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Startup Insurance

Regardless of whether you’re just getting started or just secured your Series-C funding, your startup faces countless risks daily.

Startup insurance from Tomins is designed with this truth in mind.

We take the unique circumstances of your business into account, making sure we deliver a policy that has you covered in a way that only custom-tailored insurance can. Because you deserve an insurance partner that works as hard as you do.

Tomins — mindful insurance today, successful startup tomorrow. 

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Why Startup Insurance?

While certain areas require various forms of business insurance by law, Startup Insurance is a critical consideration even in those areas that do not.

Considering the high prevalence of lawsuits and challenges of managing diverse personalities in the tech space, the risks involved with running a startup are too real to ignore.

From fostering peace of mind for your investors to protecting your bottom line when the unexpected inevitably comes knocking, Tomins has you covered.

Our deep understanding of the unique insurance needs of a Startup helps us design the perfect insurance policy for your specific business operation.

Rather than take the one-size-fits-all approach of most other firms, Tomins delivers custom coverage policies for each business we work with.

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A small white dog sitting in front of a laptop, flanked by two women also working on laptops at a white table in a startup office

What Startup Insurance Coverages do I Need?

The best way to achieve a big-picture understanding of the coverages that make sense for your business is with the help of a seasoned business insurance specialist.

Our team is standing by to answer your questions now.

That said, we realize you may want to want to investigate your options before deciding on a course of action. With that in mind, the following guidelines represent a good starting point:

As a baseline of protection, all startups should carry:

  1. Commercial Property Insurance: Commercial property insurance for startups covers your office, property, and assets in the unfortunate case of a loss or damages.
  2. Startup General Liability Insurance: General liability insurance is one of the most common and important coverages in the small-business world — well beyond the world of insurance for startups. It should generally be included in every small-business insurance policy. General liability coverage can protect you against financial loss from lawsuits filed against your business.
  3. Business Income Insurance: Perhaps one of the most important coverages for a bootstrapped organization, this insurance is designed to protect an electrician against an unexpected loss of income. For example, in the unfortunate case of a flood at your office, your business income insurance would help cover lost wages while you rebuild or recover.

Most startups should also seriously consider carrying Directors & Officers and Key Person coverage. Large startups in B-series or C-Series Funding should look at Employment Practices Liability (EPLI) and Commercial Crime coverage.

In many cases, a startup can save money on their premiums by opting to bundle their coverages into a commercial package.

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Other Startup Insurance Coverage to Consider

Because the needs and risk exposure of each startup is different, it’s important to carefully consider the operational scope of your organization before deciding on a coverage package.

Some other startup coverage options offered by Tomins include, but are certainly not limited to:

Tomins offers fully customizable coverage for any individual situation.

Our startup insurance specialists are ready to answer your questions and help you better understand the best course of action for your organization now.

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How Much does Startup Insurance Cost?

It depends.

As you now know, Tomins takes a consultative approach to business insurance. Rather than rely on a blanket policy that may or may not fit the needs of a client, we take a look at a business’ unique risk exposure before custom-tailoring a plan to their specific operations.

Regardless, you’re ready to get your custom Startup Insurance quote today, Tomins has you covered.

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What you Need to Get your Startup Insurance Quote Today

At Tomins, we are in the business of making startup insurance easy. Start your free, personalized insurance quote now at our online quote page. To make sure we can provide the most accurate and competitive quote possible, it helps to make sure you have the following information available when you apply:

  • Business address and tax ID 
  • Income for your most recently completed fiscal year 
  • Number of employees you currently employ
  • Information about other insurance you currently hold
  • Volume, nature, and storage method tenant or client data  
  • Proof of professional licensing and other relevant certifications or permits  
  • History of past claims (at least three years) 

You deserve an insurance partner that works as hard as you do.

Tomins—mindful insurance today, successful startup tomorrow.

Get a Quote Now Talk With Us Today