Technology has become an irreplaceable part of our daily lives. But for companies in the technology industry, it is the very core of their business and carries the bulk of their risk. With an exponential rate of change, the technology industry is an increasingly complex field with great opportunity.
At Stuckey & Company, we know the technology business. We are one of the largest providers of technology-specific insurance programs that offer comprehensive coverage for this intricate industry.
To make our technology program even more competitive, we have recently added the SafetyTek Technology Expansion Endorsement. This endorsement makes our Technology Professional Liability coverage even more comprehensive by offering the following features:
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- Broadened coverage that now includes:
- Management Consulting, Telecommunication Services, and Information Technology Staffing and Placement
- Innocent Insured
- Contractual Liability
- Defense costs outside the limits of liability, and
- First Dollar Defense
- Broadened coverage that now includes:
In today’s competitive market, you can trust that Stuckey & Company will continue to lead the pack in Technology Insurance. We are always looking for ways to improve our programs, and the SafetyTek Expansion Endorsement is one way we are providing you with the cutting edge tools necessary to serve the clients of today’s technology industry.
For more information about the SafetyTek Technology Expansion Endorsement, contact us at 800-828-3452 and ask for Maggie, Rachel, or Dwight.
And, don’t miss our free webinar on the SafetyTek Expansion Tuesday, July 27th, 2010 at 2:30 cdt.
Maggie Hammett, Tech E&O New & Renewal, will discuss the details of this important new endorsement and how it will effect your ability to write new technology business.
Earlier this month, the Dow Jones Industrial Average plummeted almost 1,000 points in a matter of minutes. Sources report a trader attempting to short-sell 16 million shares of S&P 500 stock entered a “b” for billion instead of an “m” for million. This slight human error, exacerbated by a market made more volatile by high-speed trades and automatic sale orders measured in milliseconds, caused traders to scurry and liquidity to vanish. Stocks that were selling for $40 at 2:47 pm were worth no more than a penny at 2:48 pm. The Securities and Exchange Commission (SEC) has begun reviewing the potential problems caused by high-frequency trading. Yet, the impact of human error on this volatile market is daunting.