Startups can be among the riskiest businesses to insure. That’s because they operate in new markets and often with untested business models. Even worse, they often grow very quickly into unknown areas with unknowable risks. For all these reasons entrepreneurs and innovators can sometimes find it hard to access the type of financial protection they need. This is a particularly pressing issue in the fast-track, fast-fail world of technology. Despite these challenges there are plenty of underwriters who are looking for new types of risk to insure. Insurance is also a highly competitive marketplace, and underwriters are in fierce competition…
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