Sustainable Industry and Collaborative Sharing Tech Firms Gets Specialized Insurance and Risk Management Advice

SAN FRANCISCO, April 19, 2012 /PRNewswire/ -- Last week Julie Davis, Vice President of Heffernan Insurance Brokers, provided the luncheon keynote speech to the California Women's Network Group at the Four Seasons Hotel in Menlo Park, California.

The keynote presentation comes on the heels of the most recent announcement by the City of San Francisco announcing a sharing economy workgroup focused on making sure that the sharing economy grows and thrives (http://www.shareable.net/blog/breaking-san-francisco-announces-sharing-economy-working-group).

"Insurance and risk management plays a key role for sustainable and collaborative sharing firms," said President Anna Smith of the California Women's Network Group, "and our workshop provided one-of-a-kind expertise to help collaborative sharing firms with their special insurance and risk management needs."

During the keynote panel presentation, Davis highlighted the key risk management concerns, and solutions, for this new generation of technology firms. Insurance and risk management solutions for this new breed of technology firm includes the requirement to understand the risks at hand, create or modify existing insurance products, focus on opportunities in risk transfer, establish internal risk management policies and working with regulatory and legislative bodies to effect positive change.

Collaborative sharing may include sharing of assets, including cars, trucks, real estate, recreational toys, home goods and services, electronics, commercial equipment, cloud computing and green industries. The practice is hot in various geographic areas, including California, Denver, Austin, New York, Boston, Portland, Seattle, Washington D.C. and Philadelphia.

Davis joined Heffernan Insurance Brokers in 2010 and is a senior advisor to technology firms with a unique focus in helping new generation technology firms that operate in uncharted territories and niches. "We help these new breeds of technology firms work through their business plans while keeping risk management central to their overall strategy," said Davis.

For more information on insurance and risk management services for sustainable and collaborative sharing firms, please contact Anna Smith at the California Women's Network at [email protected] or Julie K. Davis at 408-439-2654. You can also join the MeetUp group at http://www.meetup.com/Risk-Management-for-Collaborative-Sharing-Firms/.

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SOURCE California Women's Network