When a new company moves to secure funding and formalize operations, insurance is often an afterthought. But with a bit of effort, emerging companies can obtain strong insurance protection, maximize their existing coverage, and make themselves more attractive to future investors and other partners. Emerging companies should focus in particular on commercial general liability, data privacy and cyber liability, errors and omissions liability, directors’ and officers’ liability (D&O) and, depending on the number of employees, fiduciary liability and employment practices liability policies. An effective risk management strategy will also depend on strong external support from insurance brokers and counsel.

In the article 5 Insurance Tips for Emerging Companies published by Risk Management, I discuss five best practices for getting started on an insurance program.

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Photo of Erica Villanueva Erica Villanueva

Erica has extensive experience handling claims under a variety of insurance policies, including general liability, directors’ and officers’ liability, aviation, employment practices liability, property and business interruption policies. She works with policyholders to ensure that their claims are properly presented to insurers, in…

Erica has extensive experience handling claims under a variety of insurance policies, including general liability, directors’ and officers’ liability, aviation, employment practices liability, property and business interruption policies. She works with policyholders to ensure that their claims are properly presented to insurers, in order to obtain the maximum possible insurance recovery. Erica advocates on behalf of her clients to resolve any coverage disputes that may arise during the course of a claim, taking a practical and proactive approach to negotiation with insurers. In cases where a negotiated resolution is not possible, Erica litigates insurance coverage disputes. She has substantial coverage litigation experience, both at the trial and appellate levels.