Why use a specialist for your technology insurance needs?
All insurance agents understand technology insurance, right? Wrong. Unfortunately, most agents/brokers don’t have the knowledge to properly address the risks associated with technology. Our agency has made a commitment to the technology industry to provide our knowledge and experience in this field. Standard commercial insurance policies actually exclude most of the critical risks that technology companies face.
The last thing that you want to worry about is whether your insurance coverage will protect you in the event of a claim.
Technology businesses need coverage for allegations that their product or service was flawed and it resulted in financial loss to a client or competitor. Whether or not these allegations have merit, you still must defend yourself in the event of a lawsuit. Technology companies need insurance programs that protect them from a wide variety of threats including:
- Breach of Contract/Warranties
- Failure to Perform
- Theft of Intellectual Property
- Network and Security Breaches
- Errors or Omissions
- Communications & Media
- Cyber Liability
Companies who should have specialized coverage include:
- Software developers
- Web Developers
- Telecommunications providers
- IT professionals
- hardware manufacturers/assemblers
- Value-Added resellers
- System integrators
- Security consultants
- E-Commerce
- ISP’s
- WiFi Providers
The technology field is a very unique and ever-changing industry.In meeting with technology companies, it quickly became apparent to us that many simply didn’t have an agent that understood their risk exposures and how to properly address and cover these risks. Our mission is to provide our expertise, service and reliability to the technology community.