Coverage for financial losses caused by a cyber incident, such as a data breach, ransomware attack, or website hack.
Incidents
Cost Without Insurance
Data Breach Lawsuits
$1 million to $100 million
Ransomware Lawsuits
$250,000 to $5 million
Business Interruption Lawsuits
$1 million to $100 million
Negligence Lawsuits
$500,000 to $10 million
Source
Ponemon Institute (2023 Cost of a Data Breach Report)
Sophos (2023 State of Ransomware Report)
Insurance Information Institute (2023 Facts + Statistics: Cyber Risk Insurance)
American Bar Association (2022 Cybersecurity and Data Privacy Litigation Trends Report)
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$2,700 - $7,300
1 million - 2 million
Growth Stage ($5M to $20M ARR)
$8,000 - $26,700
2 million - 5 million
Late Stage ($20M+ ARR)
$18,300 - $82,000
2 million - 10 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Crime Insurance
Coverage for losses due to theft, robbery, burglary, and other crimes.
Incidents
Cost Without Insurance
Theft of Money, Goods, or Property
$25,000
Robbery
$50,000
Burglary
$25,000
Embezzlement
$100,000
Fraud
$250,000
Source
FBI’s 2023 Uniform Crime Reports
National Retail Federation’s 2023 Organized Retail Crime Report
Insurance Information Institute’s 2023 Insurance Facts Book
Association of Certified Fraud Examiners’ 2023 Report
Federal Trade Commission’s 2023 Consumer Protection Data Spotlight
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$2,700 - $7,300
1 million - 2 million
Growth Stage ($5M to $20M ARR)
$3,100 - $7,500
1 million - 2 million
Late Stage ($20M+ ARR)
$4,400 - $14,400
1 million - 3 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Directors & Officers
Coverage for legal liability for directors and officers of a company for their actions or omissions.
Incidents
Cost Without Insurance
Breach of Fiduciary Duty
$1 million
Shareholder Lawsuits
$5 million
Product Liability Lawsuits
$10 million
Source
Directors’ and Officers’ Liability Underwriting Society’s 2023 D&O Claims Study
Securities and Exchange Commission’s 2023 Enforcement Report
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Employment Practices Liability
Coverage for legal liability for employers for wrongful termination, discrimination, harassment, and other employment-related claims.
Incidents
Cost Without Insurance
Wrongful Termination Lawsuits
$250,000
Discrimination Lawsuits
$500,000
Harassment Lawsuits
$250,000
Retaliation Lawsuits
$100,000
Source
Society for Human Resource Management’s 2023 Workplace Litigation Report
Equal Employment Opportunity Commission’s 2023 Charge Data
National Sexual Assault Hotline’s 2023 Rape, Abuse & Incest National Network (RAINN) Statistics
Occupational Safety and Health Administration’s 2023 Whistleblower Protection Program Report
Annual Premium
Limits
Early Stage ($0-$5 ARR)
$550 - $6,200
20,000- 1 million
Growth Stage ($5 million to $20 ARR)
$3,100 - $20,700
25,000 - 2 million
Late Stage ($20m+ ARR)
$17,200 - $63,000
1 million - 2 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Errors & Omissions
Coverage for legal liability for professionals for their mistakes or omissions.
Incidents
Cost Without Insurance
Negligence Lawsuits
$250,000
Malpractice Lawsuits
$500,000
Source
American Bar Association’s 2023 Malpractice Litigation Survey
Medical Professional Liability Association’s 2023 MPL National Benchmarking Survey
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$2,300 - $9,000
1 million - 2 million
Growth Stage ($5M to $20M ARR)
$9,800 - $30,100
2 million - 5 million
Late Stage ($20M+ ARR)
$25,000 - $124,300
2 million - 10 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Fiduciary Liability
Coverage for legal liability for fiduciaries for their breach of fiduciary duty.
