In recent years we have seen a number of cases where high-growth technology companies have been operating with insufficient insurance cover.
(PRWEB UK) 11 May 2015
Start-up technology companies need to check their insurance policies to ensure they aren’t being exposed to great risk, a leading independent insurance broker has warned. This comes just after a leading industry report found UK technology CEOs identified the USA and Western Europe as the biggest opportunities for growth over the next 3 years.
To help technology companies understand their current risks, P J Frankland Ltd, an independent commercial insurance broker, have launched Protecting Your Technology Business, a new e-book dedicated to overcoming the risks faced by growing technology companies. The book outlines the challenges technology companies face, such as intellectual property disputes or operating in overseas markets, and ways to minimise the risks associated with them.
High-growth companies have been identified as being most at risk from inadequate insurance cover because of a lack of understanding about international markets, limits of insurance and professional liabilities.
“In recent years we have seen a number of cases where high-growth technology companies have been operating with insufficient insurance cover.” Said David Harrison, Director at P J Frankland Ltd.
“Business owners start out with a standard office insurance policy then, as their business grows, they forget about insurance and concentrate on running their business. This often leads to them exposing their business to a great deal of unnecessary risk.”
Note to Editors
Franklands is a leading independent commercial insurance broker based in Derby. Of the 3000+ Insurance Brokers in the UK, Franklands is one of less than 5% that hold Chartered Status and are entitled to use the title 'Chartered Insurance Broker'. This status is bestowed by the Chartered Insurance Institute on those Brokers demonstrating a proven commitment to developing and maintaining the knowledge and capability of their people so they can deliver the highest quality advice.