We advise clients across the entire Communications & Technology spectrum ranging from manufacturers all the way through to telecommunications, media & publishing, and software. Our focus on current and emerging risks means we are ideally placed to work with you to identify, quantify, and then mitigate your evolving threats.
The risk landscape in the CTM sector includes:
- digital threats – hacking, viruses and other security breaches leading to financial loss, which can seriously undermine customer confidence in your organisation;
- contract warranties (privacy and network liabilities) – emerging liabilities resulting from surveillance, breach of confidentiality, anonymity or breach of statutory duties;
- acquisition or spin-off liabilities – invalidity of software rights, violation of copyrights or patent infringements;
- non-physical damage business interruption – direct or indirect failure to supply, or interference of, an IT system, loss of a contractual supplier beyond the first or second tier;
- patent, trademark and copyright infringement or patent invalidity – damages incurred in a claim against your business, cover for legal expenses such as defending a claim and other financial repercussions.
Our ability to track your changing risks, such as the shift from tangible to intangible risks, is enhanced through collaborative work with our clients, insurers, and key technical industry specialists.
Disruptive technology, also known as disruptive innovation, denotes the modernisation in an existing market that ultimately replaces an earlier technology. To maintain profitability and seize new opportunities, companies across many different sectors are embracing new disruptive technologies, bringing with it new business risks.
Our services cover the identification, qualification, quantification, and assessment of current and emerging risks all the way through to risk transfer (placement), management and reporting. We provide tailored insurance solutions ranging from physical assets (property), management liability, credit, political and security risks all the way through to intangible risks (i.e. cyber, intellectual property, patent infringement, media liability etc.).
Our expertise has enabled us to develop progressive services and solutions including bespoke insurance programme designs, placement, and management; the development of leading policy wordings ranging from assets (property) through to intangibles protection; and (Tech) professional Indemnity and Trade Credit insurance.
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Brian Alexander
Group Practice Leader Financial Institutions
T +43 664 962 39 17