Startup

Don't let unnecessary business risks make your founder journey bumpier than it needs to be

Everything you need

Why do startups need insurance?

Startups are often left in the dark when it comes to protecting what they have built. No matter what type of startup you operate or whatever stage (Pre-Funded to Series D+), each one comes with a particular set of common risks. Obtaining the right insurance is crucial to protect your startup from:

Investor Requirements

Venture capital and other investor requirements

Contractual Requirements

Lender or lease requirements

Lawsuit

Reputational damage and customer lawsuit

Accidents

Employees accidents and injuries

Loss Prevention

Lost, stolen, or damaged property and inventory

Defects

Defective or malfunctioning products
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What does startup insurance cover?

Choosing the right startup insurance can help protect you from costly risks and liabilities, the right policies for your business will depend what product you sell, what services you offer, and where you are located.

Here are some of the most popular insurance policies for startups, covering the most common risks you'll face as a startup:

Directors & Officers (D&O)

Protection of personal assets of founders, executives, and board members resulting from lawsuits and legal claims against them.

Employment Practices Liability (EPL)

Protection from allegations of wrongdoing by and between managers and employees (wrongful termination, discrimination, harassment claims).

Fiduciary

Protection against claims related to managing or administering employee benefits plans.

Crime

Protection and coverage for employee theft, forgery and fraud.

Cap Table Disputes

Protection against shareholder lawsuits, such as those related to ownership or equity distributions, M&A, or changes in corporate governance.

What types of startups do we cover?

  • SaaS

    Fintech

    Insurtech

    Payments

    AI

    Machine Learning

    Internet of Things (IOT)

    VR/AR

  • Blockchain

    Crypto

    Cybersecurity

    App Development

    Healthtech

    Edtech

    And More

How much does startup insurance cost?

Coverdash helps you identify the appropriate coverage to suit your startup needs without breaking the bank. The exact amount you pay will depend on:

  • The type of startup you operate
  • Your revenue and employee payroll
  • Your number of employees
  • Your business location
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Summary

This page outlines the importance of insurance for startups, detailing common risks such as investor requirements, lawsuits, and product defects. It explains that startup insurance can cover liabilities and lists popular policies like Directors & Officers and Employment Practices Liability. The page also specifies the types of startups covered and factors influencing insurance costs.

Key Facts

Frequently Asked Questions

Why do startups need insurance?

Startups are often left in the dark when it comes to protecting what they have built. No matter what type of startup you operate or whatever stage (Pre-Funded to Series D+), each one comes with a particular set of common risks. Obtaining the right insurance is crucial to protect your startup from Investor Requirements, Contractual Requirements, Lawsuit, Accidents, Loss Prevention, and Defects.

What does startup insurance cover?

Choosing the right startup insurance can help protect you from costly risks and liabilities. The right policies for your business will depend on what product you sell, what services you offer, and where you are located. Popular insurance policies for startups include Management Liability (Directors & Officers, Employment Practices Liability, Fiduciary, Crime, Cap Table Disputes).

What types of startups do we cover?

Coverdash covers a wide range of startups including SaaS, Fintech, Insurtech, Payments, AI, Machine Learning, Internet of Things (IOT), VR/AR, Blockchain, Crypto, Cybersecurity, App Development, Healthtech, Edtech, and more.

How much does startup insurance cost?

The exact amount you pay for startup insurance will depend on the type of startup you operate, your revenue and employee payroll, your number of employees, and your business location.

Related Entities

Companies
Coverdash
Products
Directors & Officers, Employment Practices Liability, Fiduciary, Crime, Cap Table Disputes
Technologies
SaaS, Fintech, Insurtech, Payments, AI, Machine Learning, Internet of Things (IOT), VR/AR, Blockchain, Crypto, Cybersecurity, App Development, Healthtech, Edtech