What insurance should startups consider?

We have a short post on Built in Chicago that describes what life-cycle events will trigger the need to buy insurance.

Our company value is entirely in it’s code, should we purchase insurance?

Even without revenue your company has value. Protect yourself against the costs and distractions of allegations of software copyright infringement and other intellectual property allegations by purchasing customized professional liability insurance.

Do you work with investors?

Yes. Most insurance buying decisions, particularly on directors and officers liability, are driven by venture capital and private equity investors. We regularly present on our clients behalf to their boards.

How much is insurance going to cost me?

Depends on a companies exposures and coverage needs. Basic insurance coverage for zero revenue firms can be generally be secured for $400-$2,000.