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Considerations for Startups Seeking Insurance

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As startups grow, it’s imperative that they have a comprehensive insurance program to protect them from a myriad of risks. Startups often have a lack of initial capital, passionate but inexperienced management, and an intense focus on the product or service being offered. All of which makes not only insurance coverage, but a startup-specific insurance program, that much more important.  D&O Insurance Directors and officers liability insurance, also known as D&O insurance , protects, appropriately, the directors and officers of a business from personal financial risk should a lawsuit be filed against their business. The coverage provided by D&O insurance is designed to cover lawsuits alleging financial injury as a result of mismanagement. In turn, D&O insurance is often acquired by startups as a condition for venture capital investment. EPLI Insurance Employment practices liability insurance, also known as EPLI insurance , protects growing busine