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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Hallo

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

Coverage & Policy Issues
Commercial Lines
E&S/Specialty