We manage more than a quarter billion dollars of premiums for a diverse range of clients around the globe.
Productivity motivates today’s business owners, which includes purchasing the latest computer-driven equipment and machinery. To help protect their investment, most companies purchase property insurance coverage. However, the sophistication of today’s equipment may leave businesses underprotected if they only take a traditional approach to their property coverage.
Nearly every industry and data type is at risk for data breach. The 2013 Trustwave Global Security Report is out with some disquieting findings. Some of the top data-related tactical threats facing companies in 2012 were:
Think about how many times in the past year you have entered private information onto a website’s “secure” system; your name, credit card information, date of birth, social security number, billing address, mailing address, and/or security questions and answers and that’s how many times you were exposed to identity theft. Each bit of information you provide online can be used by hackers to steal your identity. A cyber security breach is one of the most dangerous and harmful risks for any company regardless of the size or industry. As highlighted throughout our Cyber Risk blog series, it is nearly impossible to be 100% protected from cyber criminals. While having the
Real estate is one of the most important assets one can have regardless of owning personally or as a business entity. As they say, it’s all about location, location, location – so you better know exactly what risks you are going to be exposed to when looking to purchase new property or simply evaluating your current location(s). In the aftermath of Superstorm Sandy the scrutiny of flood insurance policies is at an all-time high, particularly, in the northeast. When assessing the value of any new or current property and the insurance requirements and costs that come with it, understanding where it is in relation to local flood zones is critical.
Despite being ripe with positive, useful and educational information, the internet is chock-full of potent dangers, and your children can get into quite a few uncomfortable and, sometimes, dangerous situations whether it is intentional or not. As highlighted in our past blogs on this topic, if you have a standard Homeowners policy, you will likely have little protection from the legal liabilities that can result from inappropriate actions via the internet.
When evaluating your company’s risks, one concept that is frequently overlooked is the idea of how human error could impact your organization. Until recently, there has been very little written on this subject. However, in the recent issue of the RIMS Risk Management Magazine, an article by Tony Kern and David McKay touched on this point and successfully demonstrated how human error is one risk that companies must continually monitor.
One of the most commonly found clauses in any construction contract is the requirement of one party to name another party as an additional insured. It is found in The American Institute of Architects (AIA) documents, the Consensus DOCS, and was inserted in almost all manuscript agreements.
What is your business doing to protect itself from the cyber liability threats it faces? Hackers see small businesses as cash cows and the number of cyber breaches has grown exponentially in recent years. Smaller to midsize businesses have become the quick and easy target for cyber criminals because of easy access and high payout. As a business owner, you must evaluate your risks and have mitigation strategies in place.
The face of the American workforce is changing. Today’s organizations include many employees who work almost solely from home. Many of today’s managers agree that virtual work saves organizations money and, actually, increases productivity. However, home-based employees create new risks for employers.
