Evolving technology creates new risks that technology businesses might not see. Our Risk Advisor Series on emerging risk for technology businesses helps our technology clients stay ahead of these risks by offering informational materials that explore emerging risks and legal trends, including Risk Advisor briefings and educational videos and papers.
A global supply chain brings global exposures that high-tech manufacturers must manage. Companies who understand these risks will be better positioned to protect themselves from liability should something go awry. This issue of Travelers Technology Risk Advisor exposes some of those risks and highlights actions high-tech manufacturers should consider as part of an overall effort to manage global risks.
Download our latest Risk Advisor issue, "Don’t get caught in Shanghai with your transistors down."
With the growth in wearable technology across all types of industries, companies that never before considered themselves in the technology business face new risks they need to be prepared for. Being aware of these threats and following strategies to help protect against them can help businesses focus on the growth opportunities that connected technologies make possible.
Download our Risk Advisor issue, "The Wearables Revolution has Arrived."
The ubiquity of personal devices is changing the way the corporate world operates. Businesses once built strong firewalls to block external access, banned employees from backing up their work on portable hard drives, and allowed connectivity only through company-issued devices. Today, eager to hold down costs and happy to take advantage of well-connected employees, some of these same businesses are adapting their policies to embrace Bring Your Own Device (BYOD). But many more are simply standing by as employees incorporate BYOD into their work lives, without waiting for permission or policies.
Download our Risk Advisor brief, "Bring your own device (BYOD): Everyone is doing it."
Cybercrime is a threat that is expanding rapidly as more and more business activity goes digital. Data breaches have become so common that few make headlines except when they involve millions of people or afflict renowned companies. Ignoring cyber threats can result in lost revenue, costly loss mitigation and potential liability.
Download our Risk Advisor brief, "Cyber threat reality check -The threat is growing - ignoring it can be costly."
In an age when a negative post can go viral and reach millions of people in ever faster time, reputation management is moving to the forefront of corporate concerns. Yet the issue of protecting one's image pre-dates the technology era by centuries. Consider the advice of Socrates more than 2,400 years ago: "Regard your good name as the richest jewel you can possibly be possessed of…."
A troubling increase in counterfeit components means many industries are at risk for delivering imperfect products or faulty services. Whether it's a medical device firm counting on sophisticated components to safeguard a patient's health, a manufacturer delivering finished products to eager customers, or a transit system ordering an automated safety system, no business can afford the damage and liability that can be caused by undetected counterfeit parts. Unfortunately, distinguishing real parts from fake ones is not always easy.
This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Availability of coverage referenced can depend on underwriting qualifications and state regulations.