Fred Nadde



Kalum Wickramasinghe

Account Executive

Tech Software Startup Insurance Melbourne

Technology startup companies come in various forms and sizes. They are initially developed and financed by their founders after identifying a market need for product/s or services that currently are not available in the market, or could be greatly improved.

In the early stages of product/service development, and during testing and marketing phases, startups seek financing from external parties. Due to lack of credit history, traditional lending via banks may not always be forthcoming , so other funders may be sought in the way of Incubator firms, crowd surfing, Angel investors and venture capitalists.

The importance of technology startups has been clearly highlighted by the Federal Government’s December 2015 ‘Innovation Statement’, with almost a $1.1b innovation plan put into place over a 4 year period, plus tax incentives.

What are the exposures?

There is no guarantee a Technology startup will succeed the first time. In fact, a large portion of startups will fail. To assist these companies and their directors, the Federal government introduced new legislation to;

  • Reduce the current default bankruptcy period from three years to one year.
  • Introduce a ‘safe harbour’ for directors from personal liability for insolvent trading if the company is undertaking a restructure.
  • Make ‘ipso facto’ clauses, which allow contracts to be terminated solely due to an insolvency event, unenforceable if a company is undertaking a restructure.

This does not mean all exposures for the business and its Directors are clearly expunged. Startup companies, by their very nature, are perceived as risk takers willing to try new things that may lead them into unknown territory. With their enhanced risk profile and short business record, insurers scrutinise them very carefully.

Hence, it is imperative that an insurance broker is fully aware of the nature of startups and of the ecosystems that support them. Brokers must also understand the corporate structure, the model, vision and passion of the startup’s founders.

Without such understanding, the business is exposed.

Our Directors have followed the scene for over 15 years, observing various startup groups across Australian states.

With our Technology Startup Companies/ Incubators & Accelerators Insurance, our goal is to help protect startup businesses and the people behind them, so that they can continue to innovate and grow. We also offer business insurance that will cover unexpected events, like cyber attacks, burglary, and more.

As an insurance company, we understand the unique risks associated with tech startups and how to best protect them. Our Technology Startup Insurance is tailored to provide comprehensive insurance coverage for a variety of risks that information technology startups and small businesses face.

From cyber insurance to general liability insurance, our tailored insurance solutions ensure all the bases are covered in the event of a loss or of claims. We offer competitive insurance premiums and high-quality service in the insurance industry, to help provide peace of mind and protect your business’s interests. At our insurance company, we strive to provide our customers with the best possible insurance coverage and customer service experience.

Get in touch today to find out how we can help you get the insurance policy and coverage your technology startup or tech company needs.

What can go wrong?

A female employee complained of unwanted advances by a fellow employee to her manager but the manager refused to take the matter seriously.

After further advancements, the employee refused to work late hours. The employee was made redundant. She took action against the employer under his management liability policy for unfair dismissal.


Having Workers Compensation Insurance is essential for employers in many industries, as it protects them from financial liability if an employee suffers a work-related injury or illness. This type of insurance provides a number of important financial benefits to both employers and employees.

Yes, tech startup insurance can cover multiple websites and apps. This type of coverage is typically offered as part of a tech startup’s business insurance package and will help protect the organisation from any risks associated with running multiple websites.

The precise proportion of revenue that goes towards insurance payments can vary depending on the type and size of an organisation, as well as its country of origin and the specific industry in which it operates. Generally speaking, however, organisations typically allocate a sizable amount of their total revenue to insurance payments.



    Cyber Attack – Don’t expose your business

    For many buyers of business insurance, cyber insurance is a new class of insurance that has been bro
    a hacker photo
    A Butchers in Canberra

    Expanded polystyrene and the Rising insurance premiums

    If you have a business involved in the food industry such as a manufacturer, wholesaler, butcher or

    Underinsurance and the effect on your business

    The majority of commercial insurance policies in the Australian market contain an underinsurance cla
    a bar photo