July 20, 2023

Introducing Insurance

With Firstbase since:

Ever since Firstbase started in 2019, our mission has been to make entrepreneurship more accessible than ever before. From compliance and payroll to mail and banking, our products are designed to remove barriers and empower the next generation of founders.

After listening to community feedback, we’re excited to announce our latest release: Insurance.

The new insurance marketplace enables founders to find the right policy in a matter of minutes. Use your existing company data, enter a few more details, and get quotes from inside the Firstbase Founder’s App. There has never been a simpler or more efficient way to get coverage for your startup or small business.

Who needs insurance?

We often receive questions from founders who are unsure about whether they need business insurance or what kind of policy they should get. Insurance is perfect for companies that:

  • Plan to sell products on Amazon (insurance is now required for Pro vendors as well as vendors who exceed $10,000 in sales in any given month)
  • Need protection against damages related to their product, service, or operations
  • Want to project a trustworthy, credible image

Insurance is helpful to build trust when signing contracts, pitching to investors, or getting a loan. Partners will want to see that you have coverage to protect your company from typical business risks.

Unfortunately, those risks are inherently unpredictable, — you don’t want to be caught without coverage if something goes wrong. Click here to learn more if you have further questions about your insurance needs.

How it works

Finding the right insurance policy is crucial for protecting your business. However, the business insurance ecosystem is notoriously complicated, especially for a founder with 100 other things to do.

We knew there had to be a better way — here’s how it works:

  1. Select insurance type: General liability policies are available at launch, with cyber insurance and business owner’s policies to be introduced at a later date.
  2. Provide company details: We’ll use your information to connect you with policies that make sense for your business.
  3. Select insurance plan: View quotes from our insurance partners, then complete the application and finalize your new policy.

What’s next?

With Payroll and Insurance both releasing in the first half of 2023, it’s been a busy year at Firstbase. Still, we’re looking forward to making the Founder’s App an even more powerful platform for our incredible community of entrepreneurs.

While we can’t yet announce any upcoming products, rest assured that we’ll be announcing plenty of new updates by the end of 2023. Hoping for any particular new features? Get in touch — we’d love to hear more about your ideas!

Insurance coverage is offered through Brokery, LLC (“Brokery”), a licensed insurance producer.

All insurance-related information is provided by Brokery and does not in any way alter or amend the terms, conditions, or exclusions of any insurance policy.

Insurance coverage is not available in all jurisdictions or to all customers. The above does not in any way constitute an endorsement or referral of Brokery’s products or services.

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