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We're thrilled to announce our new partnership with Swyft Filings, a leading provider of corporate formation services. As a one-stop-shop for business incorporation and management, Swyft Filings has assisted in the formation of hundreds of thousands of LLCs and corporations, equipping entrepreneurs with the tools and resources they need to get their business off the ground and manage it effectively. The best time to ensure your business is protected is right after you've completed the necessary paperwork to get up and running. Coverdash's embedded insurance solution now integrates directly into Swyft Filings' seamless incorporation flow, enabling newly formed businesses to instantly obtain tailored coverage while they complete their formation process - all with the click of a single button. This provides business owners with the necessary protection against risks they may face from day one. Small businesses face a myriad of risks, from lawsuits to unexpected accidents and disasters. In fact, 53% of small businesses face litigation each year. Yet, nearly 30% remain uninsured, leaving them vulnerable to financial turmoil that could disrupt operations. Business insurance is an essential safeguard, protecting companies from the legal and financial pitfalls that threaten their livelihood. Through our partnership with Swyft Filings, entrepreneurs can now easily obtain a comprehensive suite of tailored commercial insurance coverage alongside their incorporation and business services. Swyft Filings users can source essential policies like general liability, business owner's policies, workers' compensation, cyber liability, professional liability, and more - all within the same platform they use to form and operate their company. Additionally, users can now seamlessly manage their coverage and download Certificates of Insurance (COIs) directly from the Swyft Filings dashboard. Checking off business insurance requirements is the natural next step post-formation, and Coverdash's embedded insurance technology allows new businesses to protect themselves from the start with industry-leading pricing and coverage options. This powerful integration empowers entrepreneurs to secure the essential protection their business needs from the very beginning of their journey. Together with Swyft Filings, we're helping small businesses get up on their feet so that they can focus on taking those crucial first steps towards growth and success. By seamlessly combining incorporation and insurance, we're providing a comprehensive solution to support entrepreneurs as they launch and grow their enterprises. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner About Swyft Filings At Swyft Filings, we believe starting a business should be simple. That’s why we created an easy, fast, and affordable way for entrepreneurs to form their LLC, C Corp, S Corp, or Nonprofit. Since 2015, we’ve helped over 300,000 businesses get up and running without the hassle of complex paperwork or high legal fees. Our automated filing service, backed by a knowledgeable team, takes care of the details so you can focus on what matters—growing your business. Disclaimer: Swyft Filings is a document filing service and does not provide legal advice. You should consult with an attorney if you seek specific legal guidance regarding business formation.

As a business owner, you have a legal obligation to protect your employees. At the core of this responsibility is Workers' Compensation insurance - a coverage that not only safeguards your workforce but also shields your company from significant financial and legal risks. Meeting the Legal Mandate for Workers' Compensation In most states, businesses with employees are legally required to carry Workers' Compensation insurance. Failure to comply can result in severe penalties, including hefty fines, stop-work orders, and even criminal charges. Maintaining the proper coverage is not just a best practice - it's an essential element of operating a compliant business. Beyond Legal Compliance While meeting state regulations is critical, Workers' Compensation insurance offers far-reaching benefits that go beyond mere legal obligations. This coverage: * Ensures your workers receive prompt medical care and lost wage replacement after a workplace injury or illness * Protects your business from costly lawsuits related to on-the-job accidents * Demonstrates your commitment to employee well-being, aiding talent attraction and retention Comprehensive Protection for Your Workforce and Business Workers' Compensation insurance shields your company from a wide range of workplace risks, including: * Occupational injuries and illnesses * Permanent disabilities resulting from job-related incidents * Fatalities occurring on the job By having this coverage in place, you're providing your employees with peace of mind while also safeguarding your own financial stability and business continuity. Choosing the Right Workers' Compensation Policy When selecting a Workers' Compensation insurance plan, be sure to consider: * Your industry's unique risk factors and required coverage levels * Applicable state regulations and compliance standards * Your company's safety programs and risk management strategies * The financial strength and claims handling capabilities of potential insurers Don't Wait Until It's Too Late As a responsible business owner, you can't afford to overlook the legal requirements and strategic importance of Workers' Compensation insurance. Failing to have the proper coverage in place can expose your company to significant risks, liabilities, and operational disruptions. Partner with Coverdash to secure the Workers' Compensation protection your business needs. By leveraging our access to over 30 leading insurance carriers, we can provide you with customized, cost-effective solutions tailored to your specific requirements. Get your free quote today and ensure your workforce and company are safeguarded against the unexpected.

