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 5 Insurance Inflection Points for Startups 

Lumen Insurance Technologies - Startup Growth Phases

5 Insurance Inflection Points to Discuss with Your Insurance Broker     Your goals may include raising a significant amount of money, disrupting your industry, and/or becoming the next unicorn in the industry. If that is the case,  you will have a series of insurance inflection points to discuss with your insurance broker which includes D&O. Board Formation  Forming a company and getting the right team in place is critical. Funding teams look for key board members. They might help the company get to a place […]

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Do You Really Want Just The ‘Bare Minimum’ Coverage for Your Startup?

‘Now if you feel that the bare minimum is enough, then okay.’ – Stan, Chotchkie’s Manager from Office Space   I love the 1999 movie, Office Space, so I hope you can appreciate the simplicity of Stan’s message. The pressure of entrepreneurs to build a world class team, execute on a strategy and fund-raise are huge! Why on earth should you be concerned with cyber liability or errors & omissions insurance? Especially since you are probably not paying yourself and might even have a concrete date you won’t be […]

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Do I Need D&O Before or After I Raise Money for My Tech Startup?

  Start-up founders are generally calculated risk takers. So, why would a founder purchase D&O insurance before funding vs after?  There is no right or wrong answer but two common scenarios are outlined below.   A First-Time Founder Once Asked: What Is D&O? The quick and dirty answer to this question is it protects your startup’s leadership which includes the executive team and board. This coverage is designed to cover claims against the company as […]

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