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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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Is Your Tech Company a Tech Company to an Underwriter?

  Is Your Tech Company a Liger or a Tiger?   What is a liger? Napoleon from the 2004 movie Napoleon Dynamite says, ‘It’s pretty much my favorite animal. It’s like a lion and a tiger mixed… bred for its skills in magic.’ You will have to read through the end to see how this ties into the[...]
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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[...]
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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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