Latest news with #BusinessOwnersPolicy
News18
22-07-2025
- Business
- News18
Funding, Fraud & Lawsuits: Why Every Entrepreneur Needs Insurance To Tackle Legal Risks
Last Updated: India's startup boom ranks it third globally, but rising legal risks are prompting startups to invest in liability insurance. News18 India's startup boom has turned the country into the third-largest startup ecosystem globally. But as businesses grow, so do the risks. From consumer claims and cyber threats to regulatory challenges and investment disputes, today's entrepreneurs face a host of legal vulnerabilities. In such a climate, insurance isn't just a backup plan—it's a strategic shield. Experts stress that having the right policies in place can protect founders, investors, and the businesses they're building. Why Legal Risk Is on the Rise 'As legal risks become more prominent, many startups are increasingly investing in liability insurance," says Aftab Chaz, Associate Director & Business Head at He explains that lawsuits around bodily injury, product defects, negligence, and professional errors are becoming more frequent across sectors. This trend has led to growing demand for Comprehensive General Liability, Professional Indemnity, and Directors & Officers (D&O) insurance. According to Chaz, these policies are crucial in shielding businesses from financial and reputational losses while improving investor confidence. PE and VC transactions are at an all-time high in India, but with rising deal sizes come bigger risks. Tapas Nandi, Director – Infrastructure & Energy at Alliance Insurance Brokers, notes, 'With increased financial frauds and cyber threats, even a minor slip in a major deal can cause serious damage." He recommends that early-stage startups and their investors consider a Business Owners Policy (BOP)—a bundled solution covering general liability, commercial property, and business interruption. He adds that Venture Capital Liability Insurance can help protect investors from errors, omissions, and legal challenges tied to deal-making or board-level responsibilities. Founders Must Think Holistically Mudassir Khalil, Head – Reinsurance, Surety & Liability at Digit Insurance, outlines five key insurance policies every entrepreneur should consider: Comprehensive General Liability (including product & public liability) Professional Liability Insurance (for service-related risks) D&O Insurance (to protect leadership teams) Employee Compensation (for workplace injuries) Warranty & Indemnity (W&I) Insurance (to cover deal breaches) 'These covers not only reduce financial damage during a crisis but also build a culture of risk preparedness," says Khalil. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
17-06-2025
- Business
- Yahoo
Corporate Insight Launches Commercial Insurance Monitor: Comprehensive Analysis of Digital Experience in Commercial P&C Insurance
New Research Service Provides In-Depth Coverage of Digital Capabilities Across Four Key Commercial Insurance Lines from 17 Leading Insurance Carriers NEW YORK, June 17, 2025 /PRNewswire/ -- Corporate Insight (CI), the leading provider of competitive intelligence and customer experience research to the financial services industry, today announced the launch of Commercial Insurance Monitor, a comprehensive new research service that tracks the digital experience in commercial property and casualty insurance from both prospect and customer perspectives. "Commercial Insurance Monitor addresses the growing need for competitive intelligence in the rapidly evolving commercial insurance space," says Justin Suter, insurance research manager at CI. "Small business owners increasingly expect streamlined online experiences for their insurance needs. This new research builds on our longstanding personal lines P&C coverage to help insurers create best-in-class digital platforms that attract and retain business owners." The research service tracks four main lines of commercial insurance policy types: Business Owners Policy (BOP) Workers Compensation Commercial Liability Commercial Auto Commercial Insurance Monitor provides comprehensive analysis through multiple research components designed for ongoing competitive intelligence. Leveraging authenticated experiences, the service includes quarterly reports that track industry trends and digital capability developments in commercial insurance; quarterly capabilities matrices that detail the full range of offerings from covered firms; and direct access to CI's industry expert analysts for consultation and insights into the authenticated site experience. The first report from Commercial Insurance Monitor will provide subscribers with a full analysis of the current competitive landscape. Further reports will examine generating a certificate of insurance (COI), billing and payment capabilities, risk mitigation resources and online quoting journeys. "Small business owners are increasingly sophisticated in their digital expectations, influenced by their experiences in personal lines and other industries," adds Suter. "Additionally, boomers retiring and passing on their businesses to younger generations creates a sudden shift in