As a new business owner, you've poured your heart and soul into launching your venture. But have you considered how to protect it from unforeseen risks? General Liability insurance is a crucial safeguard for your fledgling enterprise, shielding you from potentially devastating financial losses. This type of coverage not only protects against common business risks but also opens doors to essential opportunities. From securing loans to leasing commercial space, proof of insurance is often a requirement for critical business transactions. In this blog post, you'll discover why General Liability insurance is indispensable for your new business and how it can pave the way for your company's growth and success. Protection Against Common Business Risks General liability insurance covers various scenarios, including customer injuries on your premises, property damage caused by your operations, and even legal costs for defending against lawsuits. By having this coverage, you're protecting both your assets from potential financial losses that could otherwise cripple your new venture. Demonstrating Business Maturity Beyond financial protection, general liability insurance serves as a signal of your business's responsibility and maturity. Many stakeholders, including customers, landlords, and lenders, view this coverage as a mark of professionalism. It demonstrates that you're prepared to handle potential risks, which can be particularly important for new businesses seeking to establish credibility in the market. Key Coverages Provided by General Liability Insurance * Bodily Injury Protection: This coverage helps shield your business from costs associated with injuries that occur on your premises or as a result of your operations. * Property Damage Coverage: If your business operations cause damage to someone else's property, this aspect of general liability insurance can help cover the costs of repairs or replacements. * Personal and Advertising Injury: This coverage protects against claims of libel, slander, and copyright infringement, which is particularly important for businesses with a strong online presence or those engaged in marketing and advertising activities. * Legal Defense and Settlements: Perhaps one of the most valuable aspects of general liability insurance is its provision for legal defense costs and potential settlements, which can be essential for protecting your business's financial stability. When Proof of General Liability Insurance is Required * Contractual Obligations: Many clients, especially larger corporations, will insist on seeing a Certificate of Insurance (COI) before engaging your services. This document verifies your coverage and protects both parties from potential financial risks. * Leasing Commercial Space: When seeking to rent office or retail space, landlords typically require tenants to have General Liability Insurance. This coverage demonstrates your business's responsibility and protects the property owner from potential lawsuits arising from incidents on their premises. * Securing Business Loans: Financial institutions often view General Liability Insurance as a sign of a mature, responsible business. Having this coverage can make your business a more attractive candidate when applying for loans or lines of credit, and in some instances, it may even be a requirement to secure a loan. Choosing the Right Policy When selecting a general liability insurance policy, consider: * Industry-specific risks and appropriate coverage limits * Additional endorsements that might be necessary for your specific operations * The policy's coverage territory and whether it matches your business operations footprint Conclusion: Safeguard Your Business's Future with General Liability Insurance As a new business owner, your primary focus is on driving growth and realizing your vision for success. However, it's essential to also protect your venture with the right general liability insurance coverage. From customer injuries and property damage to advertising mishaps and legal challenges, a range of risks could significantly impact your ability to operate and expand. The right general liability policy not only provides vital financial protection but also demonstrates your business's commitment to responsible operations and professionalism. By investing in this coverage today, you're not merely safeguarding your assets—you're laying the foundation for sustainable growth and establishing credibility with stakeholders, clients, and partners. Don't wait until an incident occurs to recognize the value of proper insurance protection. Coverdash can help you secure the coverage your business needs to thrive. By leveraging our access to over 30 leading insurance carriers, we can provide you with customized general liability solutions at the best possible price. Get your free quote today and ensure your venture has the protection it requires to succeed.

