Before we go live with our product, I’d like to have some good insurance in place.
Here in New Zealand, a local insurance broker has provided quotes ranging from around USD$2,500 for $1M cover, to USD$5000 for $5M cover.
Does anyone want to share approximate insurance costs from their businesses? I don’t know whether US-based insurers would want to cover us being based in NZ, but it’s an increasingly global world & worth a look before we sign up locally.
So that we’re comparing apples to apples: our quotes were for a SaaS Personal Financial Management product.