Articles
Sharing the Risk - This Is Not A Test
In the wake of September 11th’s tragedies, insurers are quietly making good on their annual promises to pay losses. Interestingly, all policies exclude war related losses in a very broad way. However, America’s insurers are stepping up to the plate in the biggest way they ever have, declaring these losses as "terrorist acts" and not excluding coverage. Does that affect you? Absolutely!
Technology Risk - What You Can Transfer, What You Cannot!
In economically troubled times business risks take on increased weight. You need to understand what risk you can transfer and what risk you cannot.
Remote car door locks – code can be intercepted
Advice is to use the lock button on your car upon exiting, which does not send a security code through the airwaves.
Contracts and Your Insurance
Your attorney reviews all of your contracts, customarily asking you to send the insurance portions to us for review. Our habit is to comment on each clause and section, advising our clients what is covered and what is not covered under their current policy. After 20 years of business we also have a good sense of what is reasonably asked of you under any contract and what conditions you may be able to negotiate away.
Insuring Intellectual Property - How to Protect Yourself
Intellectual property, hard copy and in cyberspace, should be carefully examined to determine what insurance can best protect you.
Intellectual Property Matters: Patent Infringement
As a technology based company, knowing you have developed state of the art products, you aggressively pursue selling a service contract to that large corporation you know badly needs your services. Required limits of liability usually follow, with specifics of coverage and "Additional Insured" status requirements.What do you do?
Intellectual Property in Contracts -- and Your Insurance
Most software licensing agreements contain clauses regarding intellectual property infringement, usually indemnifying the client for any IP infringement complaints. Rarely are these clauses supported by insurance, which is important to understand should problems occur.
Computer Crime
Computer theft is currently a $10 billion industry. Insurance claims on stolen computers have increased 600% with average theft claims in 1992 of $5,000 growing to $500,000 in 1998. Crimes where computers are the targets are currently being replaced by computers being used as the instrument of crime - are you safe?
LLCs versus Personal Trusts for Seasonal Homes
LLCs are a very bad idea for seasonal homes
Cyber Warfare & Trade Disruption
Background:Embargoes, prohibitions of outsourcing (especially when involving communications infrastructure), confiscation or freezing of foreign assets and/or currency, and contract repudiation can likely ensue during panic mode.
The First Internet Liability Insurance Policy
The First Internet Liability Insurance Policy
RISK is a 4-Letter Word
Let’s look at issues involving risk transfer and how it might draw added value toward you and your products.