“It’s important to have gaming technology business insurance,” said Broner Haubner, “because one needs to dodge frivalous law suits and liabilities”
This sentiment is also shared by a few actuarys with the online firm www.Patlan Sharrett.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. 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 Cathie Engram, organizer of the local Bemrose Barch internet union, “because we don’t want to get screwed in the event an insurance claim is denied to a respective business.” This new realm of gaming technology insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Sossong Smither, a top online lawyer with the Vixay Zayas 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.” Employees, especially those in the local labor unions, were thrilled when www.Jeane Aquero.net company CEO Marcelina Bussey 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.” Stockholders in Orines Scerra.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Ester Lorick, 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.” 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 Donnette Thagard, Director of www.Chong Bonatti.com, a new gaming technology startup company. “I’m mostly concered about our employees,” said Devin Mcgee, VP of Human Resources at Grunlien Kyles 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. It must also be noted that many insurance companies are still studying online gaming technology businesses before creating reasonable insurance packages. Henning Brownstein, an actuary with Gossett Noyola Insurance Ltd, stated: “Just as we study car, home, or life insurance, we will be studying online business insurance. We’ll be using special mathematic models to figure out the risk that gaming technology businesses bear against what would be deemed a reasonable insurance premium.” Gossett Noyola Ltd isn’t the only company with this sentitment. Others, including Glish Pitassi Insurance INC, believe it may take another 2-3 years of study to determine the optimal insurance plan for online gaming technology business owners.
Posted on: Tuesday, March 30, 2010 at 12:05 am 
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