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Technology

Insurance Protection Customized for Technology Exposures
Mesirow Financial understands that technology plays a critical role in every business today and, consequently, has a big impact on risk. Properly insuring these companies requires recognition of the risks involved and the ability to respond to the shifting business models of the company. Property and casualty insurance is the cornerstone of any risk management program and Mesirow Financial's experts have the insight, expertise and negotiating skills to secure comprehensive insurance programs that help protect against loss.

Today's technology sector is experiencing an increase in the number of Errors and Omissions (E&O) lawsuits at a higher rate than in other economic sectors. Most commercial general liability insurance policies do not cover this exposure or many other exposures unique to technology companies. It is critical to have an insurance program written specifically for technology industry related risks.

Customized Risk Management Program
Our experts have extensive training and expertise in all areas relating to Technology risks. With their knowledge and experience they are able to evaluate any type of business and customize a comprehensive insurance program that will protect the assets of the organization as well as recommend solutions to help mitigate risk. This process includes:

  • Detailed risk assessment
  • Custom designed program
  • Business income and extra expense evaluation specific to Technology operations and start-ups
  • Disaster recovery planning for entire operation beyond data recovery
  • Contract review by industry experts
  • Loss control evaluations by experts in the field
  • Knowledgeable claims assistance
  • Written service plan including regular reviews of exposures, limits, deductibles and ways to mitigate losses
  • Informative coverage comparisons
  • Negotiation power for client specific coverages, terms and conditions

Targeted Corporations
We can help our customers and prospects with insurance programs that are specifically designed for technology firms in the following industries:

  • Electronics Manufacturing – including computers, electronic components and peripherals, industrial electronics, instruments/measuring equipment, and telecommunications/broadcasting equipment manufacturers
  • Information Technology – including software products, computer programming services, system integrators, e-commerce enablers, and system designers
  • Telecommunications – including equipment and infrastructure manufacturers, telephone service providers, and wireless services companies
  • Medical Technology – including the manufacturing and distribution of medical devices, diagnostic, invasive and life support systems; biotechnology companies and pharmaceutical companies

Products and Services for Technology Firms
Mesirow Financial has formed long-term, strategic partnerships with the leading insurance companies that offer the best programs for technology companies and allow us to customize these programs to meet the specific needs of each client. These coverages include the following types of coverage:

  • Professional Liability/Errors and Omissions Liability
  • Internet/Cyber Liability
  • Property – including Equipment Breakdown
  • General Liability
  • Products/Completed Operations including Human Clinical Trials
  • Automobile
  • Workers' Compensation
  • Umbrella/Excess Liability
  • International/Global coverages
  • Surety
  • Management Liability – Directors and Officers Liability, Employment Practices Liability, Fiduciary and Crime

Specialized Expertise
We understand the need for timely and innovative solutions that are specifically designed for your operations as well as your unique claim exposures. Our specialization in the technology industry protects your company by eliminating coverage gaps and uninsured losses.