Purchasing business insurance isn’t exactly a top priority for most founders. Between generating some some good user traction, flushing out the revenue model, or closing the Series A round, insurance usually falls by the wayside. However, procuring the proper business insurance to protect your company can be critically important to your startup’s success.
During this season of giving, we want to give your company the gift of good legal health for 2015. Here is the Priori Legal holiday gift guide—a list of legal tasks to address that will set your company up for a successful and prosperous year.
Attracting the best potential hires can be challenging for a startup that has limited cash to use very strategically. It will never go out of style to have robust salary offerings, but more and more business owners are attracting job candidates by offering comprehensive benefits as well. Offering benefits can be extraordinarily valuable, because employers are able to offer group benefits that aren’t directly accessible to individuals.
When starting a business, founders focus almost entirely on getting their product or service out to the market. Of course, getting your business up and running is a priority, but it’s also important to be mindful of the legal implications of your business strategy. Consulting a startup lawyer sooner rather than later helps you avoid adverse legal consequences.
We’ve compiled a list of the top ten legal issues for which you might need a lawyer. While this list is by no means exhaustive, it does cover the typical legal needs of a startup company.
As an entrepreneur, your business idea is your most prized possession. When you form your entity and start conducting business, your technical know-how, marketing and growth strategy, R&D and company processes also become part of the gamut of things you want to keep under lock and key. But as your company grows, you may become increasingly involved with third parties with whom you must share some of this information.
We’ve partnered with some very cool companies that help small businesses and startups grow and succeed. They'll be writing a series of posts about their areas of expertise on our blog. This "Featured Tech" piece introduces the company behind the advice.
What is Founder Shield?
Founder Shield is a boutique commercial insurance brokerage that takes the stress out of getting insurance for venture-backed startups. We currently work with almost a thousand startups across the country (and a few across the pond!) backed by the leading VCs and accelerators in NYC, San Francisco, Chicago, Boston, Texas and more. We offer the full suite of commercial insurance products needed for when companies close their Series A round, land their first big customer, or sign the lease to their new office.
Social media is a modern-day behemoth, which can bring real value yet real risk to your company. Because of its tremendous reach and lasting imprint, a business must be proactive in addressing social media risks on two fronts: 1) managing and protecting its corporate social media accounts; and 2) managing the impact and legal liability of employee personal social media use, both on and off the job.
It is crucial to set out principles and guidelines to safeguard your social media assets in both of these regards. While the social media laws are still developing and inconsistent from state to state, a straightforward document called a Social Media Policy (SMP) will go a long way towards helping you protect your company’s social media worth.