When starting a new company, entrepreneurs do not rank insurance high on the list of issues they consider, focusing instead on funding, hiring key employees, developing technology and products. However, insurance coverage is typically required for the following key milestones at the earliest stages of a company’s development:
• Closing a venture capital round
• Signing a lease
• Licensing agreements
• Hiring employees
• Purchasing and shipping equipment or product
• Customer contracts
• Beta testing a product
• Clinical trials
Insurance does not need to be difficult, but it requires experience to navigate this space without delays and frustration. In this webinar, Steve Sawyer will cover the basic insurance needs of new ventures in the Tech and Life Science industries. More importantly, he will outline the key issues to anticipate as a company grows and reaches key milestones, and the value of designing an appropriate insurance and risk management program for current and future needs.
Steve Sawyer is Executive Vice President and Partner at Woodruff Sawyer, the leading insurance advisory firm to life science and technology companies in Silicon Valley and beyond. Steve has worked with hundreds of new ventures, taking many from the startup phase through product development, commercialization, and global expansion, including taking over 30 companies through the IPO stage in the last five years.
Steve has served on the board for BayBio and is active in various non-profits and missions committed to pressing needs in our community and around the world. Steve has a bachelor’s degree from Stanford University and an MBA from Northwestern University’s Kellogg Graduate School of Management. He is a designated Chartered Property and Casualty Underwriter (CPCU).