OPEX $8-10K annually for insurance
We need 4 types of insurance:
Day 1 post money:
- D & O
- Media
- Professional
- General Liability
Projected cost of insurance:
Year 1 we hire freelancers instead of direct employees.
- From The Hartford:
- Directors & Officers (D&O) Insurance → $6K–$10K/year
- From Thimble:
- Professional Liability (E&O) Insurance → $500-$750/year
- Media Liability Insurance → $500-$750/year
- General Liability Insurance → $500-$750/year
- Total for these three → ~$2K/year