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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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Employment Practices Tips for Tech Startups

The Importance of Employment Practices for Tech Startups…   In general, this is one of the heavier topics we will cover, but I felt it was necessary given the recent headlines involving Travis Kalanick of Uber, Dave McClure of 500 Startups and Justin Caldbeck of Binary Capital. The mainstream news outlets are in no shortage of stories highlighting the sexual harassment situation in Silicon Valley. This month’s blog highlights some of the employment related issues in the startup ecosystem and provides[...]
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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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