Technology

Self-driving Uber Crash Points to Risks in Autonomous Vehicle Technology

Autonomous vehicles (AV) are changing the way the world drives. Yet this emerging industry is also changing how technology companies think about limiting liabilities in case their products do not work as intended. In the aftermath of the death of a pedestrian struck by an Uber self-driving vehicle on March 18 in Arizona, the future…

The Rise in Mobile Apps & Need for Tech E&O Insurance

Technology firms are beginning to silently carry the small business sector as 62 percent of small businesses already have, or are in the process of building, a mobile application to support their business. Of those businesses, 30 percent have revenue generating mobile applications or apps.1  With approximately two-thirds of the country’s small businesses depending on…

Defensive Measures

As cyber espionage and data breach threats escalate, new coverage strategies emerge to protect professionals from cyber vulnerabilities When Yahoo announced a data breach in which at least 500 million accounts were compromised, it was big news, but hardly an isolated incident. That same week, hackers went public first with a picture allegedly of First…

Insurance Vulnerabilities in Building & Implementing New Software Programs

Software errors and omissions can cause millions of dollars in financial stress to a company. From tennis shoes to canceled flights, a simple mistake could mean the end for a business. For example, the software that ensured proper fulfillment of Air Jordan basketball shoes had a glitch that resulted in unequal distribution, costing Nike a…

Pokémon GO leaves some yelling Pokémon No!

3 insurance risks and insights associated with the fastest growing app in history Pokémon GO is the fastest downloaded mobile app of all time, and everyone is talking about it. Hitting number one on the app downloads chart in five hours, Pokémon GO now has more than 23 million people playing daily.1 Although more individuals…

A Business Essential: Technology Errors and Omissions Coverage

Companies providing software development and information technology services are living dangerously. The kind of standard, general liability insurance these companies possess often falls short of protecting them. Even the smallest coding error, such as a missing decimal point, could open them up to a variety of exposures. To be fully covered, what they really need…

Cyber Liability Coverages Every Client Should Be Aware Of

Edward Snowden may be a thorn in the side of the National Security Agency. Yet, his actions have highlighted the importance of cyber security and the need for cyber liability coverage. This is a critical issue, which agents and brokers should be discussing with clients. Most business entities have digital content stored on email systems,…

Targeting Virtual Vulnerability

Targeting Virtual Vulnerability

Cyber attack can strike any business, anytime Businesses, beware: Cyber liability victims come in all shapes and sizes, exposures may come from any direction, and nearly all organizations are potential targets. According to the Ponemon Institute, a Michigan-based research center dedicated to privacy, data protection and information security policy, 51 percent of CEOs surveyed reported…

Cyber Myths

Five Cyber Liability Myths That Imperil Your Clients’ Business

This fall, several large U.S. banks found themselves as the targets of a massive cyber attack, crippling their online banking services. Security analysts believe this was the biggest attack of its kind – and it will not be the last. Yet, it is not just big, well-known companies that need to be on alert. Data…

Tech E&O

Technology Errors and Omissions

Exclusive Burns & Wilcox , Atain’s new Technology E&O product features a cyber liability option In today’s high-speed, tech-driven world, change is constant, competition tight and risk seemingly lurking around every cyber-corner. For professionals who do business in this high-stakes environment, the need for specialized, tech-oriented errors and omissions (E&O) coverage has never been greater….