Electronics Business Insurance


Electronics Businesses Face More Risks Than Ever Before

Electronics businesses face more risks than ever before. Demand and supply volatility present growing challenges. Counterfeiting of products is rising. And competitive pricing between firms can cause profits to shrink rapidly. Nevertheless, electronics businesses can rest assured knowing that The Hartford is there to help reduce risks and prevail through crises and unexpected events.
Recommended Solutions for Electronics Businesses
Helps protect the property an electronics business owns and leases, including things like equipment, inventory, furniture, tools and fixtures. Electronics businesses can also tailor their coverage to fit the specific needs of their company.
 
This can include coverage if:
 
  • Equipment owned by the business breaks down.
  • The business is unable to process electronic data.
  • The firm loses income because utility services are interrupted.
  • Property and data are damaged because of electronic vandalism
     
Our Property Coverage also helps protect the computers, specialized software and equipment electronics firms depend on as well as accounts receivable records. It also covers computer equipment, media and data, interruption of utility services, and damage to data from viruses and other malicious code.
General Liability Choice® provides liability coverage for bodily injury and property damage. This includes coverage for personal and advertising injury, such as libel, slander, defamation and product disparagement as well as offenses that occur from your website, bulletin boards and chat rooms. Manufacturer’s errors and omissions, and product recall expense coverage are also included with this coverage.
The Hartford is a leading provider of Workers’ Compensation Insurance. XactPAY® for offers pay-as-you-go workers’ compensation premium payments based on actual monthly payroll figures to help better manage cash flow fluctuations and minimize audit adjustments. Best of all, this is offered at no extra cost.
Helps cover the vehicles that a business owns, leases, rents or borrows – on the road and off. At no additional costs, commercial auto insurance helps cover electronic equipment in vehicles, lease and loan gaps and offers a wide range of in depth services designed to help a business’s employees be even safer behind the wheel.
The Hartford’s FailSafe® suite offers flexible professional & cyber liability and expense coverage to help protect against the risks most technology companies face. Depending on the level of coverage selected, this can include coverage for:
 
  • Data security lapses and identity theft
  • Copyright or trademark issues
  • Content-related libel or slander issues
  • Technology performance failures
  • Warranty or product representation problems
  • First party breach and extortion expense
  • Business interruption and data loss
     
Helps protect electronics businesses that operate domestically and internationally, whether transporting over the ocean or inland. Tailored coverages include Ocean Cargo insurance, which helps cover most lawful shipments of goods, freight and merchandise; Warehouse Legal Liability Insurance, which helps cover physical loss or damage of property that occurs during storage, cross-docking, or other activities in which electronics businesses engage, and Domestic Shipper’s Interest.
The Hartford offers U.S. domiciled companies a spectrum of coverage that goes far and wide. Whether you need to cover employees traveling abroad or a whole overseas enterprise, The Hartford can offer the right package of protection with options ranging from The Hartford Passport Package to The Hartford’s Controlled Master Policy (CMP) with local multinational policies – in one coordinated insurance program.
 
Helps increase a business’s liability protection when a claim or lawsuit maxes out the limits of the business’s current coverage. In the event of a devastating lawsuit, the amount of liability protection from a business’s general liability insurance, commercial auto insurance and employer's liability policy may not provide enough financial protection. If this happens, underlying policy limits are used first and commercial umbrella coverage limits only kick in after those policies have reached their limits.
Helps protect against management liability risks faced by electronics companies and their leaders. Our offering includes:
 
  • Directors, Officers and Entity Liability Coverage (D&O) – helps protect electronics companies, their directors, officers and management team against loss that arises out of the day-to-day operations and management of the company.
  • Employment Practices Liability Coverage (EPL) – helps protect electronics companies from damages and defense costs that arise out of employment-related disputes, including but not limited to alleged discrimination, sexual harassment, violation of the Family and Medical Leave Act, refusal to hire and wrongful termination or discipline.
  • Fiduciary Coverage – helps cover employee claims related to the design, administration and maintenance of company-sponsored retirement, health, and other employee benefit plans.
  • Crime Coverage – helps protect electronics companies against loss from employee theft, computer fraud, and other similar crimes.
  • Kidnap/Ransom & Extortion Coverage – helps protect company employees if they are kidnapped in the U.S or while on business abroad.
The Hartford’s innovative Risk Engineering team strives to help companies run safer and ultimately more profitable businesses with loss control services that include risk exposure evaluations, consultations, and recommendations for improving businesses’ safety and security. 
 

For Smaller Firms

Smaller electronic firms typically require specialized insurance coverage.
 

The Speed of Technology

The Hartford has been going at the speed of technology for more than 30 years. And, as technology grows and changes ... so will we.
The Hartford® is The Hartford Financial Services Group, Inc. and its property and casualty subsidiaries, including issuing company, Hartford Fire Insurance Company. Its headquarters is in Hartford, CT.
 
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Financial Services Group, Inc. In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Property and Casualty Insurance Company of Hartford, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In CA by Sentinel Insurance Company, Ltd. (CA license # 8701) and its property and casualty insurance company affiliates, One Hartford Plaza, Hartford, CT 06155.