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September 04, 2020

Three Things with Travis Holt: Insurance For Startups

21 minutes

Three Things is a Vela Wood podcast where we ask leaders in the startup and small business communities three questions related to their experience with entrepreneurship.

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In this episode, we talk with Travis Holt, the co-founder of Brush Creek Partners, a commercial insurance and risk management firm in Kansas City, about insurance needs for early-stage companies. We discuss the three core policies SaaS companies need, the current D&O insurance market, and key exclusions to look for in a policy. You can connect with Travis on LinkedIn here.

Time Stamps

1:40 – Standard Categories of Business Insurance

3:35 – General Liability Policies

7:40 – Insurance for Professional Services Businesses

8:30 – Cyber Liability Policies

10:20 – Three Core Policies For SaaS Companies

12:35 – D&O Insurance (Investors Require)

14:30 – Relying on Expertise of Broker

15:26 – Beware of Exclusions / 3 Reasons Carriers Exclude

17:08 – Exotic Insurance (Wimbledon’s Event Cancellation Policy)

18:05 – Beware of Potential Clients’ Egregious Insurance Requirements

20:20 – Wrapping Up