Tech Startup Companies

Customized insurance solutions for your needs

In the past 25 years, we have seen the introduction and development of the most successful tech startup companies. A successful startup company safely and effectively manages risks in their industry and within their company. One of the best ways to minimize your peril is to purchase the following types of insurance:

Cyber Insurance

As a new company in the tech world, you most likely us to a digital platform to store all of your files and data. Although digitized platforms create an easier to way to stay organized, they do pose a different issue – one that pertains to security. Data breaches do not always have the same impact on businesses, but all result in privacy being compromised. Cyber liability insurance can help policyholders pay for investigations, compensation for clients who have had their privacy breached and soft/hardware replacements.

Property Insurance

Making sure that your building is properly insured in the event of a disaster is critical to any business, not just startups. But for a tech startup, destruction to your facility can limit the amount of time you can put into your work. Property insurance can cover damage and repair costs following a fire, flood or storm damage. Be sure to check if your policy will cover criminal damages, like vandalism and other malicious acts. If you are unsure, one of our isure brokers will be happy to go over your policy with you!

Property Insurance

Making sure that your building is properly insured in the event of a disaster is critical to any business, not just startups. But for a tech startup, destruction to your facility can limit the amount of time you can put into your work. Property insurance can cover damage and repair costs following a fire, flood or storm damage. Be sure to check if your policy will cover criminal damages, like vandalism and other malicious acts. If you are unsure, one of our isure brokers will be happy to go over your policy with you!

General Liability Coverage

While general liability coverage is not as exciting as intellectual property insurance, it’s every bit as important to a startup company. In the event that an accident takes place on your property or you damage property, your general liability policy will help you cover the associated costs, be it legal or replacement. General liability insurance does not cover any costs or damage fees associated with business errors, like negligence or malpractice. For coverage that protects you from negligence and malpractice claims, you will need professional liability insurance.

Intellectual property insurance

As a tech startup company, a lot of your business model results from the creativity of the mind. Once your gifted thoughts begin to all come together, it is essential to protect them from prying competition who may want to capitalize on your ideas before you have the chance to. To protect your company against this, you can patent, copyright and trademark all aspects of your business to prevent others from stealing your ideas. Though defending your intellectual property can get expensive; that’s where having intellectual property insurance comes in.
Intellectual property insurance covers the two main costs associated with intellectual property. The first being infringement defence, and the second being abatement enforcement coverage. With intellectual property insurance, in the event where you have infringement claims served to you, funds can be used to pay for legal fees. Abatement enforcement coverage can cover costs associated with defending an IP claim.

Intellectual property insurance

As a tech startup company, a lot of your business model results from the creativity of the mind. Once your gifted thoughts begin to all come together, it is essential to protect them from prying competition who may want to capitalize on your ideas before you have the chance to. To protect your company against this, you can patent, copyright and trademark all aspects of your business to prevent others from stealing your ideas. Though defending your intellectual property can get expensive; that’s where having intellectual property insurance comes in.
Intellectual property insurance covers the two main costs associated with intellectual property. The first being infringement defence, and the second being abatement enforcement coverage. With intellectual property insurance, in the event where you have infringement claims served to you, funds can be used to pay for legal fees. Abatement enforcement coverage can cover costs associated with defending an IP claim.





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