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In The News, COVID-19 Nancy James, Technology Risk Specialist In The News, COVID-19 Nancy James, Technology Risk Specialist

COVID-19 and Y2K

Y2K in 2000, like COVID-19 in 2020, was novel with respect to not anyone having prior experience with the issue. While the severity of long-term COVID-19 economic issues cannot be underestimated, or possibly estimated accurately at all at this time, once again desperation turns to the assets of insurers to assist in economic support for businesses.

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Risk Management Nancy James, Technology Risk Specialist Risk Management Nancy James, Technology Risk Specialist

IT as a Commodity: The Premise

Be sure your insurer understands your new operational configuration and has solutions within at least the same boundaries as before you outsourced. You will need to consider all outsourced services as branches of your own offices and operations. Coverage for each function should be analyzed and insured by you if not by your outsourced service provider.

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Hardware Risk Nancy James, Technology Risk Specialist Hardware Risk Nancy James, Technology Risk Specialist

Unexpected Losses

Indirect income loss from assemblers, shock loss from dropped boxes, or shipping loss even with F.O.B.: understand what the potential problems and solutions are.

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