Advantage Talk Case Study - Tech Company

1. EXPERT ADVICE. WAY ABOVE THE ORDINARY. Client Stories - Protection Bespoke insurance solutions for today’s tech company A complex picture Technology companies have complex insurance needs – balancing cyber threats with more traditional risks Client: Retailer, reseller and supplier of computer associated with people and products. It can also be a equipment including assembly and system design struggle to find insurers that provide a holistic solution. Insurance arrangements: Commercial Combined This was highlighted when we carried out an audit for covering contents, stock, public, products and well-known IT wholesaler/reseller. employers liability Excess Public Liability We could already see that the number of polices, all with Computer / Cyber different insurers had created a fragmented programme Professional Indemnity Management Liability and possible gaps in cover. Advantage Risk Solutions Ltd is authorised and regulated by the Financial Conduct Authority (FCA). Firm reference number 629688. www.advantageuk.net ISSUE 02 March 2016

2. Having to cover everything from extortion to crisis Finding balance management means it can be hard to see where one We were able to provide the clients with access to risk starts, and the other one stops. For example, our superior cover and whilst it did give them a cost saving client had a specialist cyber policy but it only covered for on their premium it also helped them in a wider way. It certain threats – leaving them vulnerable to business was valuable for the client to access specialist risk interruption, financial loss and also possible reputational management advice and to know experts in the industry damage. had created a solution tailored to their specific needs. Understanding individuality The best way to ensure the clients were properly Who are Advantage? covered in all areas was to engage with specialist Advantage Risk Solutions Ltd is a specialist insurance providers. They could really understand the challenges broker and risk advisor to private individuals, not for facing the tech industry and create a bespoke solution profit organisations and businesses across a wide range that addressed the risks, reduced the gaps in cover and of disciplines and industry sectors. strengthened the client’s buying power. The client is safe in the knowledge that their cover is structured in the best We like to think that our approach is refreshingly possible way, and also allows them to call on PR and different. Quality advice and exceptional service are crisis management experts to mitigate the negative always our top priority. It’s the way that we think impact on others, helping to protect their reputation and creatively and how we bring this advice to you that brand. stands us far from the crowd. Want to know more? Let’s talk - 01256 483969 Any views or opinions expressed in this briefing are for guidance only and are not intended as a substitute for appropriate professional guidance. We have taken all reasonable steps to ensure the information contained herein is accurate at the time of writing but it should not be regarded as a complete or authoritative statement of law. Advantage Risk Solutions Ltd is authorised and regulated by the Financial Conduct Authority (FCA). Firm reference number 629688. www.advantageuk.net ISSUE 02 March 2016