“We moved from a late scramble of spreadsheets, emails, and phone calls to a proactive strategy.
Castle saved money and aligned our coverage with the realities of scaling.”
Josiah Tsui, Co-Founder of Finley.
Finley CMS is a venture-backed Series A SaaS startup providing debt capital management solutions for institutional finance teams. As Finley’s business grew rapidly, so did the complexity of managing insurance renewals and risk exposures. The leadership team recognized the need for a streamlined, expert-driven approach to insurance and risk management that could keep pace with their scaling operations.
With increasing operational and regulatory risks, Finley’s leadership faced several challenges:
Managing the time-consuming process of gathering application materials, comparing policies, and coordinating with brokers.
Reducing insurance costs while maintaining comprehensive coverage for directors & officers (D&O), errors & omissions (E&O), cyber liability, and general liability.
Ensuring compliance with investor, board, and contractual insurance requirements.
Avoiding coverage gaps and administrative oversights during renewals.
“As a founder, I want to focus on growing our product and serving customers—not getting bogged down in insurance paperwork and negotiations,” said the Founder of Finley CMS. “Castle helped us take that burden off our plate while saving us money.”
Finley partnered with Castle to leverage their expertise in insurance and risk management tailored for venture-backed startups. Castle’s platform and team provided:
Automated workflows that simplified and accelerated the renewal process.
Expert review and negotiation of insurance policies to secure better pricing and coverage.
Centralized management of all policies, certificates, and renewal deadlines.
Benchmarking against market data to ensure Finley’s insurance costs were competitive.
Significant cost savings: Castle’s negotiation and market insights helped Finley reduce their insurance expenses by thousands of dollars annually.
Time savings: By automating and streamlining the renewal process, Castle freed Finley’s leadership from administrative burdens, allowing them to focus on core business priorities.
Improved coverage: Castle ensured all policies met or exceeded investor and board requirements, eliminating risk of coverage gaps.
Peace of mind: Finley’s leadership gained confidence knowing their insurance and risk management were proactively handled by experts.
For Finley, Castle delivered $10,000 in savings and operational efficiency, enabling the startup to focus on growth without the distraction of complex insurance management. Castle’s expertise and technology provide a trusted partnership for startups looking to optimize their insurance and risk management as they scale.
Learn how we can help you streamline renewals and reduce costs.
