Startups

The Ultimate Guide to Insurance Requirements in Contracts

Vendors, cities, partners, investors, etc.— often require specific insurance policies as a part of a contract. We break down why and what you need to know.

Private Companies Won’t Escape SEC Scrutiny; D&O Coverage May Be Crucial

SEC suits against Theranos and Jumio illustrate that private companies won’t avoid SEC scrutiny and that D&O insurance is more important than ever.

Key Person Insurance Alternatives

Key Person Insurance can be a valuable policy for when the unthinkable happens, but it has its disadvantages. We examine Contract protection insurance (“CPI”) and other alternatives.

Mitigating Cyber Risk with Google Cloud

Partnering with the right cloud provider is essential. Google Cloud outline how to mitigate cyber risk through trust, security, and proper cyber insurance.

Understanding Certificates of Insurance (COIs)

Everything you need to know about Certificates of Insurance (COIs)!

Robobroking: What you need to know about automated insurance brokers

Online brokers using automation and AI make it easier than ever to get commercial insurance. But how do you know if they’re right for your business?

Pre-IPO Checklist 2019

Considering an IPO? We’ve created a 10 part a checklist to serve as a preliminary starting point for thought and discussion, as well as a brief primer on the process.

How to generate revenue & funding with insurance

How do you turn a cost center into a revenue engine? We discuss how high-growth companies can get this done with right Insurance. (via TechCrunch)

Jobs Act 3.0 Explained: How It Will Impact Business

The House has passed Jobs Act 3.0. What does this mean for business? We discuss the key takeaways of the act and how it will impact future IPOs.

Top 6 Forms of Social Engineering & How to Protect Your Business

Many implement the latest antivirus software, data encryption protocols, and firewalls. But what happens if malware is introduced into the system from inside? i.e. by an employee

What’s the Right Insurance for an ICO?

Uncertainty in the ICO space is leading entrepreneurs to wonder how they can protect themselves from risk. Can these companies get insurance for an ICO like they can for other parts of their business? (Spoiler alert: yes they can)

5 Facts Startups Need to Know About the GDPR

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

The 3 Most Important Facts About IP Insurance for Startups

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

Startup D&O Insurance: What You Need to Know

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.

Errors and Omissions Risks Checklist for Startups

We track down Errors and Omissions (E&O) 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,

Insurance for Bitcoin: 3 Facts Startups Need to Know

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

Startup Risk Tips: Optimizing your Insurance Policies

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 policies

What You Need to Know About Insurance When You Sell Your Company

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

Business Insurance Package Policies & How They Benefit Startups

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

Your Business Insurance Covers Stolen Laptops — But How?

The holiday season is upon us!  Time to lock up the offices and head home to spend some time with family and friends.  Everyone’s taking some time off, right? Unfortunately, it’s ‘one of the busiest and most lucrative times of the year for criminals. It’s not uncommon for us Founder Shield folks to come back from

How Insurance Companies Measure Payroll (and Bill You For It)

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 insurer will “audit” your payroll and charge

Business Insurance 101: HealthTech, Health Marketplaces, & Telemedicine