Insurance startup Vouch helps startups cover coronavirus-related risks - Business Insider

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Insurance companies say they can't grant blanket coverage for all coronavirus losses, but startups can still insure against specific risks like data breaches that stem from the outbreak.

by offering policies for a range of liabilities that it says go beyond the five areas of risk evaluated by more traditional insurance companies.

While insurance companies are telling customers that their standard policies don't cover the wide-ranging economic havoc wrought by the coronavirus outbreak, Hodges says that the virus has prompted his customers to begin thinking in more detail about the particular kinds of risks that their startups are running — and to purchase insurance coverage for those specific liabilities.

And given the number of companies that are laying off workers to cut costs, Hodges says that employee practice liability insurance has also grown more popular.

 

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