If your Electronic Equipment Maintenance costs exceed $20,000 each year, there are some interesting new products on the market which can save you…
The sign of a robust economy is the number of contracts we are asked to review for our clients. Boston is genuinely a hub of global technology services, contracting with some of the world’s largest enterprises.
Most crime insurance policies exclude coverage when an employee is tricked into transferring money or property to an unauthorized party. This is considered to be willingly transferred, and is commonly known now as a “Social Engineering” crime. Social Engineering is not within the scope of most existing crime policies, which are intended for crimes such as holdups, robbery, or computer hacking by an outsider. Willingly parting with money or property is also a standard exclusion on crime policies.
N.P. James Insurance Agency sponsors Concord Carlisle High School Students In Control “Skid School” – Students Learn Driving Skills for Hazardous Conditions
Outsourcing a non-core function can save you time and lower your costs. It can give you access to added expertise, and can provide you with a valued partner in your business as the outsourcing relationship grows. In summary, here are reasons to outsource and reasons not, as well as how to get started:
Business rationale being key to your decisions regarding outsourcing does not preclude a close examination of your associated risks.
Nancy James, principal, celebrates by underwriting the publication and distribution of the Concord Carlisle Regional School District Adult & Community Education catalog.
We offer over 20 years experience in risk management and the technology insurance marketplace. Call us to help. We will be honored t
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.
With local tech companies on the short-end of the contract stick, managing risks and exposures is increasingly important.
Let’s look at issues involving risk transfer and how it might draw added value toward you and your products.
Internet Data security is currently the number one technology challenge. Insurance programs can cover statute risks
E-Commerce and Web Site Liability: Make sure your insurer is prepared to defend you for any related claims against you.
Certificates of Insurance are often a source of confusion. In an effort to shed some light on this illusive document, I have outlined a few keys points pertaining to certificates of insurance.
Software in the 90’s is a “tangible”, a “good”, and no longer considered an intangible, or service. The insurance implications for software professionals is ominous!
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.
Guest article by Gustav Widmayer – Let’s face it, when the winds die down, no company has any business braving the high seas. So, what should you do when bookings are scarce, billings are down, and backlogs are depleted? This captain is scouring his ship from stem to stern.
Technology manufacturing is the backbone of our New England economy. Our Massachusetts manufacturers have long exported nearly 1/3 of our technology products, making Massachusetts an important part of the global economy. Risks of the international marketplace naturally follow.
Your losses may not be covered. One lesson often learned very painfully is loss of property stored somewhere other than at your office premises.
A word on possible exclusions to your policy. You have been reading in the press about insurers difficulties with terrorism.
The peril of a $70 billion loss to a $300 billion industry has made insurers wary. That, exacerbated by an only slightly hardening…
As an editorial observation by this author looking back over 30 years of professional work in technology, I am compelled to draw some provocative conclusions. In the old days, when we re-wired boards to run IBM 80-column cards, we’d call Chris when things got tangled up.
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!
Equipment Maintenance agreements are a major expense to every business and very profitable to manufacturers and venders. Experts generally agree that equipment maintenance contracts are mandatory for a smoothly running office.