Let’s not sugar-coat this. Your bank has cyber insurance. Great. And because of the GLBA passing in 1999, it’s possible you even have an insurance team who source the cyber insurance for you. But there’s something lurking in those policy…
Let’s be honest. As much as you want to save on your insurance costs, what you really want is control over your costs. It pains you to trust someone else to shop for you and you don’t know enough about…
Where should we start? I wanted to find an outlet to write about the more nuanced approach to cyber insurance with blended professional liability. The more I write on LinkedIn, the more I understand that it’s less about how technical…
Artificial intelligence refers to the simulation of human cognitive functions by machines, changing everything in business by automating and giving insights. Businesses use AI for automation, customer analysis, marketing, and financials. But artificial intelligence in business also brings cybersecurity risks…
Intellectual property insurance protects your business from the costs of IP infringement claims, covering legal fees and settlements. If your company relies on patents, trademarks, copyrights, or needs to protect the company’s intellectual property, this insurance is crucial. This guide…
The Rule of 40 is a key metric for SaaS companies. It combines the company’s growth rate and profit margin. If their total is 40% or more, the company is considered healthy. In this article, you’ll learn what the Rule…
A D&O tail policy extends the insurance coverage for directors and officers beyond the policy’s expiration. This coverage is crucial during mergers, acquisitions, or ownership changes, protecting leaders from lawsuits over past actions. By understanding how a D&O tail policy…
Reps and warranties insurance (RWI) is a crucial aspect of mergers and acquisitions (M&A), offering protection against financial losses from seller misrepresentations and breaches of seller’s representations. It transfers risk from the seller to the insurer, making deals easier and…
As the world increasingly moves towards a subscription-based model, it’s important for businesses to understand how to properly account for their SaaS products. This article will cover the basics of accounting for SaaS companies, including revenue recognition, deferred revenue, and…
Beginning in 2023, Lloyd’s of London will require its members to exclude catastrophic, state-based cyber attacks from its cyber insurance policies. This is controversial and will cause many problems from day one. Undoubtedly, there will be a lot of litigation over…