Businesses in the technology, life science and communication sectors own valuable assets such as sensitive data, software and intellectual property. These are assets that a general liability insurance policy would not always provide protection against and may not always satisfy all of the regulatory requirements.
Specialist technology insurance is relatively new and is still evolving, but our team are kept up to date with these changes and our relationships with carefully selected insurance providers allow you to benefit from a range of bespoke products.
As experts in this area we are often asked to share our knowledge and advice at seminars, such as at the Engine Shed in Bristol and the Bath Innovation Centre. We are also a regular sponsor of TechSpark events and the Sparkies Awards.
Technology insurance cover is designed to protect against the significant risk of economic loss related to intellectual property, network liability, and network and cyber property security. When assessing your risk management strategy we will be looking at the types of cover available and what is relevant to your particular organisation.
This specialist area includes pharmaceutical, biotechnology, medical device, food supplement, cosmetic, laboratory instruments and research and development companies, and is an ever developing field. Key elements of your policy may include cover for clinical trials, product withdrawal expenses, crisis management and business interruption expenses to include R&D payments, amongst contractual liabilities.
Dave Ranner - Camera Forensics
Tom Smart - Unit DX