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There's a LOT to know about insurance. So, whether you've got a specific question or just want the 411 on what we do, click around on the articles below.
Small Business Insurance: What Do You Need to Know?
For small business owners, navigating the complexities of business insurance can often seem daunting yet is undeniably crucial. Effective insurance not only guards against unforeseen financial losses but also provides a foundation for stability and growth.
No Holidays for Hackers: Higher Revenue Losses for Non-weekday Cyber Events
Ransomware events that occur on holidays and weekends cause much higher revenue losses than cyber incidents occurring on weekdays—primarily due to lower staffing levels—according to a survey of over 1,200 cybersecurity professionals.
Media Liability Insurance
Today’s society has become increasingly digital in nature, prompting businesses to leverage additional technology and online services in their operations. Specifically, some businesses have grown more reliant on the internet and social media platforms to market their products and services, allowing them to connect with a wider range of customers.
Insuring Cryptocurrency Losses
Cryptocurrency is characterized as a digital currency that operates independently of a banking system and leverages encryption technology to transfer its value through the internet. There are several different types of cryptocurrency, but the largest by market capitalization is bitcoin. Despite its intangible form, cryptocurrency functions similarly to physical cash across many countries and governments.
10 Essential Cybersecurity Controls
Cyber incidents—including data breaches, ransomware attacks and social engineering scams—have become increasingly prevalent, impacting organizations of all sizes and industries. Such incidents have largely been brought on by additional cyberthreat vectors and growing attacker sophistication.
Inflation Guard
In the commercial property insurance space, rising inflation increases the risk of undervaluing property. A rise in building costs due to factors such as labor shortages, worker wage growth, supply chain disruptions and raw material price increases can increase the severity of a property insurance claim and create potential underinsurance issues for the policyholder.
Duties in the Event of a Commercial Property Loss
Most people understand that insurance companies have a duty to reimburse insureds for commercial property damage not excluded by their policies. What’s lesser known is that if a loss does occur, insureds also have duties they owe to their insurance company. Many commercial property insurance policies include language detailing steps that must be taken following a loss.
Commercial Risk Advisor | December 2022
Office holiday parties can give employees the opportunity to celebrate a successful year of business, but they can also open companies up to liability risks, especially if alcohol is involved. However, with some advanced planning, employers can minimize those risks and enjoy the holiday celebration.
2022 Hurricane Season Third Most Expensive to Date
The North Atlantic hurricane season—which lasts from June 1 to Nov. 30 annually—featured 14 named storms, eight of which reached hurricane strength, in 2022. While this year’s hurricane season produced fewer storms than originally predicted, it was still the third most expensive hurricane season to date.
Key Differences Between Commercial Excess Liability and Umbrella Insurance Policies
Commercial excess liability insurance and umbrella insurance are secondary coverage policies that attach after primary insurance policy limits—such as general liability, employer’s liability and commercial auto insurance—have been exhausted. This additional coverage can protect your business from the financial consequences of large losses that exceed what your primary insurance can cover.
Older Driver Safety Awareness Week Is Dec. 5-9
According to the Federal Highway Administration, the number of licensed drivers over 70 increased 75% from 1997 to 2020. This is partially due to U.S. demographics, in which Americans over 65 represent the fastest-growing sector of the U.S. population. But it also reflects a trend in American driving habits. Older adults are generally driving more miles and keeping their licenses longer than previous generations.
Creating a Cybersecurity Culture
Employees are an organization’s first line of defense against cybercriminals. For this reason, they are also commonly targeted. In fact, the vast majority (88%) of data breaches are caused by employee mistakes, according to Stanford University. Unfortunately for organizations, a single mistake can result in costly losses, reputational damage and lost or stolen data.
Managing End-of-Life Software
At some point, all software will reach the end of its life. This means manufacturers will no longer develop or service the product, discontinuing all technical support, upgrades, bug fixes and security fixes. As a result, end-of-life (EOL) software will have known vulnerabilities that cybercriminals can easily exploit. This article discusses the risks of continuing to use EOL software and discusses best practices for organizations to mitigate this risk.
Builders Risk Insurance: Understanding What’s Covered
Builders risk insurance is a specialized form of property coverage that can help protect buildings and other structures under construction. Also known as course of construction insurance, such coverage can assist with various expenses that may result from property damage amid construction projects.
General Cybersecurity Best Practices for Modern Vehicles
Modern vehicle technology has transformed in the past several years as autonomous driving, vehicle electrification and car connectivity features have become more common. While these digital innovations in the automotive industry have added significant customer value, they have also exposed vehicles to cybercriminals attempting to gain access to critical in-vehicle electronic units and data.
Attack Surface Management Explained
An attack surface is the total possible entry points (a.k.a. attack vectors) for unauthorized access into any system. The recent increase in remote and hybrid work combined with the shift to the cloud and widespread implementation of software-as-a-service (SAAS) applications have made attack surfaces increasingly large, complex and difficult to defend against cyberattacks.
Patch Management Explained
Patch management is the process of acquiring and applying software updates to a variety of endpoints, including mobile devices, computers, servers and embedded devices. Installing patches regularly is necessary to correct errors, help protect data and optimize system functions. This article provides information on how a consistent approach to patching and updating software can limit exposure to various exploits.
Employer-reported Nonfatal Workplace Injuries and Illnesses Down 1.8% From 2020
Private industry employers reported a 1.8% decrease in nonfatal workplace injuries and illnesses in 2021 from 2020, according to the U.S. Bureau of Labor Statistics. The incidence rate of total recordable cases remained unchanged year over year, with a rate of 2.7 cases per 100 workers who are full-time equivalent (FTE).
Dollar General Cited With $12.3 Million in OSHA Penalties Since 2017
Dollar General Corp. and Dolgencorp LLC—which operate 18,000 stores and employ more than 150,000 workers—are once again facing penalties from the U.S. Department of Labor after seven southeast OSHA inspections found 31 Occupational Safety and Health Act violations.
Endpoint Detection and Response Explained
Endpoint detection and response (EDR) is a cybersecurity solution that continuously monitors security-related threat information and endpoint data to detect and respond to ransomware and other kinds of malware. It provides visibility into security incidents occurring on endpoints—such as mobile devices, desktop computers, laptops, embedded devices and servers—to prevent damage and future attacks.