Insurance for science and technology businesses reliant on key suppliers
Where's the weak link in your operations? Modern technology businesses are often dependent upon a complex and lengthy supply chain. What if a key supplier or outsourced research lab suffers an unexpected interruption to operations? Intelligent insurance arrangements can protect you against unexpected loss attributable to breaks in your supply chain.
7 SMART TIPS TO REDUCE SUPPLY CHAIN RISK IN SCIENCE & TECHNOLOGY
When faced with a supply chain disruption, proactive supply chain risk management can make or break a company’s existence.
One of the most famous (or rather infamous) cases is the fire at the Philips microchip plant in Albuquerque, New Mexico, in 2000, which simultaneously affected both Nokia and Ericsson. However, each company took a very different approach toward the incident, and in hindsight, clearly displayed how to and how not to handle supply chain disruptions.
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Insurance brokers who understand and work with technology companies are a rare breed, to be highly recommended.
La Playa's specialist Science & Tech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your business.
Tech-based business is 24/7, global and borderless, always exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.