Assurely, an early stage Insurtech, and the Great American Insurance Group, have agreed to partner on Directors and Officers Liability (D&O) insurance to private companies.
Assurely states that this offering will be made available to firms leveraging Reg CF, a crowdfunding exemption, as well as other private firms. Assurely’s TigerMark insurance program is designed to protect companies raising capital and the platforms that support them while also providing a powerful benefit for their investors.
Assurely states that the agreement between Assurely acting 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.
Ty Sagalow, Assurely’s co-founder & Chief Insurance Officer, said that for the past two years TigerMark has helped to ensure the safety of startups and businesses pursuing online capital formation:
“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.”
Jane Kornesczuk, Divisional President, Great American Executive Liability Division, said that Assurely presents a unique opportunity for them to be involved in the “rapidly expanding segment of small businesses that utilize technology-driven solutions for their capital raising and insurance purchasing needs.”
