In the IT world, mistakes can be costly - and we're not just talking about bugs!
What are the main risks that IT companies face, and most importantly, how can they avoid them?
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- Bugs and code snafus
Imagine: a client suffers losses due to one small error in the code. What should you do?
Protection: Test, test, and test again. And if something goes wrong, professional liability insurance will save you.
2. Unrealistic deadlines.
Delays are not just nerves, they are fines and lost reputation.
Solution: Plan realistically, keep track of deadlines, and have a “plan B”. Also, clearly state the terms of cooperation in contracts to avoid financial risks.
3. Hackers are on the horizon
Cyber threats, data leaks, hacks - sound familiar? One careless click, and...
Protection: Cool cybersecurity + insurance against cyber threats. Your team will sleep well!
4. Legal rake
“That's not what we agreed!” is an unwanted phrase in any contract.
Solution: Check agreements with a lawyer and have insurance in case something goes wrong.
5. Clients from abroad
International standards sometimes look like a real quest.
Life hack: Find out in advance what documents and insurance the client requires in order to conclude a contract without problems.
The reality is that there are always risks. But if you are prepared, your business will not only be protected, but also more reliable for your customers.
Do you want to know how to secure your IT business? Contact us and we'll help you find the right solution for you.