The start of 2020 has brought uncertainty for tech businesses as individuals in the global health and business communities grapple with trying to understand and contain the deadly new coronavirus. Originating in Wuhan City, Hubei Province, China, the coronavirus has
Tech Risk Report
Protecting Innovative Companies Against 21st Century Risks
Latest from Tech Risk Report - Page 3
Avoiding Traps for the Unwary in Excess Insurance Policies
Companies that wish to have higher limits of insurance than their primary (or umbrella) insurance companies are willing to provide usually can purchase excess insurance policies. Excess policies respond to losses above the limits of the primary layer of coverage.…
Employee Biometric Data: Are You Covered for Collecting or Using It?
Insurance coverage lawyers and commentators have drawn considerable attention to state and federal data protection statutes in recent years. E.g., Freya K. Bowen, “Beyond GDPR: Insurance Coverage for Emerging Cybersecurity and Privacy Regulatory Exposure,” Perkins Coie Tech Risk Report (April…
The Risk of Settling Claims Too Quickly
If your business gets hit with a demand letter or lawsuit, your first inclination might be to get rid of the problem as soon as possible. In the tech world, particularly for companies that are just getting off the ground,…
When Business Relationships Go Bad: Maximizing Your Technology Professional Liability Coverage for Breach of Contract Claims
The ability to build and maintain strong relationships with business partners and vendors is an essential requirement for any business seeking long-term success. This is especially true in the fast-paced technology sector, where a company’s ability to put its innovative…
Are Climate Events Threatening Your Supply Chains?
Wildfires have wreaked havoc on, and caused incalculable losses to, individuals and businesses in California over the last three years. These disasters—caused by a series of conflating events, including massive shifts to the climate—are not limited to the Golden State,…
Technology E&O Insurance
Most firms that provide technology services or products have insurance to protect them against the risk that a dissatisfied customer will bring a claim or a lawsuit against them for damages arising out of the company’s products or services. It…
Filling Out a Cyber Insurance Policy Application: Do Not Give Insurers a Material Misrepresentation Defense
As the risks associated with cyber liability continue to evolve, so do the insurance products that are theoretically meant to protect against those risks. As the insurance industry attempts to keep pace, the applications that insurers are using to capture…
Preparing for Data Breaches: Data Mapping, Response Team and Insurance
Data breaches are up significantly in 2019, exposing billions of confidential records and costing companies millions of dollars on average per breach. Security experts counsel their clients that data breaches are inevitable as even the largest, most secure systems…
Self-Driving Cars Coming to a Store Near You!
Why is this technology so exciting?
The National Highway Traffic Safety Administration (NHTSA) has noted that 94% of auto accidents are attributed to some form of human error on the part of drivers. In 2014, there were an estimated 1.25…