A tail policy is one of the most important risk management tools for a SaaS company approaching an exit. Every founder’s mission is pretty much the same: gain some early traction, scale rapidly, and seize an exit opportunity. Unicorns are…
This is a situation that is familiar to almost any SaaS company — an employee lawsuit. Whether real or perceived, sexual harassment, discrimination, wage, overtime, and wrongful termination are all situations that may cause a lawsuit. According to Hiscox, the…
Business insurance for SaaS companies helps founders protect their investors, clients, employees, property, and the company from liability and lawsuits as their SaaS expands. What type of insurance do you need, when, and why? The following list covers the most…
A D&O claim can cost your SaaS company millions, or even tens of millions of dollars in damages. A recent report by the trade journal Business Insurance indicates that D&O claims are becoming more and more prevalent. When leading a SaaS…
It’s crucial to have everything in order before you begin a Series A funding round. Whether you’re picking VCs or creating the perfect pitch deck, being prepared is necessary. When it comes to the term sheet, however, your negotiating abilities…
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…