younger companies need to ramp up accelerate growth. Beyond an insurance 101 lesson from Founder Shield, the kit includes many other tips and tricks for anything from getting funding, building a brand, hiring to create
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
4 Key Things to Look for On Your Business Insurance Quotes
It would be extremely surprising if you didn’t have some questions when looking at your first business insurance quotes. They’re extremely detailed and certainly not the easiest document to digest. Here’s a quick overview of the major items you should be looking at on your quote. [Note: this article is mainly pertaining to errors
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.
The Business Insurance Renewal Checklist (for Startups)
Business insurance renewals are usually uncharted territory for a young startup. Typically, venture-backed startups experience significantly more change/growth year over year compared to your standard new business venture. It’s important to understand how this affects your startup’s insurance coverage and how to ensure you’re properly protected. Here’s the “checklist” of items to be aware of as your policies renew.
Startup Risk Tips: Don’t Let Your Business Insurance Lapse
Sometimes things don’t go quite as planned and your company ends up a bit more cash strapped than anticipated at year end. The typical gut reaction is to pull the rip chord and cut any and all “extraneous” expenses. Insurance is considered by some to be one of those expenses. Here’s why you shouldn’t be quick
Don’t Wait: 7 Reasons to Find a Good Startup Lawyer Now
We’re all about teaming up with great startups on a mission to help the startup community excel. Priori Legal is one of those awesome companies. This guest post from proiri is important from an insurance perspective because many underwriters will ask for the legal work described below when quoting your insurance policy. Without these documents, insurance can be more
Priori Legal’s Guidelines for Finding the Right Lawyer
We’re all about teaming up with great startups on a mission to help the startup community excel. Priori Legal is one of those awesome companies. This guest post provides some helpful tips for hiring a startup lawyer. Priori Legal’s Guidelines for Finding the Right Lawyer Priori Legal is an online platform for connecting start-ups and SMB’s with
Year in Review: 2014 Cyber Attacks (What Startups Should Know)
2014 Cyber Attacks Reviewed For the last four years, cyber risk management firm Net Diligence has done a report on cyber insurance claims for the year…and 2014 has been a hell of a year for cyber attacks. This year’s report has been published and has some very interesting findings pertaining to the startup community.
Intellectual Property Insurance – What Startups Need to Know
Intellectual Property Insurance + Startups Intellectual property is a big topic for the startup community. With modern patent trolls, content syndication, and intellectual property law reform, the topic can be confusing at minimum. Many founders look to insurance to mitigate this risk – and properly so – as there are many insurance products out there
Startup Risk Tips: Know When Business Insurance Kicks In
Q: When is my company actually covered by our insurance policies?
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
2 Sneaky Ways Business Insurance Adds Value for Startups
Subtle Value-adds: Business Insurance It’s easy to think insurance is surplus when the company is just getting off the ground. In the grand scheme of to-dos, insurance should probably fall by the wayside to goals like acquiring users, making money, building a minimum viable product, or finding investors. Many entrepreneurs view purchasing e-commerce insurance as
Under the Hood: Creating Your Business Insurance Quote
So you’ve gone through the process of applying for insurance on the Founder Shield site. In the the interest of transparency, here’s how we create your business insurance quote and how your insurance policy becomes a reality: 1. We review your submission internally As soon as you click submit, our team is alerted to review your
Startup Risk Tips: Admitted / Non-Admitted Insurance Policies
Q: What’s the deal with “admitted” insurance carriers vs “non-admitted” insurance carriers? Insurance quotes are a pain to read. If you’re not in the industry, most of the terms might seem like complete jibberish. One term that comes up is the whether the policy is with an Admitted or Non-Admitted insurance carrier. Here’s the deal:
5 Important Tools for Hiring Employees for Your Startup
Hiring Employees for Your Startup – 5 major considerations Scaling up a startup through increased hiring is an exhilarating phase in its growth journey. It’s not unusual for venture-backed companies to exponentially expand their workforce year after year. To ensure a smooth hiring process without spiraling out of control, here are key considerations under the
How a Startup Insurance Policy is Born
At Founder Shield, we pride ourselves on getting our clients in front of underwriters immediately. But as we present our clients to underwriters for quoting, we get a lot of questions about what’s going on under the hood. To clear the air, here’s a quick and basic overview of the process and to tools