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.
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 worker’s 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:
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 LiabilityInsurance, 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.
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.
The coverages and services described herein are summaries only. All policies should be read carefully to determine exclusions, limitations and other terms and conditions. In the event of a conflict, the terms and conditions of the policy will govern. All coverages and services may not be available for all businesses or in all states. Please contact your agent or broker for details.
Coverage is underwritten by Hartford Fire Insurance Co. and its property and casualty insurance affiliates (CA lic #8701). In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In WA, this insurance is written by Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Accident and Indemnity Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Sentinel Insurance Company, Ltd. and Hartford Insurance Company of the Midwest.