Overview

As policy coverage evolves to meet emerging markets such as engineering high technology, risk and claims professionals are required to manage more diverse caseloads with sophisticated and often highly specialist elements to navigate.

In these scenarios, being able to confidently rely on third party engineering experts that can follow a brief without exceeding their remit is an essential resource to have available.

Access to specialist information, data and experience can provide Insurers and Adjusters with greater insight into context, the Insured and their motivations.

The diversity of products in this sector includes physical and non physical risks.  For example during new product development there is often be  uncertainty that the technology will ever meet the desired specifications.

Commercial and corporate pressure to prematurely introduce a technology into the market before it is adequately beta tested can lead to a host of claims actions and/or product recalls with significant impact on brand confidence and loss of market share.

In cases where there is physical damage to high tech equipment, in our experience there tends to be an inherent pessimism amongst end users that any damage equates to a need for unquestioned global replacement.

In most cases, establishing whether there is actual damage is key to insurance policy liability, as well as determining the best way to proceed to remediate actual problems that are faced.  We can assist claimants in understanding the true consequences of such damage and use an array of indicators to demonstrate scientifically the differences between perceived and actual damage.

Specialist Engineering Equipment Loss Consultancy

• Cyber Risks
• High Tech Manufacturing - Electronics and Precision Engineering
• Computer Hardware and Software Development
• Data and Telecom Network Design and Deployment
• Control Systems and Telemetry
• Telecommunications Utilities Infrastructure
• Fibre Optic Networks