Ben Jennings, chief revenue officer at Embroker, said: "Founders are feeling the pressure; not only are they worried about capital insecurity, but they also have to consider how the decisions and actions of others can impact their business in the blink of an eye." (Credit: Philip Pacheco/Bloomberg)
In the aftermath of Silicon Valley Bank's collapse in early March, venture capital-backed startups quickly moved to increase insurance coverages, according to Embroker Insurance Services LLC, which reported demand was particularly strong for director and officer policies.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
