It seems like you can’t go anywhere in Gainesville without hearing about Innovation Hub or anything “innovation” for that matter. Whether it be Innovation Square or Innovation Gainesville, it’s clear that there is an energy and an excitement for innovation in the community.
Innovation Gainesville (iG), led by the Gainesville Area Chamber of Commerce, strives to attract the greatest minds from outside the area, as well as those from the University of Florida and Santa fe Collge. It is no doubt that the efforts of iG have created an environment for the Innovation Hub at the University of Florida to thrive. The Innovation Hub is geared toward providing start up companies with the tools needed to succeed: office, space, laboratories, conference rooms, educational resources and seminars and so much more.
As a start-up company, it is sometimes difficult to determine what risks you will be exposed to as you begin to develop your product. Many of the current tenants at Innovation Hub are technology based start-up companies that require specific needs to be addressed. Our agency has direct relationships with forward-thinking insurance companies that specialize in technology based companies and provide innovative solutions for your industry. Some coverages that should be considered include, but are not limited to: data breach coverage, computer-based crimes or cyber-extortion insurance, electronic data liability coverage, etc.
Although you may only need a simple general liability policy at the start of your company’s growth, it is important that your coverage grows with your business and you have insurance through a provider that understands the complexities of the technology world and the constant change that this industry creates. With this change comes increased risks and exposures and if your company intends to sell and service a product outside of the United States, it is critical that you also have international coverage.
If you have questions about the risks your start-up company may or may not be exposed to and would like a complimentary consultation with our Business Insurance Advisor, call us at (352)371-7977 or e-mail us at info@mcgriffwilliams.com.