“Technological evolution is the result of our own desire to lead a better life.”
- R.S. Amblee
Whether you are in startup mode or raising rounds, insurance is critical to ensure you are covered for liability, cyber, property and other circumstances that may arise out of the course of business or your products. Many policies are required by contract such as signing a lease, vendor requirements, hiring employees, or closing a funding round. At NextGen, we believe that understanding, securing and maintaining insurance should be simple and we aim to accomplish that with you in mind. Contact us no matter what stage you are in to see how we can work together.
Common types of Technology coverage
General Liability.
Bodily injury and property damage are not typically big exposures for technology-related businesses, but will always be required by contract. If you lease an office or are required to carry insurance by customers, you need General Liability.
Professional Liability.
Also known as Errors and Omissions or E&O this is your oops coverage for your product and services. This is vital to protect from potentially large losses and typically required by contract.
Directors & Officers Liability.
If you are taking on investors, D&O is essential for your protection and theirs. This coverage protects directors and officers from liability due to business decisions that cause financial loss.
Employment Practices Liability.
Wrongful termination, discrimination, and harassment are just a few reasons you need this coverage. As your business and employee count grows, this is more of a must than a nice to have coverage.