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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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[…]
As a leader within your organization, you want to trust your employees and the people you do business with. However, the sad reality is that no organization is immune to the threat of crime and fraud. In fact, the Association of Certified Fraud Examiners estimates that organizations around the world lose approximately 5 percent of[…]
According to a recent report, 88 percent of employees lack the understanding necessary to prevent common cyber incidents. That report is based on the results of a survey given to more than 1,000 employees across the Unites States, and was designed to test the level of knowledge and awareness of cyber security among employees by[…]
A malware campaign called Googlian has breached over 1 million Android devices, and continues to affect approximately 13,000 devices every day. The malware is capable of stealing a user’s authentication, which allows it to gain access to personal data from Google Play, Gmail, Google Photos and other platforms. Googlian uses a Trojan horse attack, in[…]
Intellectual property—patents, trademarks, copyrights and trade secrets—may be more important to your business than tangible assets. There are various avenues you can take to protect them from competitors and, more importantly, thieves. It is estimated that intellectual property theft costs domestic companies over $300 billion a year in lost revenue. Understanding your intellectual property and[…]
According to a recent report from Experian, a global information services group, businesses can expect to see an increase in the number and severity of cyber attacks in 2017. The report also predicts that a large number of politically-motivated cyber attacks near the end of 2016 will escalate into a larger cyber attack conflict, and[…]
The Federal Motor Carrier Safety Administration (FMCSA) recently released a final rule that will create a national drug and alcohol testing clearinghouse for commercial driver license (CDL) holders who operate commercial motor vehicles (CMVs). Under the rule, drivers will be added to the clearinghouse if they test positive for drugs or refuse to perform a[…]
According to a report released by the Office of Inspector General, the Federal Aviation Administration (FAA) has mishandled a large number of safety violations regarding the use of unmanned aerial systems (UASs), commonly referred to as drones. Since the FAA has authorized the use of drones for commercial purposes, the agency has granted more than[…]
OSHA currently requires employers to keep track of their employees’ injuries and illnesses in an “OSHA log.” However, in 2016, the agency released a final rule that will also require some employers to submit these records electronically, so they can be posted on OSHA’s website. The final rule became effective on Jan. 1, 2017. The[…]