A balanced approach to risk management.
The business world is evolving and impacting our lives as speeds that sometimes can hardly be imagined. It’s critical for all companies to be insured in the most innovative and complete fashion as possible. As your firm’s operations and offerings change to meet the needs of your clients, let us help you stay ahead of those changes. We will keep you aware of current insurance trends and add or expand coverage when it makes the most sense.
CYBER SECURITY INSURANCE COVERAGES
You know your business and your industry. We know insurance. Cyber Security insurance is designed to manage losses from a variety of incidents including data breaches, business interruption losses, damage to your network, and damage to your reputation.The EU’s General Data Protection Regulation (GDPR) goes into effect May 25, 2018. Any business activities within the EU are subject to stringent non-compliance penalties. Let us show you how to be prepared for GDPR.Cyber claims are here to stay. By understanding what you want and what best fits your needs, we will optimize your program and its premiums.
Directors and Officers Liability
One of the most important assets of a firm is its executive team and key leadership employees. Protecting these top performers and their personal assets against the risk of litigation is critical. The D&O landscape is ever changing. It is important that you maintain the broadest and most cost effective coverage possible. At the same time, we can help inform board members on current trends in corporate governance.
Business Continuity Coverage
Business continuity encompasses a set of activities which are intended to ensure that an organization’s critical business functions will either continue to operate despite serious incidents or disasters that might otherwise have interrupted them. This includes risk management planning, business continuation following the loss of a key employee, and business interruption coverage to provide cash management following a major loss.
Critical Specialty Coverages
Businesses have many unknown and misunderstood insurance needs. Key coverages that impact most every organization include: Professional Liability (aka Errors and Omissions), Intellectual Property Insurance, Cyber Liability, and Pollution Insurance. Let us help you better understand how these coverages work and how they can help you.
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With every cyber attack, it becomes increasingly clear that no one is safe from data breaches or cyber extortion. Whether you are an employer that stores proprietary data or an individual with financial and personal information at risk, hackers won’t rest until they have what’s yours. And their tactics continue to evolve. Cyber criminals have[…]
If a security breach affects your organization, your main focus may be to solve the problem as quickly as you can, not point the finger in blame. But your customers want to know why it happened and who was responsible, even if the breach occurred because of their own lax security measures (e.g., sharing passwords[…]
Directors and officers (D&O) insurance can be confusing. Policies often contain a variety of terms that can be difficult to understand, especially for someone without an insurance background. Understanding what’s in your D&O policy is critical, particularly during the underwriting or renewal process. Prior to meeting with your broker, it’s important for policyholders to review[…]
About This Guide Directors and officers liability (D&O) insurance is a critical component of almost every organization’s risk management program. In today’s business climate, D&O insurance is no longer a necessity for just large, publicly traded companies. All organizations—regardless of their size, mission or structure—have some form of D&O exposure. Yet, despite the fact that[…]
Insight for business owners and risk managers provided by INSURICA A data breach can be a devastating event, affecting a company financially and damaging its reputation with customers. But as a director or officer at your company, you face litigation risks based on the decisions you make following a breach and on how you influence[…]
Benefits of D&O Insurance for Private Companies With today’s emphasis on corporate transparency and accountability, an organization’s directors and offices face a countless number of exposures. Regardless of your company’s size or mission, the legal costs associated with a lawsuit can be crippling for both the organization and your directors and officers. Many wrongly assume[…]
Reasons Why You’ll Benefit from Business Interruption Insurance Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures.[…]
Because of the convenience they offer, mobile devices and tablets have become a ubiquitous presence in the modern business world. As usage soars, it becomes increasingly important to take steps to protect your company from mobile threats, both new and old. The need for proper phone security is no different from the need for a[…]
Join Jim Roskopf of INSURICA as he briefly explains the importance of a cyber liability policy and just how more “common place” attacks like WannaCry 2.0 may be becoming.
The FBI has released a Public Service Announcement regarding the continuing growth of Business Email Compromise (BEC). There are is a good deal of useful information in this PSA as well as some remarkable statistics regarding the monetary impact of business email compromise crimes. The FBI defines BEC as a sophisticated scam targeting businesses working[…]