Texas · Fundraising is not a coverage
An angel writes a check. The policy still has to match the risk.
An angel is usually a person putting their own money into an early company, often for equity or a convertible instrument. A venture fund is usually investing other people’s money through a firm, later and in larger amounts. Those are habits of the market, not a Texas statute, and the term sheet is what you actually signed. This page is not securities, tax, or legal advice. If you are offering an investment, talk to a securities lawyer before you pitch or take the money.
Directors and officers coverage is a different contract. It can respond to certain claims that leadership mismanaged the company. It is not general liability, and the declarations decide who is an insured and what limit applies. Key-person life or disability, when a carrier will write it, is usually owned by the company and pays the company if that contract’s trigger happens. It does not automatically return an investor’s money. A certificate of insurance shows what was in force when it was issued. It does not add the landlord or the investor as an insured unless the policy is endorsed.
Owned trucks and cars are commercial auto, not the general liability form. A crew on job sites is closer to contractor insurance. Stock and a leased suite sit on commercial property. The product map is business insurance. None of those forms is a substitute for traction, a written instrument, or counsel.
Warm introductions, angel groups, and accelerators are how people meet. This page does not rank them, and a cold message that asks you to wire money is not an investment. Read the instrument. Friends-and-family money is still a security or a loan once you write it down. Bank or SBA-style debt has to be repaid, often with a guarantee. That is a different risk than selling a piece of the company.
