What tech startups get wrong about insurance

With that one master service agreement, a bare-bones insurance policy purchased online for $600 a year suddenly has to become a robust, multi-layered program worth $45,000 or more. “To be compliant with T-Mobile’s MSA, or Ingram Micro’s MSA… it could be $45,000 a year or more worth of insurance,” Cook explained. “But their perspective against what is fair in the market has been skewed by the previous artificial program… they’re now a $10 million company. So, this is half a percent of insurance cost which is well within benchmarking… but they don’t yet know that.”