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The 2013 Target Data Breach: Insurance Coverage Recap

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

Mary Meeker of KPCB Sounds the Cyber Security Alarm

With the release of her annual report this week, veteran internet analyst and Kleiner Perkins partner Mary Meeker sounded the alarm on the state of cyber security. Meeker’s reports are essentially the bible to investors and entrepreneurs in the space.  The report contains valuable data on everything from mobile to emerging markets, but the slides on cyber security

Getting Business Insurance for On-Demand Startups

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.

4 Key Things to Look for On Your Business Insurance Quotes

  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

Understanding Insurance Costs as Your Company Grows

“What the f*@k is up with my insurance premiums?!” We’ve seen our fair share of companies go from their “friends and family” round of financing up through their Series A, B, C, and D rounds. As the years (or mere months!) go by, more investors and employees are onboarded, revenues grow and the battle to scale layers in

Pokemon Go, Harry Potter, & Augmented Reality Insurance Risks

  Are you one of the 30 million worldwide users who has downloaded Pokemon Go in the last few weeks? It’s likely, since the app has been downloaded more times in its short existence than Tinder has over the past four years. Regardless of whether you run around chasing Pokemon in your day-to-day, chances are

Why High-Growth Businesses Need Social Engineering Insurance

Social engineering insurance – a primer When we mention “cyber insurance” to most clients, they tend to immediately picture situations like the target or yahoo data breaches.  They picture some mystery mastermind on the dark web scheming up an elaborate plan to crack firewalls and compromise networks. While that clearly happens more than we’d all like, it’s not the only threat

Insurance for Bitcoin Companies

The Space Bitcoin use has been exploding lately, with recent (September 2013) numbers suggesting that over 66,000 bitcoin transactions occur each day!  More and more e-commerce platforms and vendors accept Bitcoin as payment each day to the point where the market cap is currently $1.6B and only expected to grow. Needless to say, the bitcoin

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

The Top 5 Business Insurance Requirements from Landlords, Clients, and Investors

Dealing with Business Insurance Requirements from Landlords, Clients, and Investors We see all kinds of business insurance requirements (and coverage change requests) from our clients’ landlords, clients, investors, business partners, and more. These requests are processed by creating an “endorsement” on the policy that puts the change into effect. From a location change to adding a