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…
A cyber risk score is a numerical representation of a SaaS company’s risk of suffering a data breach. It is calculated using a variety of factors, including the type and number of sensitive data stored, the level of security measures…
As SaaS companies increasingly become the target of cyber attacks, it is essential for them to properly assess their cyber risk. There are a number of factors to consider when assessing cyber risk, including the type of data being stored,…
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…
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,…
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…