We rely on our technical people to protect our systems. In time, we'll look at the issue in depth. But we aren't getting e-business insurance at the moment. We need to prioritize our expenditures. James says his company has indemnity against bad debt - a general business insurance.
Many companies are too busy building an e-commerce presence to worry about insurance.
Before, we just haven't had time. The bursting of the Internet bubble in the second half of 2000 sent many Internet companies scrambling for funding, and caused many traditional companies to rethink or scale down their Internet strategies. AON Risk Services Hong Kong associate director Regina Chen says that in late 1999 she received many inquiries about e-business insurance products. But with tech stocks falling, many of these opportunities have since disappeared. E-risk insurance products are also so new that many finance managers either aren't aware of them or don't know how to use them.