R.B & SONS
DATATECH
Exceptional protection
We know our stuff!
At Lorica Insurance Brokers we understand
the data centre sector inside out. We
know all about the SLA’s you commit to. We understand the issues with security, heating, cooling, construction, fire safety and energy efficiency.
We know all about Tiers and the Uptime Institute. We know how critical it is that you meet the obligations you commit to and the consequences for your business and reputation if you don’t.
We have many clients who are data centre owners and managers. We can cope with overseas and co-location.
In addition we are on top of issues affecting data centres and are constantly tracking new developments in this field. We are also proud to be members of TechUK, the technology association and we belong to their Data Centre Group. We have unique relationships with expert insurance company providers in this field and have access to wordings which ensure our data centre clients really do have protection fit for purpose.
And because this cover is tailor made it means you are paying only for the cover that your industry specifically needs and not for cover that you don’t.
We have our very own risk control surveyor, trained in the unique features of data centres, who can visit your premises and advise you on risk prevention and business continuity planning.
Cover is available subject to the underwriters acceptance of risk. Terms, conditions and premiums will be dependent on your circumstances.
Now here’s the harsh reality
If your data centre is insured by a
standard commercial insurance policy through a regular insurance broker, chances are you are not adequately
protected against the risks your business faces. Bearing in mind that the data you
are handling is worth millions to others, you are potentially putting your business at great risk should you need to call
upon your insurance.
Most insurance brokers do not
understand data centres in any depth, nor the special insurance wordings that
your sector needs to protect it against
the unique risks it faces. Here are some examples of how you may not have the breadth of cover you think you have under your standard commercial insurance policy. The examples also illustrate the specialist risk protection
that data centres need.
“We hold a reasonable limit of indemnity, and it is after all on an any one claim basis”
That may be so, but most Professional Indemnity policies define “any one claim” as including a series of claims arising out of a single act, error or omission. This leaves many data centres vulnerable from an accumulation of claims that originate from a single loss.
“Our Professional Indemnity policy covers us for liability arising out of our negligence – surely that’s wide enough?”
The majority of policies do exactly that and only provide cover for your liability up to that of common law. But what happens when your contractual liability is greater than that of common law? How will your policy respond then?
“We have a water tight SLA – if our racks are down following loss or damage, surely that will protect us from significant financial loss?”
It may well successfully cap your liability in respect of customer down-time credits, but what happens to your bottom line if many customers cancel their contracts because of it?
“Our policy does seem expensive – my
broker informs me it’s because we need
to insure 100% of our estimated annual revenue – is that really the case?”
No – with the appropriate technology insurer they can provide you with a more cost effective approach. A flexible limit of loss solution can cater for Loss of Revenue, Increased Costs and Additional Increased Costs of Working on a chosen first loss basis.
Our data centre team
We have a small team of experts who look after our data centre clients. These individuals are professionally qualified and have many years of experience. The team is headed up by our Corporate Broking Director, Steve Cross Dip CII, who is based in our Hemel Hempstead Office. Steve understands how data centres operate and has many clients in this field.
“Neither our insurer nor our broker has reviewed our Customer Terms of
Business – does that matter?”
Absolutely! It is vital that your insurance programme consistently dovetails with both your terms of business and your SLA. The same is also true of your website. At Lorica this forms part of our best practice.
“Why can’t insurance brokers take a
more proactive approach when dealing with data centre clients?”
They can. For example, at Lorica we have our own in-house, specially trained, Risk Control Surveyor (available free of charge to our clients) and we have access to risk improvement funds with our partner insurers. In addition we are able to advise on business continuity planning for your
R.B & SONS
DATATECH
About Us
We are independent insurance brokers
with offices in 9 locations around the country. Our investors are a global
company so you can rest assured you
are dealing with a stable and reputable
insurance broking business.
Our size and scale has enabled us to
negotiate some fantastic facilities with
our insurer partners.
We only deal with insurers who have the same principles as us – putting the customer first, operating with professionalism and integrity and providing protection that dovetails with the needs of the business. Value for money is also a mainstay of our proposition.
As a Company we have achieved
Chartered Insurance Broker status. This
means we have satisfied rigorous criteria relating to professional qualifications and ethical good practice.
It means you can be confident that you are dealing with one of the UK’s leading insurance broking companies, wholly committed to providing you with the best possible advice, service and
support.
We are proud to be members of TechUK, the trade association for UK technology
R.B & SONS
DATATECH
Lorica Insurance Brokers is a trading name of Lorica Insurance Brokers LimitedAuthorised and regulated by the Financial Conduct Authority
Registered Address: Hardwick House, Prospect Place, Swindon SN1 3LJ Registered No. 01417032
Contact us
Our data centre experts are based at:
enquiries@loricainsurance.com
www.loricainsurance.com
Branches also at: Bournemouth Bristol Cornwall London Preston
Birmingham Branch
Lorica Insurance Brokers
Lorica House 27 Highfield Road Edgbaston Birmingham B15 3DP T: 0333 400 0900 F: 0333 400 0901 E: birmingham@loricainsurance.com
Hemel Hempstead Branch and Head Office
Lorica Insurance Brokers
Hemel One Boundary Way Hemel Hempstead Hertfordshire HP2 7YU T: 0333 400 0700 F: 0333 400 0701 E: hemel@loricainsurance.com Reading Branch
Lorica Insurance Brokers
450 Brook Drive Green Park Reading RG2 6UU T: 0333 400 2200 F: 0333 400 2201 E: reading@loricainsurance.com Leeds Branch
Lorica Insurance Brokers
1 City Square Leeds LS1 2ES T: 0333 400 1400 F: 0333 400 1401 E: leeds@loricainsurance.com
