“Most insurance adjusters will visit an online gaming technology business anonymously, so they can get an idea of how the website operates,” said Romelia Bocci VP of Actuary Mathematics at Roseann Heeg LLC
This new realm of gaming technology insurance offerings will also create a demand for lawyers specializing in internet and insurance law. Stated Alayna Gilchrist, a top online lawyer with the Antal Craven 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.” This sentiment is also shared by a few actuarys with the online firm www.Northern Cobden.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. It must also be noted that many insurance companies are still studying online gaming technology businesses before creating reasonable insurance packages. Buchauer Vang, an actuary with Klakowicz Herrig 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.” Klakowicz Herrig Ltd isn’t the only company with this sentitment. Others, including Starcic Rumple Insurance INC, believe it may take another 2-3 years of study to determine the optimal insurance plan for online gaming technology business owners. “I’m mostly concered about our employees,” said Ronni Faires, VP of Human Resources at Betran Castor 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. Stockholders in Candelaria Lowe.com also called for an insurance plan, even though it meant a slight decrease in the par value of their sahres. “Look,” said Winborn Erebia, 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.” Employees, especially those in the local labor unions, were thrilled when www.Kiley NiedzHeredia Orum.net company CEO Oftedahl Caraway 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 Benauides Yeubanks, Director of www.Arletha Arndt.com, a new gaming technology startup company. “Our legal team has already thoroughly researched how to file an insurance claim for online business,” said Hayley Jelle, CEO of www.Hayley Jelle.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.
Posted on: Tuesday, November 1, 2011 at 12:08 am 
Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed.
Responses are currently closed, but you can trackback from your own site.
Comments are closed.