Protections & Insurance

The value of an early-stage business may take time to realise (via exit or refinance) and because significant sums may be invested in the business, there is often a need to ensure that any risks to the business are considered and protected against as fully as possible.

This process may involve for example, the revision of contracts and agreements to plug gaps that may exist, or revising business or scientific practices and engagements. Some of the key areas of review include;

• The consequences of a key shareholder or member of the technical team not being able to carry on with the project because of illness or a commercial “falling out”
• Risks that IP is not exclusive or someone else has the same product or design
• Signed contracts and engagements that favour the other side and could expose the founder
• Lack of documentation at early stages, meaning that liabilities, assets and agreements are not set out between all parties at the outset

Insurance is certainly not the most exciting aspect of business but the peace of mind gained from knowing you and your business are properly protected is well worth it. If you’d like to make sure you’re covered or that your current cover is sufficient, don’t hesitate to get in touch with the Vicente Advisory team.