A Business Insurance Update Companies prepare for and manage many forms of business risks from the traditional ones such as fire and flood to the emerging types including cyber, dishonest acts of employees, and even insider fraud. Industry experts have found that the cost of an average fraud loss averages about $50,000 (The Association of […]
February 17, 2018
Cyber Risk The Business Journal recently published a report on cyber risk and we thought the results would be good to share with you. While a majority of U.S. finance executives now see high-profile cyber-breaches as a major risk, many still have inadequate or no cyber liability insurance coverage. That finding comes from the Association […]
January 25, 2018
In the past it was uncommon for a company to be sued for more than a million dollars. Now it is not uncommon for a company to have multiple such large claims going on at the same time. A large judgment against your company could damage your reputation and it might even put you out […]
January 18, 2018
There are many insurance myths floating around, and most of them have been around for years. We want to respond to some of these myths with clear information, so that you can make educated decisions about your insurance purchases. Commercial Insurance Myths “Having two agents is better than one, because they keep each other competitive.” […]
November 19, 2017
A Cyber Risk Update Have you ever received a “junk email” claiming to be American Express and speaking of an unauthorized charge to your account say from a recently known cyber-attack such as, Home Depot and they are asking for you to follow a link to correct the problem? The sophisticated web user knows this […]
October 8, 2017
A Workers’ Compensation Update According to OSHA, there are over 4.1 million workplace injuries in the United States each year at a cost to employers of about $155 billion. There is no doubt workers’ compensation is a big expense for employers. Is your insurance broker doing the following things to help you reduce workers’ compensation […]
September 28, 2017
Cyber Liability addresses the first- and third- party risks associated with e-commerce businesses, the Internet, networks and informational assets. Cyber Liability Insurance offers coverage protection for exposures arising out of Internet communications. The concept of Cyber Liability takes into account first- and third- party risks. The risk category includes data storage, business interruptions, fraud and […]
September 19, 2017
Business Insurance and Risk Every business faces a variety of risks. If you have employees you have the risk of employee injury and you buy workers’ compensation insurance to protect yourself from this exposure. No owner or manager wants to believe that their business is exposed to great risks; however, many situations may expose your […]
September 9, 2017
Cyber Liability continues to be a major issue for businesses in 2017. In today’s data-driven social media world, businesses of all sizes have had a cyber-attack or data breach. Statistics show 39% of all cyber incidents affect businesses with fewer than 100 employees. Human errors and systems glitches caused nearly two-thirds of data breaches globally […]
September 7, 2017
A Business Insurance Update Buying business insurance is like investing in your business. While you may never have a claim, if you do the resources provided by your insurer can keep your business going. That is why it is important to have an agent who understands your needs and can help you design a business […]
August 31, 2017