D&O

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Insurance Predictions for A Post Corona World

Nostradamus himself could have imagined how drastic life would change overnight by COVID-19. Schools, business, and life in general have been completely disrupted. It is hard to say for how long. As a result many industries are reevaluating how they conduct business, including the insurance industry. In this month’s blog, we discuss insurance claims on the horizon, how the insurance industry is going to react and what we expect to see from the insurance marketplace in[...]
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Insurance Policies Your VCs Want Post Funding

The primary reason we receive inquiries about insurance is a funding event. Many founders typically don’t think too much about Directors & Officers (D&O) and Key Person Life Insurance until they get a term sheet. In this month’s blog, we share some insight on which insurance policies VCs require and why.  What/Why Do They Want[...]
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D&O Tail Coverage – Tips for the Acquisition

The prior Lumen blog, What Happens to Your Insurance Program If You Don’t IPO, states the most likely outcome for startups is an acquisition. As covered by Austin Inno, Silicon Hills News and the ABJ…acquisitions are taking place weekly in the ATX. So what do startups need to know about D&O coverage prior to an[...]
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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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