Software, IT Services, and Telecommunications
We do not homogenize the unique characteristics of any company when we say we are specialists in the Technology industry. Every company has a product, service, or combination of exposures to loss that makes it a little different – that’s why TechAssure members love their jobs: the challenge and intellectual stimulation is exciting.
On the other hand, there are many legal and natural risks that are common to subgroups within the general Technology industry. TechAssure members have specific experience with hundreds of companies that develop, license and service software for virtually every conceivable application. Patent and copyright infringement, privacy management, and failure to perform exposures have particular nuances for software companies that a generalist broker may not even understand.
Separate from software, IT services companies develop their own unique exposures to risk such as placing employees at a customer site and having access to customer data. TechAssure members are careful to assess your company’s specific exposures including the size of your clients; the wording of your services agreement(s), and the culture of your work force.
Telecommunications companies have been dealing for years with the specter of electromagnetic radiation fields potentially causing bodily injury. Another relatively unique Telecomm risk exposure is failure to perform during emergencies experienced by customers.
When you develop what may be a first-of-its-kind risk your solution can come from not just one or two professionals but a worldwide network of specialists who combine hundreds of years of experience.
