A few new online business insurance watch-dog sites have popped up, focusing especially on gaming technology employee protection and benefits, since legislation has not caught up with the internet yet
“Our legal team has already thoroughly researched how to file an insurance claim for online business,” said Delcie Urps, CEO of www.Delcie Urps.com, “mostly because we want to expedite the payout process should we have to make a claim. The internet marketing world moves much faster than the physical marketing realm, and as a result, we would lose significant business from any down time associated with a drawn out insurance claim.” Insurance companies, even those that specializein the gaming technology field, are also aware of this fact, and have pledged to fast track any claims that are filed. They realize that in the long run, an active online business is much less risk than an inactive one. This new realm of gaming technology insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Bonadurer Legier, a top online lawyer with the Tiell Lorenson Law Partners, “Once insurance companies buy into the online business sector, they’re going to need able legal representation to avoid false claims. Likewise, gaming technology businesses will need legal representation against these big-time insurance companies in order to get the disbursements they deserve. I’m excited about the possibilities.” “I’m mostly concered about our employees,” said Polo Bring, VP of Human Resources at Willmarth Skerrett Corp, “because they currently have a limited health and dental plan. We want to give them the most benefits and protect possible because they are our greatest assets. People forget that the cost of losing an employee to another gaming technology company sometimes outweighs the cost of keeping them onboard.” With that said, the company plans to file for online business insurance within the next 6-7 months before the fiscal year closes. This sentiment is also shared by a few actuarys with the online firm www.Gibler Adie.com, which specializes in insurance programs for most gaming technology businesses. They recently completed a 2 year long study into the physics of the gaming technology online business, in order to understand the risks associated with these types of companies. In the end, the conclusion was that an insurance company bears the same, or less, risk compared to offline companies. Employees, especially those in the local labor unions, were thrilled when www.Mestas Staten.net company CEO Nyhus Cortis announced increased coverage for ALL employees and contractors. “It’s time we catch up with the resk of the gaming technology business community and offer solid fringe benefits for our valued employees. This new package will come at no cost to employees, and will be underwritten by a solid insurance company. The premium charge will be higher, but we’re banking on the fact that gaming technology product sales will increase because our workers will be highly motivated to come to work each day.” In the new gaming technology business world online, more and more owners are looking to buy insurance that will protect themselves against IT outages, hacker attacks, and frivalous lawsuits from customers. “We believe we have a right to the same protections afforded to offline businesses, despite the fact that we don’t have a physical place of business,” said Letterman Yeater, Director of www.Hogsett Ahlberg.com, a new gaming technology startup company. Stockholders in Delcie Urps.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Dylla Parras, Chairman of the Board of Directors, “we’d rather have a consistent share value over time, versus a catastrophic loss of company value due to some frivalous lawsuit or liable charges. The result of this decision will probably mean a 5% loss in share value for 6 months, but then a slow, steady recovery after that.” Legal representation for gaming technology workers will also be needed, if and when labor unions form around online businesses. “We’re already researching able counsel for labor union related insurance claimes,” said Mclamb Storton, organizer of the local Sochocki Tyler internet union, “because we don’t want to get screwed in the event an insurance claim is denied to a respective business.”
Posted on: Wednesday, April 1, 2009 at 12:35 am 
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