Suggestions
Tyler Crawford
Insurance Advisor For Startups & High-Growth Businesses | Founder @ Fullsteam
Tyler Crawford is an insurance advisor based in Los Angeles, California, affiliated with Hampton. He is the founder of Fullsteam, an insurance brokerage that focuses on providing expert advice and innovative technology to clients. His professional background includes various roles in the insurance industry, such as Managing Director at Fields Group Insurance Services and Managing Partner at LiDAR Insurance. He has also held positions at MFE Insurance Brokerage and Trace, where he worked in sales and marketing.
Crawford's educational background includes a degree in Economics from the University of Minnesota Duluth and a certification in Digital Marketing from General Assembly. He is licensed as an insurance agent in health, property, and casualty by the California Department of Insurance.1
Highlights
The number of founders I speak with that think it is financially smart to operate without Worker's Compensation Insurance is SHOCKING.
Here’s some quick math - your business has $300,000 of working capital. A Work Comp policy costs $600 annually to cover a remote office worker. You decide, "hey my state doesn’t require workers comp and I only use a subcontractor that works from their home office, I’m going to pass on the $600 annual bill."
One of your workers slips and falls at their home office and has $400,000 in medical bills.
You are now responsible for $400,000 in medical bills, potentially out of business, and could personally owe $100,000 because you didn’t want to fork over the $600.
** If you hire anyone for your business then a Worker's Compensation policy could be the lifeline to your business (and your personal assets). **
HEY, QUICKBOOKS USERS. Quick Friday PSA for ya.
We're seeing more and more clients go through a Quickbooks breach. Many of them are non-technology companies that assume Cyber Liability insurance is unnecessary (retailers, manufacturers, etc.).
It's alarming.
One of the best parts of my job is telling a client they are protected when bad things happen. And lately, I feel more like a therapist than an insurance advisor (I'm not complaining!).
If your business uses ANY tech - banking, accounting, compliance, email, social media, advertising, etc. - a cyber insurance policy is vital.
Please don't sleep on this coverage.
Hackers are getting smarter and their primary targets are small and medium-sized businesses.
It's as simple as opening an email, clicking a link, or downloading an attachment. If you're a target, it's easy for a hacker to get into your systems.
A good cyber policy costs around $500 to $2,000 per year.
That's one fancy-ish meal per month.
Happy Friday!
