“Grow fast or die slow” – technology is an industry where scalability is often the key to spectacular value growth. Just look at Uber, the taxi service that’s gone from zero to a market cap of $62 billion in 7 short years.
But how do you manage high-growth in the tech sector? How can you respond to huge market demand with agility, intelligence and sustainability? How do you tame the tech unicorn?
When you’re busy planning to succeed, don’t overlook the need to prepare for a crisis. There’s one area of operations – often overlooked and seldom prioritized – that all tech entrepreneurs must grapple with and which requires specialized advice: insurance.
In your hurry to take advantage of a burgeoning market for your tech services, are you keeping on top of your changing risk exposures? If you’ve been guilty of paying lip service to insurance, it’s high time you review where your real risk lies. One or more of these elements might prompt some soul-searching:
If you’re signing overseas contracts – contracts with an overseas venue, collaborator, publisher or artist – you’ll want to make sure you have the best protection for your organisation.
But having the right cover isn’t always straightforward. Many organisations can find themselves constricted by geographical and jurisdictional clauses, which can lead to complicated and messy claims – read on to find out how to avoid onerous clauses and ensure your organisation has the full protection it deserves.
Are your company directors missing a trick – still paying tax on life insurance through a ‘Death in Service’ scheme?
New pension rules mean that tax could be deducted at 55% from a large chunk of a Death in Service payment – a particularly acute problem for your higher earners. But there is a tax efficient solution – read on to find out more.
I thought you’d like to see the headlines of this year’s art and jewellery May auctions from our friends at Gurr Johns. If you’re thinking of buying or selling this year their advice may prove particularly helpful – and the trends may affect your valuation.
Is there a turning tide in the art market? What’s behind a $1.6bn drop in auction sales in 2016? How is this caution affecting the jewellery market – and what are the headline acts in jewellery?
Discover what’s making the world of fine art and jewellery tick – read on for more…
At this time of year, event organisers start to bite nails and pray for good weather. Cancellation Insurance – to buy or not to buy? And when to buy? But now there’s an alternative way to fine-tune your protection against bad weather:
• Traditional Cancellation Insurance – for calling the whole thing off
• Reduced Income Insurance – for ‘damp squib’ scenarios
GUARDING INCOME AGAINST THE WEATHER
Have your investments lost money this year? Is this because your investment managers are not proactive – leaving you invested in the markets despite evidence that they may be about to sustain losses?
At La Playa Wealth our approach is different. On 6 January 2016, we took the decision to move our clients’ money out of risk assets to protect their capital. Since then we’ve seen a substantial sell-off within the global markets, with many of our competitors losing around 8% since the start of the year (see chart).
By taking this decision we’ve been able to shelter our clients from the misery of a large capital loss – you know that sinking feeling as you watch the news headlines? When we feel the time is right, we’ll move back in to try and capture the upside. This proactive approach has had a significant effect on the performance of our portfolios (see chart) – as well as on the sanity of our clients!
La Playa funds performance*
Supply chain failure is a significant threat to operational viability for companies in high tech manufacturing, pharmaceutical development, contract research, device development and emerging technology.
How closely have you analysed your reliance on suppliers? Do you know the potential failure points in your operations?
An interruption in the supply of a key component or service could have a devastating impact on your bottom line. How do you insure against loss occurring in your supply chain?
7 SMART TIPS TO REDUCE SUPPLY CHAIN RISK IN SCIENCE & TECHNOLOGY
National mourning has become a sad and more frequent fact of life, as these recent headlines attest:
- Belgium declares 3 days of national mourning for recent terrorist metro and airport attacks
- Spain declares 3 days of national mourning following French Alps air crash
- France has 2 days of national mourning for the victims of the terrorist attacks in Paris
- Santiago train crash: Spain declares 3 days of national mourning
- Sabah earthquake: Singapore announces day of mourning
When the worst happens, a nation must be able to take the time it needs to grieve and come together to support one another through difficult times. Limiting the consequences of tragic events is an important part of this.
Who’s the life and soul of your business? If you can name them, you probably need Key Person Insurance…
Does your organisation rely on certain individuals for vision and strategy – or revenue?
…something happens to your lead creative part-way through a project?
…you need to find a replacement – and fast?
…your connections and relationships are held by one key person? What would be the impact to your organisation if they were absent?
Recent tragic events in Paris and Belgium are a sad reminder that terrorism is rarely confined to government or military targets – all public venues and transit routes are considered fair game.
Your business could be affected not only by a terrorism incident but also by a threat or false alarm. If roads are closed or access restricted, that could hit your income – and without separate Terrorism cover, your insurance is unlikely to cover it.