Name: Insurance for Start-ups
Brand: Alan Boswell Group
Rating: 4.9 (1420 reviews)

Insurance for Start-ups

Insurance for start-ups offers tailored cover to protect newly formed and pre-revenue businesses from various risks, including liability, property damage, cyber security threats, and other unforeseen challenges.

Cost-effective insurance to grow with you

Support through all key stages of business growth

Cover for emerging technologies

Compliance with statutory and contractual obligations

Start-ups and pre-revenue companies face unique risks, from legal liabilities to unexpected business interruptions, that can jeopardise their growth and stability. Having the right insurance in place is essential to protect your venture. Alan Boswell Group have been working with start-ups since we were founded in 1982. We understand your needs and how to build a tailored programme that protects the company you are building, ensuring you can focus on innovation and growth.

What is insurance for start-ups?

Insurance for a start-up or pre-revenue business is designed to protect your business as it grows, secures funding, and generates revenue. It provides essential cover, at a cost-effective price, for key risks such as legal liabilities, intellectual property protection, and potential disputes with clients or investors. Start-up insurance ensures that as your company evolves and scales, you're safeguarded against potentially costly issues, helping you focus on growth while giving investors confidence that their interests are protected.

Why do I need insurance for my start-up?

Even if you’re not yet generating an income, you need insurance for your start-up because your business still has assets, intellectual property, and potential liabilities that need protecting. Unforeseen events like legal claims, property damage, or third-party disputes can lead to significant financial impact. Start-up insurance protects your assets and mitigates risks, ensuring you're protected as you grow your business.

The Alan Boswell Group Difference

At Alan Boswell Group, we understand that start-up and pre-revenue businesses face different challenges, and they need an insurance partner who understands their journey—not an off-the-shelf package from a comparison site. With extensive experience supporting newly founded companies, we provide tailored insurance packages designed to expand with you through your growth cycle to the conclusion of a successful trade sale, exit, merger, acquisition or an IPO.

Our Cambridge office is well-positioned to offer in-house claims management and specialised reviews of contracts, investment agreements, and NDAs, ensuring that every aspect of your business is protected. We recognise the importance of navigating investment rounds and the specific needs during these crucial phases. Whether you’re launching in the UK or looking to expand globally, our bespoke insurance packages ensure your assets are protected and give you peace of mind as you grow your business.

Insurance for start-ups with Alan Boswell Group

How our customers rate us

Alan Boswell Group took the time to speak to us about our requirements for insurance to make sure it was right for the stage we're at as a start-up business. They were responsive with answering questions we had relating to the options that were available.

Dan - Combined Liability Insurance

4.9/5 1420 reviews

How we support start-ups

Contract review service

We provide supplier and commercial contract, investment agreement, and NDA reviews, ensuring you understand your exposures and how you can protect your business.

In-house claims team

Our in-house claims team provides quick and hassle-free claims processing, ensuring you are supported throughout the process to reach a prompt and fair resolution.

Global expertise

Whether you’re a newly incorporated business registering in the US or an established multinational business, we understand global legal and regulatory jurisdictions, support your compliance, and protect your exposures.

Access to a wide range of insurers

As an independent broker, we have access to a wide range of insurers. This means we can search the market for an insurer that really understands your business, ensuring appropriate protection for your risks.

Cost-effective solutions

We offer tailored insurance packages designed specifically for start-ups and pre-revenue companies, providing affordable cover that can scale as your business grows.

Regular reviews

We know that businesses in the life sciences industry evolve quickly; by holding regular reviews with our clients, we can adapt your insurance to meet your current exposures.

Key business milestones

We have extensive experience guiding businesses through investment rounds, IPOs, mergers, acquisitions, and sales, and provide insurance packages that ensure your company is fully protected at every critical stage of growth and transition.

Professional connections

Using our extensive experience in the life sciences and technology industry, we’ve built up a network of trusted relationships with other professional services, including legal, financial, and investment firms.

Insurance for start-ups in detail

Your requirements will change as your company grows. That is why Alan Boswell Group have access to an array of specific policies to help young companies get the best insurance. Our detailed guides debunk the jargon and explain what covers you might need and when.

Things to consider:

Employers' liability insurance

If the business has any employees, there is a statutory obligation to have employers' liability insurance to insure workplace exposures to injury, illness, or disease.

Public liability insurance

Although it's not compulsory, it is advisable to have this cover in respect of any business activities, including the research and development of products and services.

Products liability and professional indemnity insurance

The ability to extend cover to include products liability and professional indemnity once revenue streams are established.

Contents insurance

This includes stock and research and development materials as well as general computer and mobile communication equipment.

Business interruption insurance

Flexible cover for the recreation of research and development materials and any increased costs of working.

Directors' and Officers' liability insurance

If business funding has been obtained from external investors, this type of cover may be a condition of that investment.

Key person insurance

Provides financial assistance to the business following the death or critical illness of key personnel.

Intellectual property insurance

Protects against legal costs and potential damages from disputes over intellectual property rights, such as copyright, trademark, or patent infringement.

Find out more in our PDF guides:

Specialist cover for start-ups

Start-up to grown up