The cyber insurance market is certainly growing. One of the largest reinsurance companies, Beazley, has obtained a cyber catastrophe bond to enable them to grow their market. This is the first such global insurance catastrophe bond and it’s a $45 million bond. It gives them indemnity against all perils in excess of a $300 million […]

Some states are now requiring firearm liability insurance for gun owners, similar to auto insurance and other types of liability insurance. In some states, it’s decided at the city or county level, whereas others have a statewide mandate that to get a firearm permit, you have to have insurance. Whether or not this holds up […]

Why do businesses, consumers, and high net-worth individuals need to protect themselves from future cyber attacks? Well, here it is all in one chart from Statista, explaining cyber attacks are expected to rise in the coming years. According to the chart, 2022 saw $8.4 trillion dollars lost to cyber attacks. In just five short years, […]

Artificial intelligence (AI) is rapidly changing the way we think about cybersecurity. With the ability to process large amounts of data and identify patterns that humans might miss, AI has the potential to revolutionize the way we detect and respond to cyber threats. However, as with any new technology, there are also challenges and risks […]

As a business owner, will you even be able to obtain cyber liability insurance in the coming years? A very troubling quote from the CEO of Zurich Insurance says that cyberattacks will be ‘uninsurable’ meaning there won’t be any amount of insurance you can get to cover this type of event. Most commercial liability policies […]

Business owners, entrepreneurs, and contractors alike often find themselves in need of protecting their interests and the interests of their clients. Surety bonds and insurance policies are two of the most common ways to do this, but it’s important to understand the differences between them. In this article, we’ll be taking a look at the […]

As a business owner, there will likely come a time when you need to file an insurance claim. Whether it’s a minor issue or a major problem, you deserve coverage. Keep reading to learn more about insurance claims and how to get started filing one. What is an insurance claim? An insurance claim is a […]

As individuals become more conscious of their personal cyber risks, many people are actively taking steps to mitigate this liability. However, certain poor cyber protection practices are still far too common. In an article published by Insurance Business Magazine regarding a survey from Chubb, one of the largest insurance companies, 92% of people that were […]

It doesn’t matter where your company falls on the spectrum of revenue or employee count, cyber protections are going to be key in the coming years. And here’s some data that might be of interest to consider when deciding what steps you’re going to take for cyber security or cyber insurance. Here’s an article from […]

Cyber attacks are becoming increasingly common in today’s digital age, and it’s important to have a basic understanding of what they are and how to protect yourself against them. In this blog, we’ll discuss what a cyber attack is, the different types of cyber attacks, how cyber criminals gain access to your system, and what […]