Global Coverage for Technology and Life Sciences
As technology companies expand, so do their global exposures. Overseas markets bring new customers, new opportunities and, of course, new risks:
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An employee might be injured while traveling abroad for business
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A foreign manufacturer might sue for a defective part your company supplied
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Office equipment can be damaged in a fire at the European sales office
Many traditional business insurance policies stop short of providing adequate coverage abroad. Fortunately, Travelers offers a full line of global insurance coverage and services available to technology companies, including:
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General liability (including financial interest, tax liability and crisis management)
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Property
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Auto (DIC/excess liability)
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Foreign Voluntary Workers Compensation (including emergency evacuation and repatriation)
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Employers liability
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Accidental death and dismemberment
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Kidnap and ransom
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Global panel counsel services
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Global executive support services
Transforming today’s supply chains
Almost every technology company today is vulnerable to supply chain disruptions. If you are implementing advanced technologies to address supply chain inefficiencies, consider the importance of understanding and planning for the associated risks.
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Travelers Logo. Title: Transforming Today’s Global Supply Chains
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Supply chain disruptions continue to impact today’s technology companies.
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Global shortages of critical materials and components have exposed supply chain weaknesses and accelerated the adoption of advanced technologies, such as additive manufacturing, automated facilities, drones and digitization.
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Robots move materials through a warehouse.
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These solutions can transform supply chain management, reducing inefficiencies and increasing speed to market. Successfully integrating them into your operations requires a plan to address potential risks.
If you are turning to additive manufacturing to create products faster, consider developing a robust product testing program to minimize product defects.
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Individuals test a product; a 3D printer creates a component.
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Automated facilities, drones and tracking devices call for implementing proper safety protocols designed to reduce risks.
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Robotic tracking devices move around on a warehouse floor, workers in PPE monitor machines in a manufacturing facility.
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Real-time, end-to-end visibility requires digitizing your supply chain ecosystem and incorporating the necessary IT security measures to protect the data generated across your interconnected global networks.
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Individuals at various computer stations, an image of a globe with lines connecting countries.
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As you grow your global operations, you may find yourself vulnerable to supply chain disruptions. Including insurance is an important asset in managing risk.
Ask your agent or a Travelers representative about Travelers’ Global CompanionSM Plus+ policy for global coverage solutions and more.
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Learn more ways to cover your global risks. Visit travelers.com/global
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Travelers Logo. It’s better under the umbrella®.
Some footage was filmed before the Covid-19 pandemic.
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Small business technology services industry insurance
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Technology and Life Sciences claim scenarios
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