VentureInsure

Resources

TechAssure, the managing partner for NVCA’s VentureInsure program, is comprised of the leading independent insurance agencies around the globe for the Tech, Life Sciences, Clean Tech, and Digital Media industries. Our unique structure enables us to combine intellectual property and proprietary services to deliver exclusive resources to members of NVCA, and their portfolio companies.

Your relationship with an outsourced risk management advisor is just as critical as your other professional service relationships – perhaps now more than ever. Following are some examples of the services available through TechAssure members:

• M&A Due Diligence Services. When preparing to make a new investment, how can you be reassured that the target company carries adequate insurance protection to cover the risks you might be assuming? TechAssure member brokers can provide an Insure Due Diligence Matrix to guide you through what can often be a tedious and complex process for those not accustomed to examining these critical provisions when negotiating a deal.
• Benchmarking reports on the limits of insurance, price paid, and carriers used by your peers. Who’s buying what and how much did it cost? TechAssure members write over 200 NVCA members and portfolio companies, plus another 3800+ companies in the Tech, Life Sciences, Clean Tech, and Digital Media industries.
• Litigation and loss trends. As part of our ongoing service, members of TechAssure conduct proprietary research into the actual loss trends affecting your industry. Should you buy a $20 million liability limit when the largest claim to date was $3 million?
• eRisk Hub. Provided through our partnership with netDiligence, the eRisk Hub is a specialized web portal addressing the rapidly evolving threat of privacy violations. The portal includes intellectual property from over 20 different specialty advisors and enables clients to conduct strategic planning to prevent privacy violation incidences, or to more rapidly ad ably respond to an actual event and limit its severity.
• Loss control program templates. Across a wide variety of industries and loss scenarios, TechAssure members collaborate to develop and provide you with template program to reduce or eliminate your exposure to loss. Here are a few examples:
  • Business Recovery Checklist Example (pdf)
  • Business Recovery Planning Hazards Example (pdf)
  • Cellphone Use State Law Summary (pdf)
  • Contingency Plan Example (pdf)
  • Employee Safety Handbook Example (pdf)
  • Hiring Independent Contractors Example (pdf)
• Disaster recovery planning. Working in cooperation with outside vendors and using their own experience, TechAssure members can assist you with developing your own customized disaster recovery plan. Providing you with templates for developing the guide and helping to run working meetings of your team, your TechAssure member is a partner in planning for recovery from the worst case scenarios.

Other Resources

• Understanding the unique needs of Venture Capital Firms and their Portfolio Companies (pdf)