Practical Guide · 5 min read
What Founders Need Before Requesting a Quote
A faster, more accurate quote starts with five minutes of preparation. Here's what to have in hand.
About the author
Written by Amir.
Company basics
Legal entity name + state of formation. Headcount (W-2 + contractors), by state. Trailing-12 revenue + projected next-12 revenue. Industry / NAICS code (the carrier will ask).
Existing coverage
Declarations pages or COIs from each in-force policy. Loss runs from the last three carriers (if available). Any pending claims or incidents.
Drivers of the request
Customer contracts triggering the review (with the insurance section pulled out). Funding rounds in flight. New geographies, new products, M&A activity.
Do I need exact numbers or are estimates fine?
Good-faith estimates are fine for the first conversation. Carriers will ask for confirmed figures before binding, but we can quote a range from estimates.
What if I don't have loss runs?
Brand-new entities and first-time buyers often don't. We can request loss runs from prior carriers on your behalf once we have a signed broker-of-record letter.
Frequently asked questions
Do I need exact numbers or are estimates fine?
Good-faith estimates are fine for the first conversation. Carriers will ask for confirmed figures before binding, but we can quote a range from estimates.
What if I don't have loss runs?
Brand-new entities and first-time buyers often don't. We can request loss runs from prior carriers on your behalf once we have a signed broker-of-record letter.
This material is general educational information, not legal, tax, or insurance advice. Coverage availability, policy terms, and regulatory requirements vary by state, carrier, and applicant.