Communication, Media & Technology industries
In this world full of uncertainties, Howden provides specialist industry-based advice, insurance placement and claims advocacy services, and also leverages relevant data, technology platforms and analytics helping you to reduce your total cost of risk.
Companies that operate in the area of Communication, Media, and Technology services (“CMT”) are faced with a number of risks that are very different compared to other industry sectors.
The CMT sector has undergone so much change the last 2 decades that professional liability and cyber risks have become extremely difficult to quantify, to qualify and to manage.
Many of the clients of the CMT service providers rely heavily on your services and everything that can go wrong might end up in huge liability claims for failure to supply a service, non-performance, business interruption, privacy or network breaches.
Howden can help you understand and manage these risks and is able to translate the coverage of these risks in clear insurance policy wordings. We can also help you with an insurance mapping/gap analysis, i.e. mapping your risks (based on your own risk map of one we develop together) against your existing policies. We will as such be able to identify any gap in insurance coverage and what you can do to put in place a more comprehensive insurance package, be it through traditional risk transfer solutions or alternative risk transfer solutions or a combination of both.
Within our group we have expertise to deal specifically with the following CMT-companies:
- Telecom / Internet Services
- Software and IT Infrastructure Companies
Besides the more traditional insurances, we provide specific tailor made solutions and services in the field of, among others:
- Professional Indemnity/E&O-insurances including Failure to Supply a service
- General & Products Liability (taking into account borderlines with E&O)
- Cyber First & Third Party insurances
- Crime insurance (also in conjunction with Cyber insurance)
- Directors & Officers Liability
- Property Damage & Business Interruption
- Non-Damage Business Interruption