Technical & Professional Risk
The technology industry continues to be characterised by unique risk management challenges.
Traditional physical risks that might worry managers in other sectors are often superseded in importance by intangible risks – damage to intellectual property, lost employee knowledge and brand impairment.
New commercial risks can suddenly enter the radar screen as technology companies rapidly diversify into new markets and new strategies
Often new contracts are negotiated and signed with little thought for insurance requirements. At Marsh we can assist you with determining how a contract will interact with your current insurance programme and offer solutions to cost effectively fill any gaps in cover.
Marsh is more than well equipped to deal with these challenges. For over 50 years, we have arranged solutions for more CMT companies than any other broker in the world.
Our consultants deliver proactive, consultative risk management tools and techniques designed to help anticipate emerging trends and pre-empt potential risks before they become costly problems – or tomorrow’s headlines.
As well as understanding and mitigating risks, we help clients to better ‘market’ their risks to the underwriting community, helping them with competitive pricing and stronger negotiating power at renewal.
We can address issues and risks such as…
- directors’ and officers’ liability
- intellectual property
- open source software compliance
- internet risks
- errors & omissions and contractual liability
- management of technology-related litigation
- alternate funding options
- workforce strategies
- trade credit
- supply chain and BI consulting
…in areas such as:
- IT consulting
- networking systems
- data storage
- Consumer electronics.