INSURANCE 101

Vouch Coverage and Product Updates Q1 2024

10 MIN READ
Vouch Coverage and Product Updates Q1 2024
“With Vouch, we were able to get the exact coverage we needed without weeks of paperwork — and get the peace of mind that comes with being properly covered.”
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Explore Vouch's new AI Insurance, enhanced Directors & Officers features, and new partner discounts.

This quarter, Vouch has introduced several innovative enhancements* across our policy and product offerings, ensuring that our clients are well-equipped to navigate the evolving legal landscape. From new AI Insurance to Digital Accessibility coverage to enhanced D&O features, discover how these updates can enhance your company’s protection.

Six New Partner Perks for Vouch Clients

3/4/2024

Expanding upon our network of over 25 partner vendors, Vouch introduces six new partner perks. Access exclusive discounts on risk-reducing software and services today.

Security

  • ActZero
  • Securily

Accounting and Equity Management

  • Pulley
  • Burkland Associates 
  • Escalon Services

Customer Service

  • OpenPhone 
  • Zendesk

See all available Partner Offers and Discounts in your Vouch Account.

Go to Account

AI Insurance

1/30/2024

AI Insurance pays for lawsuits associated with your AI product, so that your team can move faster with confidence. It includes coverage for IP and Bias claims, defense costs for regulatory investigations, and expanded coverage for hallucinations and algorithmic errors.

• Policy Attached to: Errors & Omissions

• Who It's For: Companies building or integrating AI solutions in their product stack.

• Why It Matters: AI's legal landscape is complex and evolving. Standard Tech E&O policies offer no clear coverage for AI errors or lawsuits, leaving AI Companies vulnerable to claims headaches and coverage denials.

Learn More

Additional Side A Limits

1/15/2024

Vouch’s D&O policy now includes enhanced Side A coverage, offering independent, higher limits to better protect the personal assets of startup founders, directors, and board members. This change moves away from a combined limit structure, allowing for better protection in the case of bankruptcy or another large claims scenario that could exhaust the policy limits. 

• Policy Attached to: D&O

• Who It's For: Directors and officers looking for robust personal asset protection.

• Why It Matters: The reality for startup leaders is that personal financial risk looms large. By providing dedicated and higher limits for Side A coverage, we're reducing the anxiety of potential out-of-pocket expenses.

Roadshow Coverage

1/15/2024

Recognizing the unique risks of companies preparing to go public, we've introduced an option to add Roadshow Coverage to your D&O. This covers potential claims arising from unintentional misrepresentations or inaccuracies in roadshow presentations and materials, filling a gap that standard D&O policies may leave uncovered.

• Policy Attached to: D&O

• Who It's For: Companies on the cusp of IPO.

• Why It Matters: The path to going public is full of potential pitfalls. Our Roadshow Coverage helps address these concerns, offering peace of mind through this critical transition.

Books and Records Request Coverage

1/15/2024

With a $25,000 sublimit, this policy extension is designed to cover expenses arising from security holders' demands to inspect the company's books and records, a common yet potentially costly request.

• Policy Attached to: D&O

• Who It's For: High-growth startups or companies preparing to go public.

• Why It Matters:  Responding to demands for books and records inspection can place a financial strain on companies. This coverage ensures that such compliance does not detract from your company's financial goals.

Remote Worker Tax Investigation Coverage

1/15/2024

In response to the complexities of managing a remote workforce, we've added coverage for investigation-related costs and expenses stemming from tax authority demands into remote workers.

• Policy Attached to: D&O

• Who It's For: Companies with remote workforces.

• Why It Matters: As remote work has become the norm, the risk of tax-related investigations has grown. This coverage provides a safety net, ensuring companies can confidently manage their remote workforce without fear of unexpected financial burdens.

*Enhancements apply to policies purchased or renewed after stated release date.

“With Vouch, we were able to get the exact coverage we needed without weeks of paperwork — and get the peace of mind that comes with being properly covered.”
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Instant coverage & limit advice
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Tailored to your stage and vertical
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We’ve prepared a limit recommendation and highlighted important coverage features for your payments startup. These features are commonly excluded by other insurers.
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IMPORTANT FEATURES
  • In the case that your investors sue you, Vouch D&O does not include an Insured v. Insured exclusion.
  • In the case that your investors sue you, Vouch D&O does not include an Insured v. Insured exclusion.
  • In the case that your investors sue you, Vouch D&O does not include an Insured v. Insured exclusion.
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