Tech & Innovation

Professional Indemnity insurance tops the list of cover sought by Tech firms, mainly addressing the crucial product or service failure risk. For many companies PI is a contract driven policy. Coming next would be that nebulous flux of IPR, cyber liability and data breach risks. Tech companies struggle with these insurance areas. The insurance industry hasn’t helped with multiple cyber and tech policy offerings which make comparisons difficult.

Renewables are set to drive social and manufacturing change in many sectors and new types of insurance will be required. Innovation Broking are at the forefront of this work.

Cyber security is one of the fundamental issues of business in the digital age and there are a host of widely differing offerings from the risk management and insurance industry.

It is now commonplace for Directors to be sued when numbers go the wrong way. Bringing outside investors into the company massively increases risk particularly when listing on public exchange. Risk also multiplies as soon as there are North American investors.

Due diligence exercises are often time critical, precluding a detailed document review , and require real experience to know what to look for.

The United Kingdom is fortunate in having a knowledge economy supported by national and local governments and built on a great University infrastructure and the unique National Health Service. This in turn spawns inventions in all fields of pure science and engineering likely to in turn create insurance demands never seen by  the traditional insurers.

Whether a device or a drug company, a contract service provider, an adviser or an investor – Innovation have specialist expertise in designing and arranging insurances for health and life science businesses.

VC firms as a function of their nature accept a higher than average level of trading risk to obtain higher return.Portfolio insurance reviews are one way of avoiding unintended assumption of risk.

PE firms are adroitly aware of the need to transfer as much operational risk from their funds as possible. This isn’t a process for the faint hearted.

VC firms as a function of their nature accept a higher than average level of trading risk to obtain higher return.Portfolio insurance reviews are one way of avoiding unintended assumption of risk.