The Executive Liability Division of Great American Insurance Group and insurtech company Assurely, have entered an agreement to offer Directors and Officers Liability (D&O) insurance to private companies.
The cover is aimed at private companies who raise capital via technology platforms/portals and the internet.
The TigerMark insurance program protects companies raising capital and the platforms that support them while also providing a powerful benefit for their investors.
Assurely will act as managing general agent for Great American Insurance Group, paves the way for a new definition of how insurance can protect the unique risks faced by parties raising funds on online portals.
Jane Kornesczuk, Divisional President, Great American Executive Liability Division commented: “We are excited to work with Assurely. They present a unique opportunity for us to participate in the rapidly expanding segment of small businesses that utilize technology-driven solutions for their capital raising and insurance purchasing needs.”
Ty Sagalow, Assurely’s Co-Founder & Chief Insurance Officer, added: “For the past two years, TigerMark has assisted in the safety of startups and businesses looking to raise capital over the internet.
“With today’s announcement, Great American has greatly expanded the program, which is further unlocking TigerMark’s invaluable benefits to internet and technology-based capital raising.
“Companies and projects raising capital, their investors and the online platforms that support them all benefit from TigerMark.”
