Blog > 5 Need to Know Tech Insurance Terms
Technology companies own valuable intangible assets, such as sensitive data, software and intellectual property, which a general liability policy doesn’t account for. General liability provides protection in the event of bodily injury or property damage. Technology insurance coverage is designed to protect against the significant risk of economic loss related to intellectual property, network liability and network and cyber property security.
A comprehensive risk management plan needs to guard against the unique exposures that technology operations present. Specialized technology insurance is relatively new and the terminology is still evolving as more claims are handled and new exposures are discovered. As a result, the terminology can be confusing and hard to understand. The following terms are some of the most common you will need to know to best understand your technology insurance protections:
The exposures and threats of technology business operations will continue to grow as the technology industry does.
Contact us today to see how we can help you keep your business protected against these specialized risks.< Back to posts