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Technological Companies
All you need is someone’s spanner falling out of his pocket and into a machine,
to stop an entire production line.
A miscalculation by an employee can have far-reaching consequences as well.
So who has never made a mistake?
The costs for repairing machinery can quickly get out of hand.
The resulting damage can multiply beyond all proportion,
especially when repairs are delayed and contractual commitments cannot be met.
The computer branch is aware of similar risks.
For example, when a network is down for hours,
as a result of electricity short-circuiting,
or an entire database is lost.
Yet, in all of these instances, there is no question of the usual
damage or loss due to storm, theft, fire or flood.
Companies can insure themselves
against such unconventional risks with Praevenio Technological Insurances,
market leader in this area, and part of the Delta Lloyd
General Insurance operations. Niche-provider Praevenio,
established in 1932, employs many
highly educated specialists in their service department. They handle
claims, make inspections and assessments, and provide
insurance agents with technical as well as commercial insurance advice.
Praevenio covers not only damage to machinery, and the
subsequent consequences to the business.
It also provides appropriate coverage during building, rebuilding, or
revisions to machines, installations and building renovations,
and is therefore frequently involved with high profile projects.
They were involved with building electricity generator centres and
wind turbines, as well as the building of the Westerschelde Tunnel
and the Mondriaan Tower in Amsterdam.