Technology E&O premiums average $5,285 per year for companies with revenue under $1 million. Once revenue hits or exceeds $5 million, rates can increase as much as 215%. (Credit: Studio Romantic/stock.adobe.com) Technology E&O premiums average $5,285 per year for startups with revenue under $1 million. Once revenue hits or exceeds $5 million, rates can increase as much as 215%. (Credit: Studio Romantic/stock.adobe.com)

Whether it is D&O, E&O or employment-related coverages, when startups move into growth stages, their insurance costs can see triple-digit increases, according to research from business insurance platform provider Embroker.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

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