Insurance

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How Are Lumen Clients Doing Post COVID

As a follow on from last month’s Post COVID Predictions blog, we wanted to give our readers a general sense of the trends we have seen from Lumen prospects and clients over the past few months. In this month’s blog, we discuss client trends from a Lumen perspective.  Let’s start with the negative trends. We can build from there. Here are a few negative trends we have seen with regard[...]
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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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What Happens to Your Insurance Program If You Don’t IPO?

Advice for Startups That Fail to IPO and Have Insurance Concerns…     Though many tech entrepreneurs dream of taking a company public, the reality is very few companies (particularly in Austin) go public. Recently, in Austin we had Sailpoint go public and Phunware do a merger into a publicly traded company (count it) but that’s about it. Anand Sanwal, co-founder[...]
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