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In every industry, supply chains have become global and more complex than in the past. With more outsourcing, new modalities, and new ways to reach patients, pharmaceutical companies must ensure that their supply chains can withstand shocks.  The COVID-19 pandemic revealed many issues in the supply chain that led to drug shortages of essential and…

The pharmaceutical supply chain is comprised of multiple stakeholders, including manufacturers, distributors, pharmacies, hospitals, and patients. These companies face increasing pressure from regulators to improve safety and quality systems, and this elevated scrutiny has created new problems and challenges.  Keep reading to learn more about the top 5 challenges in the pharmaceutical supply chain and…

The biotechnology industry arose in the 1970s to enhance the quality of life on earth by servicing industrial, agricultural, and medical markets. The work being done in this industry results in new processes and products for various industries and may influence many aspects of the average person’s life, particularly their health. Biotech is one of…

Professional Liability Insurance can provide protection for IT consulting firms and the myriad of services a consultant might provide. Professional liability also covers some risks that are typically not covered under general or cyber coverages, such as those arising from contract law breaches and intellectual property infringement claims. For example, an IT consultant should have…

In the world of professionalism and business, signed contracts are essential. When servicing clients and customers, contracts establish clear requirements and expectations. However, when those expectations aren’t met and a breach of contract takes place, one or both parties may be susceptible to a lawsuit. Protecting yourself from a breach of contract lawsuit is essential.…

The Y2K bug was a computer flaw, or bug, that may have caused problems when dealing with dates beyond December 31, 1999 The Y2K bug was a computer flaw, or bug, that may have caused problems when dealing with dates beyond December 31, 1999. The flaw, faced by computer programmers and users all over the world on January 1, 2000,…

In-depth: Mars Climate Orbiter Mars Climate Orbiter (MCO) was the second probe in NASA’s Mars Surveyor program, which also included the Mars Global Surveyor (launched in November 1996) and Mars Polar Lander (launched in January 1999). Mars Climate Orbiter was designed to arrive at roughly the same time as Mars Polar Lander and to conduct simultaneous investigations of Mars’ atmosphere, climate and surface. Arrival in orbit was dated…

Errors and omissions (E&O) claims have become a major threat to technology companies, and their severity has undergone rapid growth over the last decade or so. Tech E&O insurance offsets these threats by protecting IT companies from the risks of a client experiencing financial losses due to a tech product or service’s inability to perform…

NASA’s computing required perfection. Anything less had serious consequences. In the dark on Sunday morning, July 22, 1962, NASA launched the first-ever U.S. interplanetary space probe: Mariner 1, headed for Venus, Earth’s neighbor closer to the Sun. Mariner 1 was launched atop a 103-foot-tall Atlas-Agena rocket at 5:21 a.m. EDT. For 3 minutes and 32 seconds,…

Businesses today are increasingly dependent on technology for their company operations. Companies rely on technology for keeping track of sensitive data and information about clients, potential clients, and employees. However, using technology comes with a substantial amount of risk, like technology failure, data breaches, or invasion of privacy.  Are tech companies liable when a client…