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HSB Airs Video on Emerging Trends and New Exposures
We Keep Our Finger on the Pulse, So Your Customers aren't Caught by Surprise
HSB has produced a new video on emerging global trends that increase the risks for equipment breakdowns and other property-casualty exposures. Click here to view the video and see how these new risks could affect you.THE HEART OF THE PROBLEM
Equipment keeps a business up and running. But what if equipment or the infrastructure that supports it, such as the power grid or a building's electrical system, breaks down? Commerce can stop, profits disappear, and consumers go elsewhere.
HSB TRACKS EVOLVING RISKS
With our knowledge of equipment, coverage and services, HSB is focusing on strategies to help protect insurers and their policyholders. We have identified key issues that have serious implications for the insurance industry and its customers.
FOUR CONVERGING TRENDS
The risks faced by business, industry and other institutions are exacerbated by four converging trends. Click on the links below for more information.
- Aging infrastructure
- Rising energy demands and costs
- The proliferation of technology
- Competition for equipment in a global economy
These trends increase the risk for more frequent blackouts, electrical system breakdowns, equipment damage, business interruption, and structure fires. The new technology used by businesses is extremely susceptible to damage from power surges.
A DATA TSUNAMI
The loss of power or poor power quality presents other exposures. In our information-based society with its explosive data growth, any power interruption can result in a commercial disaster when data is lost to equipment breakdown.
NEW CHALLENGES
There are ways to mitigate and manage the risks. HSB is willing and able to present new engineering, claim and underwriting solutions to help you better understand the implications for your business in a changing world.
HSB OFFERS SOLUTIONS
As your equipment breakdown partner, we want to share what we've learned about these emerging exposures and how HSB can work with you to address them. View our video now and read more about emerging trends in future issues of Whistlestop Express.
