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Introducing the Embroker Quarterly Startup Risk Reactivity Report

Taken from proprietary, internal data, this report offers an analysis of the purchasing decisions and trends for three significant startup policies. Read more.

Written by Mike McLean Published July 4, 2023

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The world is a risky place. Businesses of all industries and sizes constantly battle between investing in what is happening now and what may happen in the future. We predict, we forecast, and we do our best, but in times like these, it’s never been more challenging to see what comes next.

At Embroker, we want to ensure that our customers and all businesses can prepare the best they can for unknown, unpredictable, and often unavoidable risks.

That’s why Embroker has released our Quarterly Startup Risk Reactivity Report.

This report analyzes the insurance buying patterns of startups on a quarterly basis. Taken from proprietary, internal data, the report offers an analysis of the purchasing decisions and trends for three significant policies: Directors and Officers, Employment Practices Liability, and Technology Errors and Omissions.

These three policies are considered the bare minimum coverages for venture-backed startups. They offer particular protections from internal risks while protecting vulnerable businesses from the uncertainty of growing cyber threats, job markets, and more.

By analyzing real-time business insurance shopping behaviors, we uncover trends and sentiments within the startup sector. 

In our first report, for example, a comparison of Q4 2022 and Q1 2023 shows fear, uncertainty and doubt among startups as a potential recession, mass layoffs, bank closures and political tensions threaten their health. Now, as founders search for the insurance they need to mitigate forthcoming risks, they must consider every possible outcome in the face of challenge.

In this quarter’s report, we touch on the closure of Silicon Valley Bank, the retrenchment of big tech, and the White House’s new National Cyber Crime Strategy. These are the types of events and conditions that affect how venture-backed startups purchase insurance. See for yourself.

Check out the data, freely available, monthly.

For more information, check out the press release here.

Want to learn more about our coverages?

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