Off-The-Shelf Business-Income Policies Can Sink Tech Companies
Change comes ever more quickly in todays markets, and companies that dont keep pace may not survive. Nowhere is the pace of change more rapid than in technologyespecially the life sciences and information and networking technology industrieswhere new advancements have led to extraordinary growth for many companies.
Growth, however, creates special challenges for corporate insurance buyers when it comes to business income coverage. A standard, one-size-fits-all policy may not adequately protect technology companies that are growing rapidly, investing heavily in research and development, or competing in ever-changing markets. While such companies often bet their future on their latest products, inadequate business income insurance is a gamble they dont have to take.
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