Coverage

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D&O: Why Underwriters Care about Your Financial Runway?

Jeremy Broomfield - Own work, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=10235542
Why Your Financial ‘Runway’ Is Important….     For startups, an underwriter asking for financial statements can seem invasive when searching for D&O (Directors & Officers) Insurance. So why do they ask? I talked to a few of my favorite underwriters to learn more about why the financial health of any startup is the #1 driver for a carrier to offer D&O terms and how it will affect your premium. Read on to[...]
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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[...]
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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[...]
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