Insurance for Venture-Backed Startups

Get business insurance with optimized coverage to meet your exact needs

Prefer to speak with a CoverWallet consultant? Call (646) 844-9933 anytime.

According to a recent survey, one of every four private companies in the United States experienced a Directors & Officers (D&O) liability loss during a three-year period. This threat is especially relevant to early-stage (Seed to Series C) startups, who have specific needs that often are not addressed by the existing products in the market. Startups have a difficult time procuring insurance coverage due to a limited financial history. As a result, they are often presented with limited business insurance options, as well as expensive premiums and minimal limits.

CoverWallet offers a customized bundle with the right coverage for a startup’s executive teams that meets the coverage needs of modern-day technology startups. We take a data-driven pricing approach to be able to offer highly competitive pricing, and our team of startup insurance experts are available to walk you through the process and different coverage options

By providing protection against specific types of liability that other policies don’t address, executive liability insurance can save your business the expense of costly litigation and claim settlements, as well as help protect your company’s hard-earned reputation.

Management Liability Insurance

What is covered by Management Liability?

From injury claims to property hazards and professional perils, the long list of unplanned situations and circumstances makes every business exposed to certain risks and liabilities. An insurance policy specifically designed to cover management liability picks up when General Liability policies leave off, protecting businesses and key officers against claims along with associated expenditures. The Management Liability Startup Package is a combination of three different types of insurance: Directors and Officers Insurance, Employment Practices Liability Insurance, and Fiduciary. Management Liability is a combination of three different types of insurance:

Advantages of CoverWallet’s Startup Insurance Package for VC-backed companies

  • Save Money and Time

  • Proprietary algorithm

  • Admitted Insurance

Detailed product comparison to closest competing products



Management Liability* CoverWallet Competitors
Admitted Market Yes Sometimes
Aggregate Limits $5 million $3-5 million
Directors & Officers Coverage(Past, Present, Future) Yes Yes
VC-Based Qualifier Yes Sometimes
Wage & Hour Yes Yes
Failure to Promote Yes Yes
Fiduciary Coverage Yes ($5 million Limit) Sometimes ($3 million Limit)



The information contained in above and this document is based solely upon review of publicly available sources and those forms filed in SERFF as of 3.4.2020. The forms and coverages provided by competitors are subject to change.

Additional benefits:

  • Rating Factor

  • Broad Subsidiary language

  • Employee Stock Ownership Plans

  • Lowest Retention amounts

  • Wage & Hour coverage

  • Third-Party Coverage

  • In line with Evolving organizational structures

Act Now, Get Protected Easily, Quickly and Affordably

See how much you could be saving, with best in class insurance partners.

Start your application and get a free quote in minutes.

Or call (646) 844-9933 anytime.

Get protected easily with CoverWallet

Why do I need Management Liability?

Losses related to the actions of directors and officers are more common than many realize. A single loss could be devastating to a growing business. Without proper protection, including directors indemnity insurance, businesses face sizable exposure that can affect cash reserves, working capital, or even personal assets.

In most cases, businesses face D&O related lawsuits from customers. But vendors, government agencies, regulators, partners, and shareholders can also file legal claims against your company. Costly litigations, lengthy court process, legal defense costs, and damage to your business reputation all wear on a business, causing a decrease in productivity and a decrease in morale. Without the coverage provided by directors and officers liability insurance, even a simple allegation, regardless if it’s true or not, can be costly, and time-consuming, and an unproductive distraction from the needs of the business.



Disclaimer: COVID-19 has resulted in restrictions to the insurance program and not all coverage above may be currently available.

We are making headlines!

Already insured?

No worries, keep your insurance, just get an account with us to manage your policies, certificates of insurance and more

Get CoverWallet »

Need help? Get free advice

Understand in 10 seconds what type of insurance your industry needs, and why

Insurance Assessment »

Businesses Love CoverWallet

Our mission is to help small businesses to be better protected, informed and served. See what our customers are saying.

Testimonial John White

Personalized Service

5 stars service

John White, Restaurant Owner

I didn’t know what type of insurance I needed for my new business so I called CoverWallet and the agent provided me with everything in under an hour!

Testimonial Laura Campbell

Quick and Easy!

5 stars service

Laura Campbell, Distributor

There is nothing more that CoverWallet could have done to make the process any faster or easier. They made it as painless as possible.

Testimonial Anthony Williams

Honest and Transparent

5 stars service

Anthony Williams, Contractor

I was extremely satisfied with all services and communications with customer support. I would definitely recommend to others. Thank you CoverWallet!

The Power Behind CoverWallet

Algorithms, Science, Magic
Customized, Intelligent Application
Endless Experience!

Algorithms, Science, Magic!

You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.

Customized, Intelligent Application

We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.

Endless Experience!

We are proud to be part of Aon, the leading global professional services firm providing advice and solutions in Risk, Retirement and Health. With us, you’re in good hands!

Peace of Mind, At Your Fingertips

CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.

why coverwallet

Are you ready to get down to business?

Start your application and get a free quote in minutes or call (646) 844-9933 anytime.