1. Tech industry

ISU Massie & Beck is a leader in the tech industry, offering comprehensive coverage tailored to the precise risks faced by tech startups.

We have decades of experience crafting robust policies that help protect entrepreneurs from financial losses associated with security breaches, system shutdowns, and more.

Our team of knowledgeable agents is well-versed in the complex policy language needed to provide these specialized coverages, allowing us to craft innovative coverages that meet each customer’s unique needs.

2. Cyber Liability

Cyber liability is a growing concern for businesses of all types and sizes. According to IBM, the average cost associated with a data breach in 2022 is $4.6 million.

Our insurance company understands the potential risks posed by hackers, malware, and other malicious activities, and provides our customers with comprehensive coverage that helps protect their operations from financial losses related to cyber-attacks.

We provide coverage for regulatory defense and settlements due to a breach, system restoration costs, lost profits from shutdowns caused by a breach, customer notification expenses, and more.

Additionally, we offer a variety of specialized services such as computer forensics and legal advice that can help businesses determine exactly what happened in the event of an attack.

Our team of knowledgeable agents have decades of experience crafting custom policies that meet each customer’s unique needs at competitive prices designed to fit any budget.

Cyber Liability

3. Data breach

At our insurance company, we understand the need for customers to find cost-effective coverage for cyber liability, so we offer a variety of policies designed to meet their specific needs.

Our policies are tailored to each customer’s individual risk profile and may include coverage for regulatory defense and settlements due to a breach, system restoration costs, lost profits from shutdowns caused by a breach, customer notification expenses, and more.

Additionally, our knowledgeable agents can help customers identify additional services such as computer forensics and legal advice that can be added to their policy at an affordable rate.

Contact us now to get started!

Our knowledgeable agents are here to help you identify the most suitable policy for your business.

Data Center Insurance

Monday – Friday 8am- 5pm PST

Speak with a licensed insurance agent: 1-925-283-5750

Common types of insurance for tech startups:

General liability insurance is an important form of financial protection that helps to mitigate the risk associated with potential losses related to bodily injury, property damage, and personal or advertising injury caused by the insured’s negligence.

When an incident occurs, it covers the costs of legal defense, court judgments, and settlements up to the limits of the policy. It also provides coverage for any medical expenses incurred as a result of accidents on your property. Additionally, general liability insurance can often protect businesses from potential reputational damage resulting from negligent acts committed by employees or third parties.

Professional Liability Insurance (PLI), also known as Errors and Omissions Insurance, is a form of financial protection intended to safeguard business owners from the risk of claims related to their professional services.

PLI covers the costs of legal defense, judgments, and settlements for disputes arising from professional mistakes or negligence, intellectual property infringement, and other damages caused by the insured’s services. It is an essential form of coverage for professionals in any industry, providing them with financial protection in case of a lawsuit.

Business Interruption Insurance, also known as Business Income Insurance, is a type of insurance policy designed to protect business owners from the financial losses that can be incurred when their operations are interrupted or suspended due to an unexpected event.

This type of insurance provides coverage for lost income and extra expenses incurred during the disruption period resulting from a variety of risks such as fire, flood, and other disasters. In addition to covering lost profits and expenses, business interruption insurance often also covers employee wages and additional costs associated with relocating the business or continuing operations in another form.

Key Person Insurance, also known as Key Man Insurance, is a type of life insurance policy that provides financial protection to businesses in the event of the sudden death or disability of an essential employee. It is designed to ensure that the business continues to operate smoothly and sustain itself financially in the absence of a key player such as a partner or CEO. The proceeds from the insurance can be used to fund recruitment costs, train new personnel or find a replacement for the deceased employee.

Cyber Liability Insurance is a form of insurance that provides businesses with coverage for risks related to data breaches, cyber-attacks, and other types of cybercrime.

This type of insurance protects businesses against the costs associated with responding to an attack, restoring damaged systems and data, paying legal fees, and providing compensation to affected customers. Cyber liability insurance can help mitigate the financial losses associated with a data breach or other cyber-attack.

A Business Owner’s Policy (BOP) is a type of insurance policy designed to provide protection for small business owners. BOPs typically include coverage for property, liability, and crime, as well as optional coverage such as business interruption, general liability, and product liability.

The policy also generally includes additional resources like risk management services and access to legal advice. A BOP can provide the financial protection small business owners need in the event of an unexpected loss or accident.

Commercial Property Insurance is a type of insurance policy that provides coverage for physical assets such as buildings, equipment, business inventory, and other property owned by a business.

This type of insurance helps businesses protect against damage to or loss of their property due to natural disasters, fire, theft, vandalism, and other perils. Commercial Property Insurance typically covers the cost of repairs or replacements of the damaged items as well as any legal fees associated with the incident.

Disability Insurance is a type of insurance policy that provides financial help to individuals who become incapacitated due to injury or illness. This type of insurance helps provide income protection in the event the insured individual is unable to work due to a disability.

Disability Insurance policies typically cover a portion of an individual’s regular income, often up to 60%. They may also include additional benefits such as death and dismemberment coverage, long-term care coverage, and rehabilitation costs.

Unemployment Insurance is a type of insurance policy that provides financial benefits to individuals who have lost their job through no fault of their own. This type of insurance helps provide some income protection for individuals who are out of work and may be having difficulty finding new employment.

Unemployment Insurance typically pays a weekly stipend for up to 26 weeks, depending on the individual’s state’s maximum benefit period length. Additionally, the money provided by Unemployment Insurance may also cover related expenses such as transportation costs or career counseling fees.

Workers’ Compensation Insurance is a type of insurance policy that provides financial benefits to workers who have been injured or become ill on the job. This type of insurance helps provide income protection by covering medical costs, lost wages, and in some cases rehabilitation expenses. Workers’ Compensation Insurance can also provide death benefits to individuals killed while working, as well as dependents’ benefits if a worker’s illness or injury results in their death.