Insurance rarely makes the top of a technology founder’s priority list. It tends to get deferred until a contract deadline or investor requirement forces the issue. That delay has real consequences: risk begins the moment your business does, and the coverage that matters most takes longer to put in place than most founders expect.
This article from eSpecialty Insurance is directly relevant to ITA members building technology companies in or adjacent to insurance. It covers the key insurance categories that tech startups need to understand: Errors and Omissions (E&O) and cyber insurance as the core coverages for most technology businesses; general liability, which is commonly required by enterprise clients and landlords; and Directors and Officers (D&O) and Employment Practices Liability (EPL), which become increasingly important as teams and cap tables grow.
Critically, the piece addresses sequencing: which coverages matter at which stage of company development, and how to avoid both over-buying early and under-protecting at exactly the moment a client or investor asks for proof of coverage. It also highlights the risks of treating insurance as a commodity, where policies with missing or poorly structured coverages can leave significant business activity unprotected without anyone realizing it until a claim arises.
For any ITA member who is building, funding, or advising an InsurTech startup, this is a useful and practical read.
Read the full article at: https://especialty.com/industry-insights/how-tech-startups-should-think-about-their-own-insurance/
