Q: How should I invest in insurance for my startup? What types of insurance do I need? What can I expect from the claim process?

A: A full risk assessment of your company’s developing business requires an audit of your potential liabilities. However, as a general rule for startups, the following five forms of insurance coverages should be considered[1]: Comprehensive General Liability (CGL) Insurance; Directors and Officers Liability (D&O) Insurance; Cyber/Media (Cyber) Insurance; First-Party Property Insurance; and Employment Liability.

Since insurance companies do not like to part with the premiums they have collected, certain exclusions in these policies and common attempts to bar coverage should be kept in mind. Click here to read the full blog post.