Hardware startups
A bench model, a field trial and a shipped device create different insurance questions. Explain the stage you are actually at.
Hardware businesses combine design work with physical property and product exposure. The insurance submission should distinguish internal development from customer testing, contract manufacturing and commercial sales.
A unit used inside your own workshop has a different journey from one placed at a customer site. Note who owns each prototype, the activities permitted during evaluation and who is responsible for returning it.
Outsourcing assembly does not by itself explain responsibility for your tooling, inventory or finished units. Set out where those assets sit and read the manufacturing agreement alongside the proposed insurance terms.
The first commercial shipment may introduce applications or contract requirements that were absent during development. Describe the use case, installation responsibilities and distribution model before relying on a research-stage description.
A physical device can also involve professional, cyber or product-specific exposures beyond the policy lines featured here. Raise those questions as part of the operating description.
Both operating profilesA new machine, outside storage or a first customer installation can change the insurance discussion. Procurement services are performed by Spot and its brokerage partners; Potrero Risk does not itself transact insurance.