The insurance industry pays many more claims for water damage than they do for fire damage! And, the number of losses spike during the cold winter months. Do you know how to reduce the potential for water damage from: Wind-blown rain, sleet and snow from severe storms Ice damming Flooding and damage from surface water Accidental activation or damage to piping containing water Roof collapse For more information and to access the Water Damage Prevention Inspection Checklist >>>
According to an article by Jody Westby, CEO of Global Cyber Risk, published on Leader’s Edge website, as companies look to the year ahead, they should make sure they are prepared for the types of cyber attacks they might encounter in 2019. The cyber threat environment is more sophisticated than ever, and nation-states have increasingly played a role, often in coordination with other actors. Even the best chief information security officers are evaluating their programs against current threats and beefing up. Tell me more >>>
By William P. Desrosiers in “Business, Energy Efficiency, Equipment Care” Thermal shock leads to many cast iron boiler failures, but boiler manufacturers set operational limits to avoid the cumulative conditions that lead to thermal shock. By following manufacturer’s specifications and scheduling consistent, coordinated servicing, cast iron boiler owners can reduce the risk of thermal shock. Tell me more >>>
By Monique Ferraro in Agents, Business, Cyber, Home Under the cover of the dark web, cyber criminals are refining their sinister methods. And they’re only getting more sneaky and destructive. Here are three of their most common tricks and how you can avoid getting fooled. Read on for common cyber tricks >>>
This information is from the FCC’s Cybersecurity Hub. Broadband and information technology are powerful tools for small businesses to reach new markets and increase sales and productivity. However, cybersecurity threats are real and businesses must implement the best tools and tactics to protect themselves, their customers, and their data. Visit www.fcc.gov/cyberplanner to create a free customized Cyber Security Planning guide for your small business and visit www.dhs.gov/stopthinkconnect to download resources on cyber security awareness for your business. Ten key cybersecurity tips to protect your small business.
Is your business unprotected? “Of course not,” you probably say. But how sure are you? Almost 40% of small companies would likely go out of business if the business owner unexpectedly died, according to a new report, the New York Life Small Business Insurance Gap. Tell me more >>> If you would like more information about protecting your business, contact Mary Lyons, GBA, Insurance and Benefits Sales Consultant, Health Benefit Solutions.
After hearing a lot lately about big companies suffering data breaches, it is important to remember that, according to inc.com, half of all cyberattacks target small to mid-sized businesses (SMBs). Based on a 2016 State of SMB Cybersecurity Report, CNBC reported that in the prior 12 months half of all SMBs in the U.S. had been hacked. Read the full article >>>
By Alexander Huls for The Hartford When the electricity goes out at home, it’s often a simple inconvenience. Usually you can remedy this temporary situation with a flashlight and a good book or some board games. But for small business owners, the cost of power outages due to bad weather, accidents, or construction, can be severe – especially if they don’t have business insurance. Tell me more >>> If you have questions about protecting your small business during a power outage, contact Kimberly Warner, Small Business Solutions, Murray.
The difference between a building’s “market value” and its “replacement cost”, as well as the building owner’s and manager’s perception of these terms, can cause confusion when deciding on insurance coverage for buildings.
The ESOP (Employee Stock Ownership Plan) Association’s endorsed Executive Liability Insurance Program allows its members to purchase insurance protection in the areas of (i) Directors and Officers Liability, (ii) Fiduciary Liability, (iii) Employment Practices Liability and (iv) Crime. Additional coverages are now available such as Cyber Liability Insurance on a group basis thereby providing members with more competitive policy premiums and coverage terms than if they were purchasing this protection by themselves in the traditional marketplace. The program is underwritten for Association members on an exclusive basis by Great American Insurance Company and is endorsed by the Association. Shared Vs. Separate Policy Limits Typically, the D&O, Fiduciary and EPL coverages can be purchased under one policy. The criteria of corporate …