Business Insurance: How to Make Sure Your Startup’s Covered

This guest post by Carl Niedbala originally appeared on Orrick’s Total Access blog. Buying insurance can be a daunting task, particularly for venture-backed startups. The market for relevant insurance products tends to be fragmented and a finding a broker who understands tech can be tough. Sometimes, just getting the ball rolling can be confusing. With that in mind, here’s an introduction to purchasing insurance: Do: Vet Your Broker While there are some generalists out there, most brokers earn success by mastering an industry. Make sure that your broker fully understands your business model and where the inherent risks to your company lie. A good broker will look at your company from all angles and leave no stone unturned. How do you make this choice? Same as any business partner, vendor, or service provider. Ask your investors and fellow founders for their opinions and recommendations. Do research on potential broker-partners and …
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