{"id":32,"date":"2019-01-30T03:00:00","date_gmt":"2019-01-30T15:00:00","guid":{"rendered":"https:\/\/www.nestinsuranceagency.com\/blog\/?p=32"},"modified":"2019-01-30T13:22:32","modified_gmt":"2019-01-30T19:22:32","slug":"top-three-insurance-products-every-startup-needs","status":"publish","type":"post","link":"https:\/\/www.nestinsuranceagency.com\/blog\/top-three-insurance-products-every-startup-needs\/","title":{"rendered":"Top Three Insurance Products Every Startup Needs"},"content":{"rendered":"<p>In the fast-paced nature of the startup world, as an Amarillo, TX entrepreneur, it&rsquo;s easy to&nbsp;overlook the insurance products you need to protect your growing company. You should view, and maximize, your business insurance just like any&nbsp;other company asset.&nbsp;&nbsp;<\/p>\n<p>To start, as an entrepreneur, Nest Insurance Agency recommends that you put the&nbsp;following&nbsp;three forms of insurance coverage at the top of your must-have list:&nbsp;<\/p>\n<h3><strong>Comprehensive General Liability&nbsp;&nbsp;<\/strong><\/h3>\n<p>Comprehensive general liability insurance will protect your startup assets if an alleged claim is brought against you for:&nbsp;<\/p>\n<ul>\n<li>\n<p>Personal property&nbsp;loss&nbsp;<\/p>\n<\/li>\n<li>\n<p>Property damage&nbsp;<\/p>\n<\/li>\n<li>\n<p>Third-party bodily injury&nbsp;<\/p>\n<\/li>\n<li>\n<p>Advertising injury&nbsp;<\/p>\n<\/li>\n<\/ul>\n<p>The most valuable thing about comprehensive general liability insurance is that it requires your insurance company to provide or pay for your startup&rsquo;s legal defense if or when claims are alleged. Additionally,&nbsp;since many service contracts require at least $1 million in comprehensive general liability coverage, you&rsquo;ll need to purchase it anyway to&nbsp;secure&nbsp;contracts.&nbsp;<\/p>\n<h3><strong>Directors and Officers&nbsp;Liability Insurance&nbsp;<\/strong><\/h3>\n<p>While well-known and respected individuals can help you grow your company, they will generally demand that they are protected from any litigation that results from their business decisions. For example, Side A directors and&nbsp;officers&nbsp;liability insurance coverage will protect your officers and directors from any claim of &ldquo;wrongful acts&rdquo; which could have&nbsp;negatively&nbsp;impacted your company&rsquo;s value.&nbsp;Side &quot;B&quot; liability coverage will protect&nbsp;your&nbsp;company by indemnifying your director or officer&nbsp;and will pay for defense or indemnity costs. Side &quot;C&quot; liability coverage will protect your startup if it&nbsp;faces a shareholder\/class action suit over securities issues.&nbsp;<\/p>\n<h3><strong>Cyber\/Media Insurance&nbsp;<\/strong><\/h3>\n<p>Considering the high-profile hacking events seen in the business world recently, it&rsquo;s clear that cyber insurance is a must-have for any new startup. Cyber\/Media insurance is a policy that provides both indemnity and defense coverage in the event of a hacking incident. A Cyber\/Media insurance policy will also provide compliance services, crisis management, and regulatory notice and disclosure requirements if an incident occurs.&nbsp;&nbsp;<\/p>\n<p>For more information about how to protect your new Amarillo, TX startup, contact the insurance experts at Nest Insurance Agency today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the fast-paced nature of the startup world, as an Amarillo, TX entrepreneur, it&rsquo;s easy to&nbsp;overlook the insurance products you need to protect your growing company. You should view, and maximize, your business insurance just like any&nbsp;other company asset.&nbsp;&nbsp; To start, as an entrepreneur, Nest Insurance Agency recommends that you put the&nbsp;following&nbsp;three forms of insurance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5,6],"class_list":["post-32","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-amarillo-tx","tag-nest-insurance-agency"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/32","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/comments?post=32"}],"version-history":[{"count":1,"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/32\/revisions"}],"predecessor-version":[{"id":33,"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/32\/revisions\/33"}],"wp:attachment":[{"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/media?parent=32"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/categories?post=32"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nestinsuranceagency.com\/blog\/wp-json\/wp\/v2\/tags?post=32"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}