Assurely, an Insurtech that is serving the securities crowdfunding sector, has announced a new partnership with Crowdcheck – a leading legal services firm that specializes in online capital formation.
According to a statement from Assurely, the partnership encourages all stakeholders utilizing CrowdCheck’s services to obtain D&O [Directors and Officers] insurance via its TigerMark service as a means to establish proper insurance coverage to complement total compliance with crowdfunding regulatory requirements.
Clients of CrowdCheck will receive cost savings for the TigerMark Directors and Officers (D&O) insurance program. The partnership encourages all stakeholders utilizing CrowdCheck’s services to obtain D&O insurance to complement compliant securities offerings.
David Carpentier, CEO and co-founder of Assurely, said that the two organizations’ incentives are aligned:
“It’s simple to us. CrowdCheck reduces risk; therefore, we want to reward their clients with lower insurance costs. In our opinion, it’s the way the entire insurance industry should operate, and we are committed to partnering with key industry stakeholders like CrowdCheck to maximize a safe and cost-efficient industry.”
Sara Hanks, CEO and co-founder of CrowdCheck, said that
“TigerMark is invaluable, especially in a sector where investors are involved early in a startup’s or company’s life cycle. Our relationship with Assurley encourages companies involved in CrowdCheck’s process to obtain affordable, precise D&O insurance through the TigerMark insurance program.”
Hanks added that they share the goal of delivering reliable due diligence and protection for all stakeholders within the industry.
The partnership is said to result in the combination of proper insurance coverage, compliance, and due diligence that decreases risk for stakeholders while benefiting the entire crowdfunding industry.
Assurely states that no other private company insurance policy properly protects companies raising capital via Reg CF, Reg A, and Reg D – 506(c).