In the technology industry, it is crucial to stay on top of rapidly evolving systems, hardware and software advances, as well as the needs of your clients. Innovation and keeping pace with new developments can expose technology companies to higher risks.
Technology risk management can help protect your company, whatever the future brings. At CoverOrigin LLC in Worcester, Massachusetts, our agents understand the wide range of risks technology companies deal with in the 21st century. We are able to create an risk management plan that fits your company’s unique needs
Types of Technology Risk Management Coverage
A variety of risk management products are available to help protect technology companies, including general liability, cyber liability, workers’ compensation, and comprehensive business risk management.
General Liability Risk Management
For liability protection against accident, injury, and property damage lawsuits.
Professional liability (errors and omissions) risk management: To cover client lawsuits alleging mistakes, oversights, missed deadlines, mismanaged projects, negligence, or shoddy, incorrect, or incomplete work.
Cyber Liability Risk Management (First-Party or Third-Party)
For protection in the event that you or one of your clients is hit with a data breach.
Workers’ Compensation Risk Management
To cover medical expenses and partial reimbursement of lost wages for work-related injuries. Even if your workers are independent contractors, the law may hold you responsible for injuries sustained on the job.
Comprehensive Business Risk Management
Coverage options include business interruption risk management, employment practices liability risk management(EPLI), directors and officers (D&O) insurance, property risk management, office risk management, and commercial auto risk management.
The cost of your risk management package will be based upon the specific needs of your business, including the location and the forms of coverage your technology company needs. Our agent at CoverOrigin LLC in Worcester, Massachusetts, can design technology risk management for the specific industry exposures in your unique niche.
