Insurance Requirements

001: Buying Insurance on Purpose with Sage Clements

Episode Summary

Sage Clements, IT Security Consultant at Sage Knows IT, joins us to discuss entrepreneurship, why buying insurance on a whim is a mistake, as well as how the insurance industry can better serve the startup community.

Episode Notes

To some, insurance is just another expense.  An afterthought.  You buy it when you need it and don't give it much thought outside of securing the certificate. 

My guest today believes insurance is an integral part of protecting your business.  His name is Sage Clements.  He's a business owner in the IT Services industry and an insurance underwriter.  In fact, at my first underwriting gig my desk was 2 away from his.

Sage shares with us the three questions to ask an insurance agent before choosing one as well what to look for in an insurance policy. Hint: it's not the cheapest option.

We then uncover the most important components to look for in a Technology Errors & Omissions and Cyber Liability policy.

And finally, we end the show with a discussion of Hollywood's depiction of the Cyber Security industry.  Fortunately, you can't hack a power grid in 30 seconds.

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