Episode 9 – Kind of a Genius
With everyone on board with Jack and Bryn’s plans, the group just needs two small pieces of the puzzle: money, and a possibly insane Russian genius who lives somewhere in the woods. What could be easier? Special guest star Guy Kawasaki!
Fundraising is a crucial matter for many startups and not securing enough financing was listed as one of the biggest start up mistakes in a recent Hiscox small business survey.*
In this episode, the Leap Year crew needs Mr. Cheeky’s financial help so they can hire the genius programmer they found on Facebook. However, they need to be cautious because even though they are hiring him on a temporary basis, they will still be liable for anything he does while he’s working with their company.
That’s why their new business needs professional liability insurance right away that is customized to the specific risks an IT professional faces. You need to be confident in your employees to work in the best interest of the company, however better safe than sorry. Having small business insurance that is customized to the specific risks you face is essential in properly protecting your small business.
* Hiscox commissioned research with Opinium Research among 304 owners, partners and senior decision makers from US businesses with 1 to 249 employees between the 18th of May and the 1st of June 2011.