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IT
Performance Has Not Been Guaranteed—Until Now!
Technology is among the top three expense categories for most U.S.
corporations, but it's not protected against default. While IT spending
and failure rates increase, late and over-budget IT projects continue
to become a common occurrence—and companies are left with minimal
protection and remedy for their challenged investment.
Fortera offers
an IT Project Guaranty for qualified projects. This first-to-market
guaranty authorizes Fortera to assume the financial risk from the IT
buyer in the event that the systems integrator does not perform their
contractual duties.
›
What is covered?
› What
is not covered?
› What
are the guaranty limits?
› How
do I file a claim? How is the claim paid?
› How
do I apply?
Market studies
with more than 400 financial executives concluded that protecting their
strategic IT initiatives with a risk transfer vehicle is a timely alterative
to contingency budgets that have ranged from 25 to 50% of the IT services
contract.
Risk
Transfer Products Expanding to Protect IT Investments
Fortera is currently working with leading insurance carriers to define
and develop risk capacity to expand Fortera’s IT risk management
offerings to include an insurance-backed risk transfer component.
Fortera’s
Missouri Method®, the company’s approach to identifying
and controlling IT risk, is the key enabler of the insurance offering,
serving as the underwriting and loss control methodology.
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