Incidents
Cost Without Insurance
Breach of Trust
$250,000
Embezzlement
$500,000
Fraud
$1 million
Source
National Association of Trustees at State Colleges and Universities’ 2023 Fiduciary Liability Claims Study
Association of Certified Fraud Examiners’ 2023 Report to the Nations on Occupational Fraud and Abuse
Securities and Exchange Commission’s 2023 Enforcement Report
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$1,800- $12,100
1 million - 1.5 million
Growth Stage ($5M to $20M ARR)
$6,600 - $23,200
1 million- 1 million
Late Stage ($20M+ ARR)
$4,000 - $62,000
1 million - 1.5 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
General Liability
Coverage for financial losses caused by bodily injury or property damage to others.
Incidents
Cost Without Insurance
Slip and Fall Accidents
$25,000
Product Liability Lawsuits
$50,000
Premises Liability Lawsuits
$25,000
Source
National Safety Council’s 2023 Injury Facts
U.S. Consumer Product Safety Commission’s 2023 Annual Report
Insurance Information Institute’s 2023 Insurance Facts Book
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$500- $2,600
1 million - 2 million
Growth Stage ($5M to $20M ARR)
$1,300 - $9,750
1 million - 2 million
Late Stage ($20M+ ARR)
$2,800- $30,100
1 million - 3 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Property Insurance
Coverage for losses to property due to fire, theft, vandalism, and other hazards.
Incidents
Cost Without Insurance
Fire Damage
$100,000
Theft
$25,000
Vandalism
$10,000
Water Damage
$50,000
Storm Damage
$75,000
Source
National Fire Protection Association
Federal Bureau of Investigation
Insurance Information Institute
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$550- $1,800
1 million- 1 million
Growth Stage ($5M to $20M ARR)
$1,600 - $3,200
1 million - 2 million
Late Stage ($20M+ ARR)
$3,000 - $12,400
1 million - 2 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Coverage for financial losses caused by a cyber incident, such as a data breach, ransomware attack, or website hack.
Incidents
Cost Without Insurance
Data Breach Lawsuits
$1 million to $100 million
Ransomware Lawsuits
$250,000 to $5 million
Business Interruption Lawsuits
$1 million to $100 million
Negligence Lawsuits
$500,000 to $10 million
Source
Ponemon Institute (2023 Cost of a Data Breach Report)
Sophos (2023 State of Ransomware Report)
Insurance Information Institute (2023 Facts + Statistics: Cyber Risk Insurance)
American Bar Association (2022 Cybersecurity and Data Privacy Litigation Trends Report)
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$2,700 - $7,300
1 million - 2 million
Growth Stage ($5M to $20M ARR)
$8,000 - $26,700
2 million - 5 million
Late Stage ($20M+ ARR)
$18,300 - $82,000
2 million - 10 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Coverage for losses due to theft, robbery, burglary, and other crimes.
Incidents
Cost Without Insurance
Theft of Money, Goods, or Property
$25,000
Robbery
$50,000
Burglary
$25,000
Embezzlement
$100,000
Fraud
$250,000
Source
FBI’s 2023 Uniform Crime Reports
National Retail Federation’s 2023 Organized Retail Crime Report
Insurance Information Institute’s 2023 Insurance Facts Book
Association of Certified Fraud Examiners’ 2023 Report
Federal Trade Commission’s 2023 Consumer Protection Data Spotlight
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$2,700 - $7,300
1 million - 2 million
Growth Stage ($5M to $20M ARR)
$3,100 - $7,500
1 million - 2 million
Late Stage ($20M+ ARR)
$4,400 - $14,400
1 million - 3 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Coverage for legal liability for directors and officers of a company for their actions or omissions.
Incidents
Cost Without Insurance
Breach of Fiduciary Duty
$1 million
Shareholder Lawsuits
$5 million
Product Liability Lawsuits
$10 million
Source
Directors’ and Officers’ Liability Underwriting Society’s 2023 D&O Claims Study
Securities and Exchange Commission’s 2023 Enforcement Report
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Coverage for legal liability for employers for wrongful termination, discrimination, harassment, and other employment-related claims.
