4 ms·
What are some examples of X? I've never gotten the "because insurance" response so you've raised my curiosity!
by harryh 9y ago
What are some examples of X? I've never gotten the "because insurance" response so you've raised my curiosity!
- tabeth 9y agoEffectively if you take any kind of risk it involves insurance. A concrete example is starting a company and quitting your job. Health insurance is currently heavily tied to employment, so the incentive is not to start a company under those circumstances.
- akharris 9y agoOne example - startups that are looking to sign large enterprise contracts are often prevented from doing so because they don't carry a sufficient level of errors and commissions (E&O) insurance to satisfy customer requirements. Getting that level of coverage can be difficult because the few people on the insurance side really understand how to price software/security risk, and because the size of contract isn't meaningful to the seller of the policy, though it is critical to the startup in question.
- FLUX-YOU 9y agoThat seems straight-forward to do (although difficult finding great developers to assess this stuff): - Development process (Agile, Scrum, Waterfall, Panic, etc.) - Architecture - Testing processes - Pentesting - Credentials of all of the developers - Credentials of the managers - Even the presence of physical security There's already "cybersecurity" insurance and surely someone from that industry could join and tell you how to price security features and processes: https://www.dhs.gov/cybersecurity-insurance https://www.dhs.gov/cybersecurity-insurance I can't really speak against it not being worth it for the insurance company though. How do you build a cheap but high coverage insurance product for startups that have limited cash?
- kgwgk 9y agoI think he means "because liablities", and then being unable to find a counterparty willing to take a high risk for a small premium.
- zurn 9y agoLack of unemployment insurance makes working for risky companies risky.
- dredmorbius 9y agoSmall aircraft industry, fairly famously. Many of the most popular small craft (Piper, Cessna, etc.) date from the 1940s and 1950s.