Technology & Innovation
Technology, innovation and creativity are moving at an astounding pace. The global marketplace is truly an arena for all companies to connect, collaborate, trade and compete.
As companies from start-ups to scale-ups drive forward, the complexity of business risk expands. International contracts, IP protection or infringement, employees, R&D expenses, professional advice and corporate espionage are all very real examples.
A business exposed to these risks can quickly find itself in severe financial difficulty if it fails to protect itself against them.
1. Understanding the risk exposures
Does the management team really understand where the risks lie? It’s not what you know that matters, it’s what you don’t know that really matters. That’s where the serious dangers are.
2. Managing the risk exposures
Does the management team understand how to do this? Does it know Health & Safety legislation (even for a small office), does it understand the financial exposures within international contracts, does it understand the terms & conditions of cloud-based contracts and so on?
3. Transferring the risk
Buying insurance is easy. Just pop online and get a quick quote. Unless points 1 and 2 have been fully considered what’s the point of buying an insurance policy? At an average of 26,000 words of legal jargon how do you know a claim will be paid when you make one?
From space to biotech. From software to media. We create risk protection programmes that are both highly effective and cost-effective.
We have significant experience in Technology and Innovation.
We are heavily involved in the tech scene through Global Tech Advocates, London Tech Advocates, Tech Scotland Advocates, Tech East and several incubators across the UK.
We act for dozens of well-established scale-ups demonstrating outstanding and inspirational growth.
