Our risk management strategies help technology companies drive continuous innovation, endure future challenges, and achieve ambitious growth objectives. We work alongside our clients to help extend your current insurance program's capabilities, optimize your risk spending, close coverage gaps, manage exposures, and find new growth opportunities. Our Technology Risk Management Program offers comprehensive insurance management services to help your organization carry out its mission and mitigate the risk exposures your business experiences. Some of the critical challenges the technology industry must address include the following:

• Cybersecurity breaches can result in the loss of confidential data, damage to a brand’s reputation, and loss of revenue. As more businesses store sensitive information electronically, they become prime targets for hackers looking to steal this data.

• Employment practices increase a company's liability risk. Wrongful termination and sexual harassment claims can put a firm in serious financial distress. It is very important to implement strong internal controls and procedures alongside comprehensive insurance coverages to protect organizations from financial loss.

• Errors and Omissions allegations made by clients pose a risk for the technology industry. Missing a project deadline, allegations of negligence, errors in services given, and omissions can lead to costly lawsuits. 

• Product recalls and liability claims can cause severe financial distress for technology companies. It's essential to have proper coverage to help protect businesses from liability claims due to damages caused by their products.

• Strong organization internal audits, controls, and third-party CPA companies can reduce employee theft significantly. But unfortunately, even the most vigilant firms have reportedly sustained substantial losses. A Commercial Crime Insurance policy can help safeguard an organization from corporate asset theft risk and more complicated cyber schemes.