Having insurance as a part of a contract with vendors, cities, partners, investors, and other professionals is common for VC-backed and non-VC-backed SaaS companies. When clients approach us with questions concerning their insurance requirements, we don’t fault them. After all,…
E&O is a type of professional liability insurance. It protects your company if mistakes and oversights occur. Since mistakes and oversights are more likely to occur during periods of rapid growth and extensive innovation, E&O insurance is important. The risk…
We’ve seen a lot of companies go from their friends-and-family financing round to Series A, B, C, and D funding rounds. As time passes, investors are added, revenue increases and the battle to scale up more and more complexity to…
As a SaaS company, you are likely aware of the cyber threats that are out there. Hackers are always looking for new ways to gain access to your data, and if they succeed, it can be disastrous for your business.…
Cybercriminals are increasingly targeting cloud-based tech companies as their popularity grows. SaaS companies collect and store data from thousands, if not millions, of clients, making them extremely vulnerable to cyber assaults. Traditional business insurance doesn’t cover claims caused by cyber…
Blackbaud, a SaaS company, was attacked by ransomware in May 2020, after which it successfully prevented the cybercriminal from blocking access to its system and fully encrypting files, forcing the intruder to flee. The attacker took a copy of a…