digital expectations in commercial insurance. Insurers that fail to meet these evolving expectations risk losing market share to more digitally advanced competitors. For that reason, in this research we're tracking both incumbent and insurtech firms for a full view of the digital landscape." The research covers 17 leading commercial P&C insurance providers: American European Insurance AmTrust COUNTRY Financial FLIP The Hartford Hanover Kingstone Insurance Liberty Mutual Next Insurance Progressive Simply Business State Farm Thimble Travelers Utica First USLI 360 Coverage Pros Commercial Insurance Monitor represents CI's continued expansion into specialized insurance market research, building on over 30 years of expertise in analyzing authenticated customer experiences across financial services, insurance and healthcare. Interested parties can request a research demo from CI's commercial insurance research team. About Corporate Insight Corporate Insight (CI) delivers competitive intelligence, user experience research and consulting services to the nation's leading financial services, insurance and healthcare organizations. As the recognized industry leader in customer experience research for over 30 years, our best-in-class research platform and unique approach of analyzing the actual customer experience helps organizations advance their competitive position in the marketplace. For inquiries or to interview an analyst, contact: Patrick Flood 646-876-7535 pflood@ View original content to download multimedia: SOURCE Corporate Insight Sign in to access your portfolio
Business Wire
12-05-2025
- Business
- Business Wire
Rainbow Expands Beauty & Wellness Insurance to Texas and Illinois
SAN FRANCISCO--(BUSINESS WIRE)--Rainbow, a digitally-enabled managing general underwriter best known for insuring restaurants, today announced the expansion of its Beauty & Wellness insurance program into Texas and Illinois. These new state launches follow successful rollouts in Arizona and Michigan earlier in 2025, and mark a significant step forward in Rainbow's mission to serve niche industries. Texas and Illinois are among the nation's top five states for salon and fitness studio density. The Beauty & Wellness sector—sometimes referred to as Personal Care—is among the fastest-growing segments of the U.S. economy, and one of the hardest hit during the pandemic. Rainbow's approach uses proprietary technology to synthesize public data in real time, enabling 'continuous underwriting' for more accurate and adaptive risk assessment. As these businesses evolve, they're demanding more tailored coverage and faster service—something Rainbow is uniquely positioned to deliver. This is Rainbow's first industry category outside of restaurants and the beginning of a growing portfolio of industry niches in which Rainbow brings a unique combination of technology and specialized underwriting to its growing agency distribution base. Appointed agents in Texas and Illinois now have access to Rainbow's Beauty & Wellness program, designed specifically for personal care businesses and supported by a fully digital quote-to-bind platform and Rainbow's experienced staff. 'Helping agents with their specialty commercial insurance needs is the reason why Rainbow exists. Our partnerships within the independent agent channel go deep, and our continuous underwriting technology gives us the unique edge in serving industries like beauty and wellness from which traditional carriers have otherwise shied away at no fault of those business operators,' said Bobby Touran, co-founder and Chief Executive Officer of Rainbow. 'In an industry where insurance is a no-brainer, we're proud to bring this proprietary intelligence—and a better overall experience—to Texas and Illinois agents and their business owners in one of the fastest growing segments of the economy.' Rainbow's Beauty & Wellness program includes: Comprehensive coverage: Business Owners Policy and Excess Liability, with customizable options like Professional Liability, EPLI, and more. Admitted coverage: Inclusive of high-need services such as barbering, massage therapy, fitness studios, and even historically non-admitted risks like body piercing. Scalable appetite: Suitable for both single- and multi-location operators. Frictionless process: Instant quote-to-bind and real-time underwriting decisions via Rainbow's proprietary digital platform. Expert assistance: Backed by experienced underwriters and support staff. With this launch, Rainbow expands its portfolio of carefully selected, desirable small business risks—advancing its goal of redefining small business insurance through the fusion of cutting-edge technology and human expertise. To learn more, visit Founded in 2022, Rainbow is a specialist managing general underwriter building tailored small business insurance programs. Through a combination of continuous underwriting technology and experienced human touch, Rainbow is pioneering insurance products that help prevent claims while protecting what matters. Rainbow offers agents a seamless quote-to-bind experience and supports digital distribution through select partnerships. Visit Rainbow at
