Venture Capital Insurance Cheaper for Some than Others
In a previous post I discussed how we have found that many Venture Capital firms pay more for insurance than they should – often for policies that don’t even properly address the risks of their company. The National Venture Capital Association just circulated an illustration with 9 specific examples of their member firms who, through the VentureInsure program, have saved as much as 57% on their insurance costs (where’s that Geico lizard now??), while getting better coverage.
Check this out – this represents only the basic office coverage such as General Liability, Property, Umbrella. Venture Capital insurance policies such as D&O and Professional Liability are not included in this illustration – however it is worth noting that historically the savings on that line of coverage, when moved to VentureInsure, has averaged more than 20%….