Growth Stages

Check out the stage descriptions below to learn what tech startup insurance coverages you should be considering for your Massachusetts business based on the growth-stage that your business is in.

Founder

If it’s all you, maybe you have a co-founder and an employee or two. You’ve tapped your savings and hit up your closest friends. The coffee shop is your office or you utilize co-working space. You’re pre-launch, and you are a regular at startup showcases working to get noticed. Your Massachusetts tech startup insurance needs most likely include:

  • General Liability
  • Errors & Omissions
  • Cyber Liability

Seed

If all of those meetings paid off and you’ve raised your first institutional round. You’ve hired your fellow C Level execs. You are wondering where should we put the ping pong table in the new office, and your organic user growth is through the roof. At this stage, your Massachusetts tech startup insurance needs most likely include:

  • General Liability
  • Errors & Omissions
  • Cyber Liability
  • Directors & Officers
  • Key Person Life Insurance

Scale

If you’re growing fast and focused on your KPIs. You’ve closed multiple rounds or are in a position to do so. Hiring the right people is a main priority for you. Customer acquisition costs are dropping and customer engagement is rising. Unsolicited offers to buy your company are finding their way into your inbox. Your startup insurance needs most likely include:

  • General Liability
  • Errors & Omissions
  • Cyber Liability
  • Directors & Officers
  • Employment Practices Liability
  • Key Person Life Insurance

Want to get the right coverages for your Massachusetts tech startup?

Get started by completing our insurance applications so our Start-up Specialists can prepare a quote specific to your needs. We help startup businesses throughout Massachusetts including startups in Cambridge, Somerville, the Seaport District and throughout Boston. Whether you’re a Massachusetts based tech startup looking for the best cyber liability insurance coverage for Boston, Cambridge and startups throughout Massachusetts, or if you’re searching for the best Key Person and Directors and officers insurance coverage, our Massachusetts startup insurance team is here to help you.

Start Your Quote Online Now