The digital world changes at breakneck speed. From mobile devices and tablet computers to PCs and servers, technology and the way it is consumed is changing all the time. Whether you’re a hardware manufacturer or reseller, a software design company or an IT consultant, you are exposed to a wide variety of risks – both on and offline. What if your company lost a huge amount of vital data? Or one of your products caused your customers to suffer financial loss or loss of productivity? And how would you be protected if your company was negligent in allowing someone else’s data to be stolen? Or if your employees violated someone else’s intellectual property rights? The lawsuits you could face would be complex and time consuming – as well as incredibly expensive to fight. That makes technology insurance an increasingly crucial asset.
Many high tech companies purchase a range of insurance products to mitigate these risks. However, it is important that this is done carefully and with the help of the right broker due to the complex nature of the risks and the associated coverage. For example, there are major coverage enhancements available for little or no additional cost which are often missed or you may be paying over the odds for insurance which can be purchased more cost-effectively. And you need to be sure that you have adequate limits. Not just to cover offline risks, but the risk of cyber or online crime. Finally, there are risks associated with breaches of privacy which can sometimes be overlooked. However, Axis Insurance has many years’ experience creating insurance coverage for high tech companies, and can create a program tailored specifically for your needs.
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“For the past 12 years Axis insurance brokers have helped us secure difficult and irregular coverages for our commercial enterprises around the world. Nobody is more creative and thoughtful when it comes to securing unusual, specialty coverage at affordable rates than Axis.”
– Frank Schilling, Founder & CEO, Uniregistry Corp.“We worked with Axis on a comprehensive review of our existing insurance program. Axis made sure they understood our business, including the international operations and our plans for growth, and made a number of recommendations that we implemented. Dave Marsh took the time to explain how the policies fit together and why each element of the program was important. We’d recommend Axis and Dave Marsh to any technology company looking for an insurance advisor.”
– Davis Pais, CFO, Apivio Systems Inc.