Operational risks

• Complex supply chains: Vulnerability to global disruptions and dependencies on critical components. Tailor-made cyber and crime insurance is required to ensure continuity.
• Stricter regulations: Export controls, trade restrictions and compliance-related challenges. Individual insurance solutions are particularly in demand for cross-border transportation.
• Absence and key people: When important key people are absent, the cost of finding qualified and motivated replacements is often high.
  

Cyber and data risks

• Targeted cyber attacks: Increased risk of state-sponsored attacks and industrial espionage.
• Data protection for sensitive information: Special requirements for the protection of classified data.
• Intellectual Property (IP): Protection of patents and trade secrets in a highly competitive environment.

Liability risks

• Product liability: If your product is defective, you are liable for the resulting damage. This can be considerable, especially in the defense industry. For example, if your product is installed in a certified system and has to be replaced, this can result in considerable costs. Adequate product liability insurance is necessary to protect your company financially from the consequences.
• Financial losses: If the failure of your technology results in consequential losses, contractual or statutory liability claims for financial losses may arise. These can be in the form of business interruption or the costs of procuring a short-term replacement, but in most cases they are considerable and often threaten the existence of start-ups.
• Cyber liability: As a popular target for cyber attacks, there are risks from breaches of data protection regulations as well as from breaches of contractual obligations towards your clients.
• IP liability: If you infringe IP rights when using your technology, you may incur considerable defense and compensation costs that are not covered by traditional business liability insurance.