The risks associated with business in the ever-changing technology industry, especially those with international operations, are unique, requiring specialized risk mitigation strategies.
Technology companies share elevated cyber risks due to the nature of their business and can suffer debilitating losses whether they have five clients or 500,000 clients. Serious cyber attacks are increasing at an exponential rate.
As companies move through funding rounds, changes in investors and ownership structure increase potential risks that can derail smooth transitions.
In the complex tech world, even the most carefully executed business plan can result in unanticipated financial consequences that could threaten to overwhelm a business’s limited resources.
Every business, high-tech or not, faces uncertainties associated with operations - property, general liability, employment, and business interruption.