WHY AHT FOR TECHNOLOGY COMPANIES?
AHT is on the forefront of innovation with insurance policy language to meet the needs of our technology clients. At AHT, we couple our experience with resources to craft purposeful results.
Our team of highly experienced professionals provides customized benchmarking, in-house risk management, loss and litigation evaluation and expert contract reviews. We dedicate a minimum of three team members to each account — ensuring our client’s needs are met and we are able to proactively manage your risk and insurance needs.
SAAS, aeronautical and other transportation related technologies, game/app developers, publishers, government contractors, big data, cloud, artificial intelligence, cyber security, medical technology, advanced manufacturing and more.
Global Services Available
Expertise Covering Global Locations
Better, cheaper, faster. Technology enabled services define today’s fast moving global economy. Companies use proprietary technology to aid in delivery of a service to create efficient and cost effective solutions. Ways of doing business are continuously evolving leading to new opportunities to reach customers and derive value.
This fast paced environment lends itself to a greater risk profile. AHT and Mason AHT’s deep and historical connection to innovative companies allows us to anticipate necessary changes as your business scales. Start-up to multi-national, we can configure a program that works for you. We coordinate baseline property and casualty insurance with specialty insurance products that address very specific risks. This includes executive protection, E&O liability, cyber, and intellectual property.
Challenging the Status Quo
Many internet marketplace or “gig economy” companies aim to disrupt traditional industries. Innovation always brings new, unforeseen risks that are relying on a legal framework that predates their existence. Working with a broker that understands how to navigate the complex risk profile of an internet-based company is vitally important.
Innovative Solutions for Complex Innovations
Many internet-based companies utilize independent contractors (not employees), which can open new areas of risk for the company. There is little legal precedent for most issues that arise and the law is frequently vague or nonexistent for such new concepts. Increased regulatory burdens can also present new headaches and risk management obstacles.
Information Technology and Telecommunications
Commercial Information Technology allows enterprises to store, transmit and recover data, therefore securing a company and allowing it to prosper. However, by managing such large sums of important data and working to secure a company’s information, IT companies face risks that can be transferred through strong insurance solutions. The Communications Industry also faces increasingly global and complex risks.
AHT and Mason AHT have developed insurance and risk management programs for some of today’s leading technology and communications companies. Since the DOT-COM era, we have worked with a variety of technology and communications companies, including:
- Hardware Manufacturers
- Software Developers
- Cloud/SaaS Providers
- Big Data
- Social Media
- Mobile Device Manufacturers
Covering companies the IT and Telecom industries is highly complex and require a broker with technical expertise and market leverage. We work with the leading global and national insurers to craft coverage that addresses the unique exposures brought on by the use of technology as a service or product. Coverage can include the following:
Tech E&O / Professional Liability
- Third party coverage
- Financial injury to a third party caused by errors in your product or negligence in your provision of services
Data Privacy Liability
- First or Third party coverage
- Privacy remediation expense
- Privacy regulatory defense costs
- Privacy regulatory fines and penalties
Network Security Liability
- First or Third party coverage
- Business interruption
- Data restoration
- Cyber extortion
- Third party coverage
- Advertising and Personal injury
- Infringement of copyright or other intellection property
Directors & Officers Liability
- Coverage for Executive Liability
- Coverage for the Entity
- Public and private entities
“AHT delivers on their promises. The solutions AHT provided were exactly what our company needed and we did not even realize it! We had always looked at insurance as a commodity before we met the team at AHT. Now, we see insurance as a way to not only protect our business, but as way for us to grow our business with confidence.”
BUILDING OUR NETWORK, LEADING & GIVING BACK – OUR ASSOCIATION MEMBERSHIPS
AHT is a founding member of TechAssure — the first organization for risk professionals focused on technology exposures. Given the evolving Technology and Life Sciences marketplace, AHT, along with 8 other highly technical like-minded insurance agencies, formed this alliance to share ideas and present the best solutions to our current and future clients. Since its founding, TechAssure has grown to over 25 members representing over 10 countries and continues to grow.
AHT and Mason AHT are founding members of TechAssure — the first organization for risk professionals focused on technology exposures. Given the evolving Technology and Life Sciences marketplace, AHT and Mason AHT, along with 8 other highly technical like-minded insurance agencies, formed this alliance to share ideas and present the best solutions to our current and future clients. Since its founding, TechAssure has grown to over 25 members representing over 10 countries and continues to grow.
TECHNOLOGY PRACTICE LEADERS
Senior Vice President, Shareholder, Member of the Board & Technology Practice Leader