Incidents
Cost Without Insurance
Wrongful Termination Lawsuits
$250,000
Discrimination Lawsuits
$500,000
Harassment Lawsuits
$250,000
Retaliation Lawsuits
$100,000
Source
Society for Human Resource Management’s 2023 Workplace Litigation Report
Equal Employment Opportunity Commission’s 2023 Charge Data
National Sexual Assault Hotline’s 2023 Rape, Abuse & Incest National Network (RAINN) Statistics
Occupational Safety and Health Administration’s 2023 Whistleblower Protection Program Report
Annual Premium
Limits
Early Stage ($0-$5 ARR)
$550 - $6,200
20,000- 1 million
Growth Stage ($5 million to $20 ARR)
$3,100 - $20,700
25,000 - 2 million
Late Stage ($20m+ ARR)
$17,200 - $63,000
1 million - 2 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Coverage for legal liability for professionals for their mistakes or omissions.
Incidents
Cost Without Insurance
Negligence Lawsuits
$250,000
Malpractice Lawsuits
$500,000
Source
American Bar Association’s 2023 Malpractice Litigation Survey
Medical Professional Liability Association’s 2023 MPL National Benchmarking Survey
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$2,300 - $9,000
1 million - 2 million
Growth Stage ($5M to $20M ARR)
$9,800 - $30,100
2 million - 5 million
Late Stage ($20M+ ARR)
$25,000 - $124,300
2 million - 10 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Coverage for legal liability for fiduciaries for their breach of fiduciary duty.
Incidents
Cost Without Insurance
Breach of Trust
$250,000
Embezzlement
$500,000
Fraud
$1 million
Source
National Association of Trustees at State Colleges and Universities’ 2023 Fiduciary Liability Claims Study
Association of Certified Fraud Examiners’ 2023 Report to the Nations on Occupational Fraud and Abuse
Securities and Exchange Commission’s 2023 Enforcement Report
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$1,800- $12,100
1 million - 1.5 million
Growth Stage ($5M to $20M ARR)
$6,600 - $23,200
1 million- 1 million
Late Stage ($20M+ ARR)
$4,000 - $62,000
1 million - 1.5 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Coverage for financial losses caused by bodily injury or property damage to others.
Incidents
Cost Without Insurance
Slip and Fall Accidents
$25,000
Product Liability Lawsuits
$50,000
Premises Liability Lawsuits
$25,000
Source
National Safety Council’s 2023 Injury Facts
U.S. Consumer Product Safety Commission’s 2023 Annual Report
Insurance Information Institute’s 2023 Insurance Facts Book
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$500- $2,600
1 million - 2 million
Growth Stage ($5M to $20M ARR)
$1,300 - $9,750
1 million - 2 million
Late Stage ($20M+ ARR)
$2,800- $30,100
1 million - 3 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Coverage for losses to property due to fire, theft, vandalism, and other hazards.
Incidents
Cost Without Insurance
Fire Damage
$100,000
Theft
$25,000
Vandalism
$10,000
Water Damage
$50,000
Storm Damage
$75,000
Source
National Fire Protection Association
Federal Bureau of Investigation
Insurance Information Institute
Annual Premium
Limits
Early Stage ($0-$5M ARR)
$550- $1,800
1 million- 1 million
Growth Stage ($5M to $20M ARR)
$1,600 - $3,200
1 million - 2 million
Late Stage ($20M+ ARR)
$3,000 - $12,400
1 million - 2 million
Disclaimer
*Premium estimates are for informational purposes only. Every company is different and we make no representations or guarantees regarding the accuracy of your company’s specific insurance premiums or risk profile.
Consistent rapid and concise customer service from both broker and support personnel. An evident ethos of “let’s make this easier”. I’ve managed the insurance function for various companies for over 30 years and this is the most cost and TIME effective approach I have encountered.
Tony Wesley - CEO— Blueleaf Wealth, Inc.
