Commercial Insurance

Phishing Scams: Easy Tips To Avoid Them

Phishing Scams: Easy Tips To Avoid Them

Phishing Scams: Easy Tips To Avoid Them Phishing emails are built on a simple premise. Hackers access sensitive information – the kind of information that only the victims would know – and then use this to convincingly impersonate a company’s CEO or other internal employee, client, customer, or supplier. These emails usually fall into two categories: those targeting data or those targeting money. The trouble is that phishing scams can look amazingly genuine because they often incorporate real information. Although you might not be able to spot them at first, the good news is that a little extra vigilance will go a long way in preventing the hackers from getting what they want. DATA Whenever you receive a request to transfer sensitive data, it’s a good idea to first verify the authenticity of the request by speaking to the sender…read more →

Benefits of Cyber Liability Insurance

Benefits of Cyber Liability Insurance

Benefits of Cyber Liability Insurance When cyber attacks like data breaches and hacks occur, they can result in devastating damage. Businesses have to deal with business disruptions, lost revenue and litigation. It is important to remember that no organization is immune to the impact of cyber crime. As a result, cyber liability insurance has become an essential component to any risk management program. Cyber liability insurance policies are tailored to meet your company’s specific needs and can offer a number of important benefits, including the following: Data breach coverage. In the event of a breach, organizations are required by law to notify affected parties. This can add to overall data breach costs, particularly as they relate to security fixes, identity theft protection for those impacted by the breach and protection from possible legal action. Cyber liability policies include coverage for these…read more →

Benefits of Business Interruption Insurance

Benefits of Business Interruption Insurance

Benefits of 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. That’s where business interruption insurance can help. This form of coverage provides protection against a variety of common interruptions, including natural disasters, equipment damage and vandalism. The following are some other major benefits of business interruption insurance: Revenue. In the event of a disruption, business interruption insurance provides coverage for income your business would have earned during a closure period if it had been operating normally. Rent or lease payments. Even if your premises are unusable following a disaster or other event, many leases still require that you…read more →

Cyber Risk Is Everyone’s Business!

Cyber Risk Is Everyone’s Business!

Enough Is Enough! The more we hear about cyber risk, the more people are inclined to cover their ears and say “Enough is Enough!” The problem is, simply being fed up with cyber risk isn’t enough. You need to take action. Today’s technological landscape is evolving at an exponential pace. At the same time, the risk to businesses from malicious cyber-attacks is running in lockstep, if not faster. I recently attended the International Cyber Risk Management Conference in Toronto and the theme was “Cyber Risk is Everyone’s Business.” While we may not be directly involved in or feel we have direct exposure to Cyber Risk, the fact is, like the name says, it is “Everyone’s Business.” Every one of us is touched by cyber risk in some way, and each one of us needs to be aware of our cyber…read more →

Addressing Sexual Misconduct Allegations with Insurance

Addressing Sexual Misconduct Allegations with Insurance

Allegations of sexual misconduct against politicians, celebrities and other public figures have become increasingly common in recent years. In fact, social movements and a strong public outcry have led to a marked increase in sexual harassment claims—claims that can be incredibly damaging for organizations themselves. When these claims arise, organizations are expected to handle them quickly and tactfully, while respecting the weight of the situation and the wishes of the alleged victim. What’s more, alleged sexual misconduct, regardless of whether it is against an executive or employee, can result in a wide variety of claims against a company and lead to serious reputational damages. As such, companies need to handle these situations with great care and be prepared with the proper insurance. Because no single insurance policy provides coverage for every type of claim that may result from misconduct allegations,…read more →

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