Industry Insights
Explore our insightful blog posts on cyber, E&O, and other insurance coverages tailored for diverse business operations. Gain a deeper understanding of risks and discover proactive, practical strategies to safeguard your venture.
What is Customer Data Management and Why Do Cyber Underwriters Ask About It?
It’s important to regularly evaluate and purge client records as part of a responsible customer data management process. In doing so, you not only… Read more
Read MoreHow to Consider Cyber Insurance Proposals
Cyber Insurance proposals are not all the same. Not only do price & coverage vary, but considering additional factors will be important for your protection.
Read MoreIndependent Trustee Liability & Insurance
As an independent trustee, you are serving in a personal capacity and your personal assets could be at risk – Trustee E&O Insurance is an important protection for you.
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3 Things You Need to Know About Employment Practices Liability
D&O Does NOT Cover E&O
Professional services are meant to be covered in Errors & Omissions (E&O) Insurance policies and are therefore excluded in certain other types of policies through a professional services exclusion. Many insureds do not know that the professional services exclusion exists, and therefore assume that they are adequately covered when they are not.
Read MoreInvestors & Wire Transfer Fraud
Investors and the companies they invest in have significant funds transfer fraud exposure and should be taking steps to protect themselves. Protective steps include simple security procedures and comprehensive Cyber Insurance including funds transfer fraud coverage. We will review your coverage for you.
Read MoreStandalone Cyber Insurance Beats Add-On Coverage
Cyber Insurance should be purchased as a standalone policy covering cyber risks. Some organizations think that they have comprehensive Cyber Insurance when they have really purchased an add-on to another policy. Add-on cyber can mislead an insured into thinking that they have comprehensive cyber coverage.
Read MoreWhat Is Business Interruption Cost?
Business interruption coverage is a standard coverage part in comprehensive Cyber Insurance policies and has become a critical financial protection from ransomware attacks. A Cyber Insurance policy with robust business interruption coverage is an essential protection.
Read MoreCyber Insurance & the War Exclusion
Like many insurance policies, Cyber Insurance policies typically include an exclusion for acts of war, called the war exclusion. The war exclusion has become top of mind because of the threat of cyber-attacks by Russia. You can take steps to minimize the impact and protect your organization.
Read MoreCyber Insurance Market Tightens
Organizations can expect Cyber Insurance premiums to continue to rise, and terms tighten, as cyber attacks continue.
Read MoreNon-Affiliated Additional Insureds
It is not advisable to add non-affiliated organizations as an additional insureds on Errors & Omissions (E&O), Directors & Officers (D&O), Employment Practices Liability (EPL) and Cyber Insurance policies. Adding non-affiliated organizations to these policies may result in reduced coverage.
Read MoreRansomware Perfect Storm
Ransomware attacks have increased significantly and are creating challenges for SMBs and for their Cyber Insurers. And we may be facing a perfect storm for continued ransomware attacks. Proactive steps to reduce exposures combined with Cyber Insurance can greatly reduce financial and operational exposure to cyber risks – make sure you have the right Cyber Insurance.
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