Why do some startups hold onto corporate risk rather than purchasing insurance?
Replied byEmily Yuan
Co-founder & COO at Corgi
Niche: Finance
Revenue: Approx. $3.3 Million/month
Location: San Francisco, California, United States
Started: 2024
It depends entirely on the risk tolerance of the company. Some founders are comfortable holding onto certain risks internally to save cash, choosing to only purchase specific policies when a third-party partner or vendor contract requires them to do so.
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