Welcome to Summer! This is the fourth edition of the Johnsonese Brokerage Technology Insurance Newsletter. The goal of our quarterly newsletter is to provide useful information about insurance to independent technology businesses .
I will be attending the TechWeek Expo the weekend of July 22nd at Chicago's Merchandise Mart. I will be wondering the trade show floor to see what's new in tech and saying hello to some clients. I hope to see some of you there. And as we head into the dog days of summer, some of you will be facing a slow period for your business. Take advance of this time to review your insurance. We're here to help you reduce your insurance costs and improve your coverage. |
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Google Sued For Transmitting Smartphone IDs To Developers |
Four Texas residents have sued Google for violating their privacy by allegedly transmitting their mobile devices' unique identifying numbers to app developers. As with similar lawsuits against Apple, the consumers argue that Google violates a host of laws, including the federal computer fraud law, by enabling Android app developers to track users through a unique identifier.
A report published last year said that the majority of the most popular 101 apps for iPhone and Android phones sent their unique identifiers to other companies. The plaintiffs are seeking class-action status. As in all of these cases, the plaintiffs will likely face hurdles in proving that they suffered any economic harm, due to the alleged privacy violations.
-Online Media Daily, May 5, 2011
This lawsuit is another example of the types of claims that may be covered by Tech Errors & Omissions insurance.
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Tech Companies Among Top 10 Patent Recipients for 2010 | |
For the 18th year in a row, IBM was the top recipient of US patents in 2010 with 5,896. The tech companies listed in the top 10 are as follows:
- IBM
- Samsung
- Microsoft
- Canon
- Panasonic
- HP
Drug and energy companies made up the rest of the top 10.
-San Francisco Chronicle, June 28, 2011
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Can Insurance Companies Make the World Greener? | |
CNA Insurance, one of our insurance partners, is offering a new product that does just that.
The "CNA EcoCareŽ Property Upgrade Extension Endorsement for Small Business" provides for green building upgrades as a result of a covered loss to a building or contents. Normally when buildings are destroyed by fires or storms, insurance pays to re-build them as they were before.
With this endorsement a building can be re-built using green technologies, even at higher costs than typical construction methods.
Automatic additional coverages include:
ˇ Vegetative roofs
ˇ Recycling additional expenses
ˇ Architect and engineering expenses
ˇ Certification or recertification expenses
ˇ Ventilation of reconstructed buildings
Similarly, Hartford offers a feature with its Commercial Auto coverage that will pay you extra if you replace a totaled vehicle with a hybrid. Under the company's broad form endorsement, you can receive an additional 10% of the Actual Cash Value of your old vehicle, up to $2,500, to pay for the upgrade.
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Use Extra Caution Around Pool Chemicals This Summer | |
 Every summer mishandled pool chemicals result in thousands of injuries and emergency room visits across the country, according to the federal Centers for Disease Control and Prevention and other sources.
Here are some safety tips from industry professionals.
1. Read and follow package directions
2. Don't mix chemicals in the house
3. Don't combine different pool chemicals (i.e., algaecides
& chlorine)
4. Add the chemical to the water, and never pour water into
chemicals
5. Wear eye goggles and gloves when applying pool chemicals
6. Use a dedicated scoop for each chemical container
7. Don't combine materials between "new" and "old" containers
8. Store chemicals in sealed containers in an exterior shed or
tub
9. Don't leave chemicals in the sun
10. Keep chemicals out of children's reach
11. Don't store chlorine near stainless steel objects, such as
pool ladders
-Staten Island Live, August 08, 2010
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The Johnsonese Brokerage can assist you with most of your art insurance needs. To get started immediately call 773.857.0242 or Email info@johnsonese.com. Christopher Johnson
insurance for innovative organizations
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About the Johnsonese Brokerage |
The Johnsonese Brokerage LLC is a licensed and bonded independent insurance agency focused on insuring independent tech businesses.
Who we insure:
- Computer Consultants
- Computer Equipment Distributors
- Computer Maintenance and Repair
- Database Developers
- Electronics Design Consultants
- Electronics Distributors
- NEDA Members
- Network Consultants
- Manufacturers Reps
- Outsourced IT Service Providers
- Software Developers
- Software Programers
- Technology Sales & Marketing
- Technology Solopreneurs
- Technology Trade Shows
- Telecom Service Providers
- Value-Added Re-sellers
- Website Developers/ Designers
We are licensed in the states of Arizona, California (license #0G69323), Florida, Illinois, Indiana, Kentucky, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Pennsylvania, Texas and Wisconsin.
How are we doing? Your feedback is always welcome!
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Common Insurance Terms
1. Auditable
Some insurance policies are auditable. This means that the insurance company has the right to review the insured's results for the policy period and adjust the premium upwards or downwards as necessary.
2. Minimum Earned Premium
This is the portion of the policy premium that is non-refundable. Even if the policy is cancelled early by the insured, the insurance company is entitled to retain at least this portion of any pre-paid premium.
3. Premium Finance Agreement
This is basically a short-term loan covering some portion of a policy premium. This loan gives the insured the option of making payments for a policy that requires pre-payment of the full premium. The agreement is usually from a third-party finance company and interest charges do apply.
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We are Now License in Arizona! At the Johnsonese Brokerage we pride ourselves on customer service. When a California client recently moved to Arizona, we obtained our local license in order to follow them. Tell your friends in Arizona that we are ready to insure them! |
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We Appreciate Referrals!
As a service business, referrals are our biggest source of new clients.
If you know of any other business needing insurance, please let us know. We promise to give them the same personal and professional service that you've come to expect from the Johnsonese Brokerage.
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Our Business Partners
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AmWins -
AXA -
Chubb -
CNA -
Hartford -
Insurance Noodle -
Markel -
Philadelphia -
Risk Placement Services
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