TechAssure Members Offer Customized Insurance and Risk Management Assistance to Next-Generation Collaborative Sharing and Crowdsourcing Firms

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Nov 07, 2012, 08:40 ET

AUSTIN, Texas, Nov. 7, 2012 /PRNewswire/ -- TechAssure today announced their specialty insurance and risk management program for collaborative sharing firms.

The collaborative sharing industry is one of the fastest-growing sectors in the technology space and is estimated to be approximately $110 billion. This news comes on the heels of a great year of growth for collaborative sharing firms. "The growth of asset sharing companies are driven by a boon to working families, creatives, college students, and those struggling to make ends meet, as well as those who want to live a greener lifestyle. These new breeds of technology companies and platforms need customized insurance products and risk management solutions in order for this sector to continue to grow and serve," said Neal Gorenflo of Shareable Magazine.

Collaborative sharing firms are established to share many types of assets, including: automobiles, trucks, ride-sharing, watercraft, real estate, recreational toys, sporting equipment, home goods and services, employees, electronics, commercial equipment, cloud computing and green industries. The collaborative sharing industry is hot in various geographic areas, including California, Denver, Austin, New York, Boston, Portland, Seattle, Washington D.C. and Philadelphia.

The concept of ownership is often twisted for collaborative and crowdsourcing firms, making insurance and risk management challenging and central to their business planning, operations and strategy. The TechAssure program, available through the members, provides one-of-a-kind expertise to help collaborative sharing and crowdsourcing firms with their unique insurance and risk management needs. Key risk management concerns, and solutions, for this new generation of technology firms includes the requirement to understand the risks at hand, create new or modify existing insurance products, focus on opportunities in risk transfer and mitigation and working with governmental regulatory and legislative bodies to affect positive change.

TechAssure has 22 worldwide insurance broker members in seven countries, serving over 4,000 industry clients with annual industry insurance premiums of $1 billion. The goal of TechAssure members is not only to reduce the overall cost of risk, but innovation in new insurance products and services to help the industry feel more confident about managing their future.

For more information on insurance and risk management assistance for collaborative sharing firms, please contact us at: [email protected] or contact a member of TechAssure at: http://www.techassure.com/contact-us/

Additional information can be found at www.techassure.com and you can follow us on Twitter at www.twitter.com/techassure

TechAssure members include: The Addis Group, AH&T Insurance, AHM Financial Group, Audit & Risk Solutions, Avatar, Bolton & Co, Costello & Sons, Diversified Insurance Group, Giles Insurance Brokers LTD, Globalex, GPL Assurance, Gregory & Appel, IMA Corporation, JJ Wade & Associates, Keaney Insurance Brokers, Mason & Mason Insurance, Plexus Groupe, Prudent Brokers, RJ Ahmann & Co, Roach Howard Smith & Barton, Rollins Agency, Sanderson Risk Advisors. In addition, TechAssure has worldwide innovation partnerships with legal, venture capital and key players in the insurance industry.

Press Contact:
Julie K. Davis, Executive Director, TechAssure
Phone: 408-439-2654, Email: [email protected]

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SOURCE TechAssure