Meet your advocate!

Mark Pohlman
Commercial Account Executive

Insurance and Risk Management issues in the Technology Sector are currently handled by insurance agents that have a customer or two in your industry by chance.

In fact, technology companies require, and are best served by, a technology expert. An agency who has the knowledge and expertise to understand, translate and turn your company into a highly marketable company to the insurance industry.

The technology sector of the insurance industry is, for a variety of reasons one of the more complex insurance arenas that exist. Therefore, very few agents make this their specialty - Well we do!

Call Mark at The Starr Group at 414-421-3800!

What do you mean I don't have insurance coverage?

Here is the deal:

The insurance industry recently and almost wholly mandated a response trigger in your Errors & Omissions (Professional Liability) Coverage that requires any claim occur and be reported in the current policy term. This is a dramatic & potentially devastating mandate compared to the coverage you had in the past.

Here is how it works:

possible gap

Why the change?

The insurance companies were feeling financially frustrated as past disputes became current claims. These long 'tails' reared their heads affecting prior policy years they thought were closed and safe. These now current claims were difficult to the extent that they affected prior closed accounting years. In response, the industry decided there was a better way to control these occurences - restrict/rewrite contract language, from "claims made" policies to "claims made and reported" policies!

Have you been made aware of these differences?

At the Starr Group we help businesses make informed decisions about which insurance contract to purchase. A recent study makes clear that the new "claims made and reported" contract would not have covered 25% of all claims when looking retrospectively at losses over the last 10 years.

Don't let this happen to you!

What is the benefit to working with someone who specializes in your industry? We know where to get the specific coverages that fit your needs.

Coverages like:

Intellectual Property Infringement Coverage
Technology Errors & Omissions (E&O) Liability Coverage
Network and Information Security Liability Protection
Communications and Media Liability Protection
Security Breach/Unauthorized Access Coverage
Privacy Violation Coverage
Choice of Counsel
Representation and Warranty Statement

In addition to program highlights, The Starr Group offers Human Resource Services, Safety Training, Defensive Driving Services, seminars and experience in risk transfer and contracts. Click here for more information.
*This is not a policy, but merely a general description of available coverages. Please refer to your actual policy for full coverage details, including exclusions and limitations.