Product Liability, Contamination and Product Recall Insurance

  Lately it seems like everything from children’s toys to food products are being recalled. Product recall is defined as “insurance coverage for the cost of getting a defective product back under the control of the manufacturer or merchandiser that would be responsible for possible bodily injury (BI) or property damage (PD) from its continued

Top Reasons Your Startup needs Product Liability Insurance

Product liability insurance is an extremely important piece to the risk mitigation puzzle, particularly for startups that sell a tangible product.  Usually included in a General Liability policy (though sometimes offered standalone), product liability insurance protects your company from lawsuits related to bodily injury or property damage caused by product defects. Whether you’re e-commerce or brick

Insurance for Ecommerce Companies

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

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. Most founders think of buying insurance as

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: