Insurance Considerations for Axe Throwing Venues
Some types of insurance are required by law or by contract, while many others are important simply because they protect a company from financial distress. Insurance reduces potential liabilities and increases enterprise value, which allows a company to continue to grow and thrive. Below is a common scenario your company will face and the insurance that may be important to buy at that time.
Taking Investments
Before taking money from outside investors it is prudent for management to purchase Directors and Officers Insurance. Directors and Officers insurance protects against allegations of mismanagement and some regulatory proceedings. Because you cannot buy the insurance retroactively it is important to put in place before soliciting investments.
*A corporate veil will not protect an owner from suits from directors and officers claim
Insurance Allies, LLC, division of Specialty Program Group LLC. Doing business in California as SPG Insurance Solutions License No. 0L09546.
© Copyright 2024 AxeThrowingInsurance.com