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Business Insurance 101 For Saas/Tech Start-Ups

Internet

Internet · 11m ago

Business Insurance 101 For Saas/Tech Start-Ups

- The article discusses the importance of business insurance for tech startups, especially in the context of challenges arising from the pandemic and recent financial crises. - It emphasizes three essential types of insurance: Errors and Omissions (E&O) Insurance for protection against claims of inadequate work; Directors and Officers (D&O) Insurance to safeguard personal assets of company leaders from lawsuits; and Cybersecurity Insurance to cover losses from cyber incidents. - E&O Insurance is particularly crucial for service-oriented businesses, while D&O Insurance is essential due to the increasing number of lawsuits against corporate leaders. - Cybersecurity Insurance is highlighted as vital for tech companies that manage sensitive data, especially given the rise in cyberattacks in recent years. - The article concludes with a brief overview of factors influencing insurance costs, such as business size, projected revenue, industry risks, and location, and promotes Plum’s customized insurance solutions for startups.

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OutlookIndia

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Upekkha secures $15 Million in a funding round led by WestBridge Capital

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OutlookIndia · 1y ago

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Indian start-ups see renewed investor interest; funding rises 23% amid cautious optimism: Report

Business Today

Business Today · 5m ago

Indian start-ups see renewed investor interest; funding rises 23% amid cautious optimism: Report

Indian start-ups are witnessing a surge in investor interest, with a 23% increase in funding and a 27% rise in deals. The growth is driven by a 2.1X increase in new tech start-ups, bringing the total to 32,000-35,000. In 2024, tech funding reached $7.4 billion, with deeptech investments growing by 78%, primarily led by AI start-ups. Six new unicorns emerged with a combined $220 billion+ valuation, and tech IPOs tripled.

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Inshorts · 1y ago

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OutlookIndia

OutlookIndia · 1y ago

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The Circle FC concludes ‘The Water Challenge' Accelerator Programme with Demo Day

OutlookIndia

OutlookIndia · 1y ago

The Circle FC concludes ‘The Water Challenge' Accelerator Programme with Demo Day

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Business Today

Business Today · 1y ago

India-Canada crisis spells trouble for Indian start-ups eyeing Canada as gateway to North American market

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Angel tax: 8,204 start-ups have received exemption till date, shows govt data

Business Today

Business Today · 1y ago

Angel tax: 8,204 start-ups have received exemption till date, shows govt data

According to government data, only 8,204 out of 1,14,902 registered start-ups have been granted exemption from angel tax since their inception. The data was provided in response to a Right to Information query by Business Today. Under the Startup India Action Plan, start-ups that meet specific criteria can apply for recognition by the Department for Promotion of Industry and Internal Trade (DPIIT). Post recognition, start-ups are eligible to apply for angel tax exemption if their paid-up share capital and premium does not exceed Rs 25 crore. The Central Board of Direct Taxes (CBDT) has clarified that DPIIT-recognized start-ups are exempt from angel tax provisions.

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