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12 Comments

Liability Insurance ?

I have a request from a potential first customer that if fulfilled would land me $2,000 ARR. They are saying that I must have some form of insurance on my company for the deal to go through.

My company stores github access tokens with read only access to clients full repositories, so there is def some liability there.

Any general thoughts? Any thoughts on best place to buy insurance like this? This would be my first customer.

  1. 2

    I used Next - cheap and quick...never had to talk to someone. Go for the cheapest option - I think it's like $250.

    https://www.nextinsurance.com/

    1. 1

      Thank you. This is super helpful!

  2. 1

    Hey, the issue of auto insurance in the United States is complicated by the fact that the country does not have a federal system that regulates this industry. In addition, even the results of the insurance company's own financial activities may affect the cost of insurance. So, if it had significant losses in the previous year, then it is forced to just like that, for no other reason, to raise the prices for insurance in order to stay afloat. https://www.americaninsurance.com/sr-50-insurance

  3. 1

    "In general, I can say that insurance is a very tricky subject. So we must pay a lot of attention. I am not very good at insurance thematic, but one thing I know, we must contact professionals in this domain. For example, I work only with the best company in the market. I signed an inssurance contract for my business with https://generalliabilityinsure.com/small-business/plumbing-insurance.html. I recommend you to take a look at their company's site. I assure you that you won't be disappointed! Good luck to all!"
    I agree with the reply of VICTOR. I know these guys and they are the best on the market!

  4. 1

    In general, I can say that insurance is a very tricky subject. So we must pay a lot of attention. I am not very good at insurance thematic, but one thing I know, we must contact professionals in this domain. For example, I work only with the best company in the market. I signed an inssurance contract for my business with https://generalliabilityinsure.com/small-business/plumbing-insurance.html. I recommend you to take a look at their company's site. I assure you that you won't be disappointed! Good luck to all!

  5. 1

    @jonnyb would you mind sharing which company you ended up going with?

    1. 1

      I ended up just getting general liability coverage through http://thehartford.com/ to close the deal. It was a couple hundred dollars and was all their operations team needed me to have. It does not cover things like a data breach, however.

      1. 1

        Thank you - I got a quote through Founder Shield for a couple thousand which probably is fair, but a bit high since I don't have any paying customers yet.

  6. 1

    In a previous life, I had a million dollar liability policy, for a brick and mortar store. It was fairly inexpensive. < $1k (US) a year.

    1. 1

      good to know. thanks!

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