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For communications, media, and technology (CMT) companies, risk management can be challenging, simply because the stakes are so high. Multiple client business functions rely on the services you provide.
Success hinges on the ability to seize opportunities afforded by innovation in a rapidly-changing marketplace — while managing the risks. Data breaches and other cyber risks are growing. Media liability claims proliferate as new formats and distribution channels appear. Supply chain bottle-necks threaten the global flow of hardware, software, and raw materials. Convergence and collaboration — both between and within sectors — are reshaping the landscape.
Marsh can help you understand and manage these risks using some of the industry’s leading risk assessment tools, data, analytics, and technology. With these tools and one of the CMT sector’s most comprehensive claims databases, we quantify and prioritise exposures, helping to educate insurers, then customise coverage to align with your organisation’s risk profile. And, with one of the largest global CMT practices in the industry, we have the knowledge of the sector to provide acute insights that help you grow with confidence.
Software and Information Technology (IT) Services
In software and IT services, risk challenges are inherent in multiple areas, including technology errors and omissions (E&O), management/directors and officers liability, property damage, business interruption, and mergers and acquisitions (M&A).
Marsh helps technology clients manage these risks with the following services:
- Industry risk diagnostics.
- E&O advisory.
- Business interruption risk reviews.
- Management liability consultancy.
- M&A due diligence.
- Multinational consultancy.
Media
Risk challenges are inherent in multiple areas of the media sector. These include liability (libel, slander, copyright infringement, etc.), data security and privacy, and business interruption/loss caused by equipment or other property damage.
Marsh advises clients in the media sector — encompassing broadcasting, social/digital media, and publishing firms — on how to manage these risks. We can provide you with the following services:
- Risk and insurance diagnostics.
- E&O advisory.
- Business interruption reviews.
- Management liability advisory.
- M&A due diligence.
Hardware and Electronic Components
In the hardware and electronic components industries, risk challenges can arise in multiple areas, including business interruption/loss caused by equipment or other property damage, management liability issues, and M&A.
Globally, Marsh serves technology clients, including technology electronics, personal electronics, hardware and equipment, and semi-conductor companies. Our global team of experts can help you manage risks by providing services such as:
- CMT risk and insurance diagnostics.
- Business interruption reviews.
- Management liability consultancy.
- M&A and capital market solutions.
- Multinational advisory.
- Claims defensibility.
Communications Services
The communications services realm is replete with challenging risk issues, including business interruption/loss caused by damage to infrastructure and equipment, employee safety concerns, data security and cyber privacy, and technology E&O.
Clients in this sector include fixed line and mobile service providers, satellite companies, cable providers, and multi-play operators — Marsh can help you manage risks by providing services such as:
- CMT risk and insurance diagnostics.
- Business interruption reviews.
- Technology E&O advisory.
- Claims defensibility.
- Management liability advisory.
- Mergers and acquisitions due diligence.