Startup Risk Tips: Know When Business Insurance Kicks In
Q: When is my company actually covered by our insurance policies? December 11 • Risk Management3 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
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
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 umbrella of best HR practices for startups. 1. Employee
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 that
EPLI Risk Exposure Checklist for Startups
Last week we posted about the importance of Employment Practices Liability Insurance (“EPLI”) for rapidly growing startup companies. If you read that post, it should be pretty clear why there’s so much risk exposure related to employment practices. I wanted to follow up that post with a quick EPLI risk exposure checklist for startups. Here’s
A Brief Look at User Authentication Techniques
Almost every client we work with stores or uses some sort of Personal Identifiable Information (“PII”). This probably reflects our apparent desire to have seamless/uber equivalents for literally every possible purchase of goods and services. In any case, there’s a lot of personal data floating around the interwebs these days. That should make security
One Trade Agreement Startups Should Know About
Venturebeat originally posted about this earlier this week and we thought it was an important one to be aware of. Unbeknownst to most, a new trade agreement between the Trans Pacific Parternship (the “TPP”) has been in development for almost a year now. The TPP consists of the United States, Mexico and a handful
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.