Founder Shield understands how small companies (including startups) operate. They are sensitive to our needs and realize we don’t want to spend a lot of time, money or paperwork dealing with insurance policies.
Matt Daniel - CFO— WayBetter Inc
“I was referred to Founder Shield by a friend who works with technology-based startups as I do… Founder Shield was simple – go to the website, fill out the form, get a quote quickly, pay and Voila – you are insured. I need a highly rated insurer and they delivered. Could not be simpler. I highly recommend Founder Shield.”
Harry Leahey - CEO— Nuogen Pharma, Inc
“The Founder Shield team is a wonderful and supportive partner… Not only are they 100% devoted to insuring compliance, they provide continuous guidance. Our dedicated account manager is extraordinary – goes above and beyond to ensure all of our needs are met.”
Karelle Joun - Vice President, Finance — TrackMaven, Inc.
“Excellent and very reliable customer service. Founder Shield not only worked with us and helped us gain competitive insurance coverage in a field that is very new, they also went above and beyond in communicating directly with authorities to help us ease through the process of gaining permission to operate.”
The cost of insurance for startups at will vary based on several factors, including your business activities, revenue, growth rate, and specific industry risks.
Additionally, we offer a cost estimate calculator that can provide you with an estimated insurance cost, based on data from our current clients on our risk assessment call.
For a more accurate and personalized quote, reach out to our team our start your application today.
Founder Shield conducts a robust risk assessment to determine the right coverage amount for your startup. We analyze various factors including your company’s size, industry-specific risks, and revenue.
By examining the most likely claims and their financial impact, we present you with a comprehensive evaluation.
This allows you to make an informed decision on your coverage, ensuring it’s tailored to your startup’s unique needs and potential risks.
Absolutely. We recognize that startups evolve rapidly. As your business grows and changes, so can your insurance needs. FounderShield is here to ensure that your coverage scales alongside your startup. You can reach out to us anytime to adjust your policy.
Founder Shield distinguishes itself from other insurance brokers by offering tailored insurance solutions specifically designed for startups.
Unlike typical one-size-fits-all packages, we provide personalized attention and customized policies from a diverse range of over 200+ carriers.
This approach ensures comprehensive coverage for the unique challenges and risks faced by young companies.
Our expertise lies in understanding the nuances of startups, ensuring your insurance is flexible, appropriate, and scalable to meet your evolving needs.
At FounderShield, we strive to make the claims process as smooth as possible. If an incident occurs, immediately notify us on our online portal, providing all relevant information and documentation.
Our dedicated claims team will guide you through every step to ensure you get the support you need.
Definitely. Having insurance demonstrates to investors that you are proactive about managing risks and protecting your startup’s assets.
It’s a sign of business maturity, foresight, and financial prudence, all of which can positively influence investor sentiment.
Yes, certain industries have specialized risks that warrant unique insurance products.
For instance, tech startups might benefit from cyber liability insurance, while a biotech startup might need clinical trial coverage.
Our team at FounderShield has deep knowledge across various sectors and can guide you to the policies most relevant to your startup.
Schedule a Time to Speak with a Startup Insurance Advisor
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Cannabis
Cryptocurrency
Influencers
Micromobility
On-Demand & Shared Economy
On-Demand Delivery
Robotics
SPACs
Web3
AI
E-Commerce
Education Technology
Esports
Fintech
MSPs
SaaS
Startups
Technology
Life Science Risk Management
Biotech
Dietary Supplement & Nutraceutical
FamTech & BabyTech
HealthTech
Pharmaceutical
Virtual Care, TeleHealth, & Telemedicine
Financial Services
Professional Services
Media & Advertising
info@foundershield.com 
114 E 25th St, New York, NY 10010 
646.854.1058 
Tony Wesley - CEO — Blueleaf Wealth, Inc.
Harry Leahey - CEO — Nuogen Pharma, Inc
Karelle Joun - Vice President, Finance — TrackMaven, Inc.
Mathias Vaarmann - CEO — Starship Technologies Holdings, Inc
