If you’re obtaining a surety bond or insurance policy for your construction-related business, it may be advisable to consider coverages for job site thefts. There has been a significant increase in construction site burglaries, thefts, and missing materials. Previously, it was sufficient to obtain coverage for damages, such as a stack of lumber that got […]

Cybersecurity has become a major concern for small businesses in today’s digital age. Many of them are struggling with cyber insurance and implementing policies due to the rapidly evolving cybersecurity landscape. Small businesses often cannot dedicate an entire team of people to it, so they resort to cyber insurance rather than prevention. Usually, the cyber […]

In today’s world, every organization relies heavily on technology. Everything connected to the internet is considered a cyber device, from mobile devices to computers, routers, switches, and modems. Considering these devices and creating a cyber asset inventory is crucial to improve cybersecurity and minimizing cyber liability insurance risks. A cyber asset inventory lists all the […]

If you’re a property or business owner, you’re likely keeping an eye on insurance rates. Insurance is essential to protect your property, business, and assets. However, as we look to 2023, the outlook for insurance rates is not so rosy. This article will discuss the rate increases you can expect for multifamily properties, commercial properties, […]

If you’re running a business, you know the increasing risks of cyber threats. From data breaches to ransomware attacks, cyber threats can cause significant financial losses, business interruptions, and reputational damages. Cyber insurance is a type of insurance that helps protect businesses and individuals from these cyber risks. In this blog, we’ll explain what is […]

Cybercrime is a significant problem, but small businesses may not be aware of its potential impacts, such as cyberattacks, hacking, or ransomware. The scope of the problem is better understood by comparing it to the US market, where the cybercrime industry is worth $8 trillion. If cybercrime were a country, it would be the world’s […]

One area where cyber liability insurance and protection has encountered conflict is at the state level concerning cyber breach laws. The regulations companies must comply with regarding the disclosure or security of consumer information are shifting from the federal government to the states. As a result, many states now have data privacy laws that require […]

Cyber risks are a serious concern for companies. However, some companies are avoiding the topic altogether, like an ostrich with its head in the sand. Despite this, cyber risk is more probable and severe than other types of risks, such as product liability, fire, or premises liability. Therefore, cyber risk is a significant issue that […]

Here’s a topic we’ve covered a few times in the past, but this is an interesting spin on it: cyber security for smart devices on your network. Most people are very careful about protecting their computers and cell phones from hacking, viruses, and cyber attacks. But it’s important to consider the other devices that are […]

As a business owner or manager, you know that cybersecurity is crucial for protecting your company’s assets and reputation. But did you know that your cybersecurity risks extend beyond your own networks to third-party suppliers and vendors? In today’s interconnected world, supply chain cyber risk is a real and growing threat to businesses of all […]