A Look at Liability Coverage
What’s the best defense against burglary? Investing in lights, strong locks and an alarm system? Or buying more insurance coverage?
When it comes to protecting assets during end-of-service processing, companies are naturally cautious. After all, under the law, responsibility for protecting and keeping data safe belongs to the company who collects or generates the data.
As a result, companies may choose to protect their interests by demanding very high liability coverage when contracting an ITAD provider. The problem with that approach, however, is that it drives up cost of service but does nothing to prevent an incident in the first place.
Some highlights from A Look at Liability Coverage:
- A company willing to offer unlimited or unrealistically high risk coverage is likely gambling that nothing will go wrong
- A well-managed ITAD provider minimizes risk through strict process controls, not by buying more insurance
- Consider removing risk by having data or drives destroyed before the assets ever leave your premises.
Visit our ITAD solutions page to learn more about our comprehensive global IT Asset Disposition services.