Introduction New York, NY - June 6, 2023 - Since launching our SMB insurance agency earlier this year, Coverdash has observed a concerning trend within the startup community: a widespread and growing problem of underinsurance, overexposure, and lacking risk management practices. This issue has impacted founders, investors, and employees, leaving them vulnerable to potential losses and lawsuits. A recent study revealed that a staggering 75% of startups in the U.S. are underinsured by 40% or more. The Startup Underinsurance Conundrum The underinsurance problem amongst startups has compounded in 2023, as founders face challenging economic times. To preserve their runway, many startups have been forced to cut corners on proper risk management practices, unknowingly exposing themselves to significant downside risk. Recognizing the need for proper risk management practices in the startup ecosystem, Coverdash is on a mission to provide accessible solutions to all startups, regardless of their business life cycle (Pre-Funded through IPO). Since our launch earlier this year, Coverdash has already made a significant impact by assisting dozens of startups and founders in navigating the complex world of insurance. Coverdash's Mission and Solution True to our mission, Coverdash is now launching a startup insurance offering tailored specifically to the needs of each startup. Through Coverdash's digital insurance experience, startup founders can now source fully-bindable insurance quotes from the nation's leading insurance companies, all within minutes. This streamlined process saves valuable time and ensures that startups can obtain the coverage they need to protect their businesses effectively. Instant Decision Management Liability for Startups As part of this release, Coverdash is proud to be the first digital insurance provider of its kind to expand its core offering to include instant decision/instant bind Management Liability products, which are universally required by the venture capital community and other investors. These comprehensive solutions provide essential coverage for various aspects of a startup's operations: * Directors & Officers (D&O) Insurance: This coverage offers financial protection for a startup’s founders, executives, and board members against claims related to management decisions. It covers legal defense costs, settlements, and judgments, safeguarding personal assets in case of lawsuits alleging mismanagement or breach of fiduciary duty. This coverage is universally required by the venture capital and other investor communities. * Employment Practices Liability (EPLI) Insurance: EPLI protection guards against claims related to employment practices, such as discrimination or wrongful termination. It covers legal defense costs, settlements, and judgments, and may also include coverage for wage disputes and retaliation claims. * Fiduciary and Crime Insurance: This insurance provides financial protection for startups against claims related to employee theft, fraud, or embezzlement. It also safeguards against claims alleging breach of fiduciary duty or errors in employee benefits plans. Fiduciary and Crime insurance covers legal defense costs, settlements, and judgments, making it crucial for startups of all sizes that offer employee benefit plans. Full Suite of Coverage: Coverdash's Comprehensive Startup Insurance Offering With the addition of Management Liability (D&O, EPLI, Crime, and Fiduciary), Coverdash can now cater to the full business insurance needs of startups of all shapes and sizes across the nation. In addition to Management Liability coverage, Coverdash's full startup insurance offerings include: * General Liability: General Liability insurance provides essential coverage for startups against third-party claims for bodily injury, property damage, or advertising liability. It covers legal defense costs, settlements, and judgments, protecting the business from financial losses due to accidents, injuries, or damage caused by the startup's operations. This coverage is universally required by landlords and shared workspace providers. * Business Owner's Policy (BOP): A Business Owner's Policy is a comprehensive insurance package that combines multiple coverages into a single policy, tailored to meet the specific needs of startups. It typically includes General Liability insurance, Property insurance, and Business Interruption insurance. This all-in-one solution offers convenience and cost savings, providing coverage for common risks faced by startups. The liability coverage that is included is universally required by landlords and shared workspace providers. * Workers Compensation: Workers Compensation insurance is crucial for startups with employees. It provides coverage for medical expenses, lost wages, and rehabilitation costs if an employee suffers a work-related injury or illness. This insurance not only protects the employees but also safeguards the startup from potential lawsuits arising from workplace injuries. This coverage is a legal requirement in most states in the U.S. * Cyber Insurance: In today's digital age, Cyber Insurance is vital for startups that handle sensitive customer data or rely on technology systems. It offers protection against data breaches, cyberattacks, and other cyber risks. Cyber Insurance covers costs related to data recovery, legal expenses, notification and credit monitoring for affected individuals, and potential liability arising from a cyber incident. * Professional Liability Insurance: Professional Liability insurance, also known as Errors and Omissions (E&O) insurance, is essential for startups that provide professional services or advice. It offers financial protection against claims of negligence, errors, or omissions in the services provided. This coverage helps cover legal defense costs, settlements, and judgments, safeguarding the startup from potential lawsuits that could arise from professional mistakes or inadequate advice. Revolutionizing Risk Management Practices Coverdash's tailored startup insurance is set to revolutionize risk management practices within the startup community. By providing easily accessible and fully-bindable insurance quotes in minutes, founders can now focus on building their businesses with confidence, knowing that they have the necessary coverage to mitigate risks. In conclusion, Coverdash's launch of tailored startup insurance is a significant step towards addressing the rampant underinsurance problem within the startup community. By offering accessible and comprehensive insurance solutions, Coverdash aims to empower founders, investors, and employees with proper risk management practices and financial protection. With the addition of instant decision/instant bind Management Liability products and a range of other coverage options, Coverdash is ensuring that startups have the necessary coverage to thrive in today's challenging economic landscape. About Coverdash Coverdash is a fully digital business insurance agency that specializes in serving the insurance needs of businesses of all shapes and sizes. Coverdash's embedded technology enables any partner to host its end-to-end insurance experience with a single line of code. Coverdash is headquartered in New York and is a licensed insurance agency across all 50 states. Interested in partnering with Coverdash? Check out: https://www.coverdash.com/partner