I just submitted an application, and have been chatting with Myles, who has been very helpful and responsive.
Vouch is not able to proceed with my application because I run a bootstrapped business – zero funding and no debt. Vouch's current underwriting guidelines require at least $150,000 in funding, which seems odd.
I'm not sure why this is the case - if anything, my business has a much lower risk profile, since I have fewer counterparties, and don't have the exposures that would necessitate D&O, EPL, EB, or FD.
I hope this is something that Vouch will discuss with the reinsurer. I've been looking for a service like this for years now, and I'd like to vote with my dollars.
Vouch is not able to proceed with my application because I run a bootstrapped business – zero funding and no debt. Vouch's current underwriting guidelines require at least $150,000 in funding, which seems odd.
I'm not sure why this is the case - if anything, my business has a much lower risk profile, since I have fewer counterparties, and don't have the exposures that would necessitate D&O, EPL, EB, or FD.
I hope this is something that Vouch will discuss with the reinsurer. I've been looking for a service like this for years now, and I'd like to vote with my dollars.