Insurance is an investment you need to make. Your company needs to be insured, from your general slip and fall to auto coverage, to cyber, SAAS insurance, and everything in between. Insurance will help you attract investors, top talent, and build customer relationship.
When to get insured
Startups need business insurance if they:
Work with customers or clients Provide professional advice Want to protect their personal assets Which type of insurance
There are basic coverages that are necessities from the start, like general liability, cyber liability, errors and omissions, and directors and officers insurance.
Your company's need for different types of insurance will change as you grow. For example, you'll need commercial property insurance when you rent office space. And you'll need worker's compensation insurance as soon as you have your first employee. Expanding internationally? You'll need foreign liability insurance.
Insurance broker suggested vendors