What Is Cyber Insurance? 1st Party Cyber Coverages (part 2 of 3)
Posted: August 10, 2021
What Is Cyber Insurance? 1st Party Cyber Coverages (part 2 of 3)Over 43% of cyberattacks are geared toward small businesses and a 1-person company!!! When looking to transfer technology risks, your cyber insurance should have 1st party and 3rd party coverages. We covered in details what a 3rd party cyber liability coverage looks like in our previous blog. Let’s look at the extensive list of what a comprehensive cyber insurance offerings are to you, as a...
What Does Cyber Insurance Cover? 3rd party cyber liability overview (part 1 of 3)
Posted: July 27, 2021
What Does Cyber Insurance Cover? 3rd party cyber liability overview (part 1 of 3)When looking to transfer technology risks, your cyber insurance should have 1st party and 3rd party coverages along with other include coverages based on the industry you belong to. Insurance companies are constantly studying and updating the ever-changing cyber coverages based on claims and technology growth. Let’s look at what are the major 3rd party cyber liability coverages look like…. These are CLAIMS MADE LIABILITY COVERAGES:...
Commonly Overlooked Types of Business Insurance
Posted: May 4, 2021
Commonly Overlooked Types of Business InsuranceYou already have business insurance, but have you overlooked a situation that could put your business at risk? We offer a list of the most overlooked types of business insurance, as well as a brief explanation of each type. Employment Practices Liability Insurance (EPLI): This insurance protects against claims filed against your business by an employee, such as wrongful termination, harassment, discrimination, and others. When...
Do I Really Need Cyber Liability Insurance?
Posted: February 19, 2021
Do I Really Need Cyber Liability Insurance?Cybercrime has become a common occurrence. A data breach can have a tremendous impact on the health and finances of a business. If your company’s data was stolen in a cyber incursion, it can damage its reputation, expose it to liability, and interrupt business operations. Cyber liability insurance allows you to transfer some of that risk to an insurance company. What Are the Cyber Risks...
Who Offers Cyber Insurance for Technology Risks? Cyber Market Explained!
Posted: February 10, 2021
We can't function or run our daily business operations without technology. But have you wondered how cyber insurance came into existence? It is only fair to KNOW how cyber policy and coverages became a part of business insurance as a way to mitigate financial risk when it comes to technology perils. Now keep in mind - traditional commercial insurance industry has been around for over...