Any business that comes in contact with EU citizens will have to follow new rules as of May of this year. The General Data Protection Regulation (GDPR), passed by EU Parliament in April 2016, directly impacts businesses in the US, EU and elsewhere. Its purpose is to set uniform standards for data protection and prevent businesses from
Too many companies ignore one of the most common legal risks out there: intellectual property (IP) infringement. In past posts, we’ve talked about the high frequency of IP litigation as well as the dangers posed by patent trolls. But let’s keep it simple — what do you need to know? There are a few important
D&O insurance for startups is necessary for many reasons: protects your scaling efforts, meets investor requirements, safeguards executives, etc. But what does this coverage actually provide and how much will it cost you? Let’s clear the air.
We track down Tech Errors and Omissions policies for the majority of the companies we work with. It’s extremely important coverage for anyone leveraging technology or social media, which most startups constantly do. Even using things as simple as AWS or Facebook login can expose your company to a lawsuit, and in a fast-paced,
Bitcoin has been occupying the news but unless your only interest is today’s this minute’s price, there are still plenty of unanswered questions for startups. Jamie Dimon calls Bitcoin investors “stupid” and John McAfee says the price is going to $1 million by 2020. Meanwhile the grey area in-between is filled with noise. So we want to
Insurance should be seen as more of an investment than a cost, but given the busy and chaotic lives of Founders, it sometimes becomes a check-the-box activity. When utilized properly, companies can get value from their policies well beyond that generated by a “set it and forget it” approach. Here are a few tips to optimize your insurance
The goal of so many high growth startups today is “the exit.” Big companies are happy to meet this demand. They’re looking to expand market share or improve their product and an efficient solution has been snapping up these startups. Experts believe this trend will only accelerate over the next year. While there’s an understandable tendency
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 frequently bundle various coverage types together, providing a cost-effective approach compared to acquiring them individually. This strategy not only keeps expenses in check
Payroll is payroll, right? If you’re a growing business operating in the 21st century, you’ve most likely read about or experienced the importance of separating salaried employees from 1099 workers (Independent Contractors). If you’re less well-read on the subject, bottom line is this: at the end of the year, your workers compensation insurance carrier will “audit”
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
This is a guest post from Meredith Wood, Head of Content and Editor in Chief at Fundera. If your company relies primarily on equity financing to fuel growth, chances are you haven’t considered debt financing as an option. After all, if you are used to or considering going through the traditional Seed to Series A to
2015 employment practices lawsuit data is in: which states are at the highest risk? Every company encounters a hiring situation in which things don’t play out quite as planned. A candidate is overly demanding or misaligned with the hiring team, an employee didn’t perform as expected or wasn’t a cultural fit…the list can go on forever. Unfortunately,
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
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
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.
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
This is a guest post from Amy Klimek, VP of HR at ZipRecruiter.com. Startups cannot run their businesses the way established companies can. Established companies leverage their name and stability to attract the best talent in the industry. Your startup does not have an established name or track record of stability, but you do have other principles
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.
Retail Giant Target was hit with a massive data breach incident during the holiday season of 2013. We posted a few articles outlining the severity of the breach and speculating on how cyber insurance may be their lifeline. Here’s a quick follow up on the claims the company has seen since the incident. VentureBeat recently reported that
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
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.
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 will introduce the company and shed a little light on the kind of advice they’ll be sharing on our blog.