Secure the essential insurance policies (E&O/professional liability and D&O) that protect your company, directors, and investors from catastrophic financial risk.
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There are two types of insurance products that Golden Section, in particular, recommends purchasing in order to protect your investment and company. The first is Errors and Omissions (E&O) Insurance. An E&O policy protects your company, employees and other professionals against claims of inadequate work or negligent actions. E&O Insurance is professional liability insurance for tech companies. There are many types of professional mistakes that could potentially cost your customers time and money; you want to protect yourself from such claims.
Your company should also have Directors & Officers (D&O) Insurance. A D&O policy protects the personal assets of your directors and officers, and their spouses, if they are personally sued by employees, vendors, competitors, customers, investors, etc for wrongful acts in managing the company. Most directors won't agree to join your Board of Directors without a D&O policy in place.
Having such insurance policies in place to protect your company and personal assets is wise. Additionally, when you look to raise your first round of funding, any potential investor will want to see these policies in place to protect their investments as well.
The goal: Purchase the right kind of insurance products to protect the investment.
How can Golden Section Assist? Golden Section's venture partner can assist here.
Secure the essential insurance policies (E&O/professional liability and D&O) that protect your company, directors, and investors from catastrophic financial risk.
Your company should also have Directors & Officers (D&O) Insurance. A D&O policy protects the personal assets of your directors and officers, and their spouses, if they are personally sued by employees, vendors, competitors, customers, investors, etc for wrongful acts in managing the company. Most directors won't agree to join your Board of Directors without a D&O policy in place.
There are two types of insurance products that Golden Section, in particular, recommends purchasing in order to protect your investment and company. The first is Errors and Omissions (E&O) Insurance. An E&O policy protects your company, employees and other professionals against claims of inadequate work or negligent actions.
Secure the essential insurance policies (E&O/professional liability and D&O) that protect your company, directors, and investors from catastrophic financial risk.
Having such insurance policies in place to protect your company and personal assets is wise. Additionally, when you look to raise your first round of funding, any potential investor will want to see these policies in place to protect their investments as well.