I often have clients call and say what type of claim will cost me the most. I sort of laugh because honestly it is really hard to give them a correct answer… The variables to this question are endless. For example; Cost them how? Financially? Growth wise? Reputation wise etc.? The more I get asked the question it has me thinking; which types of claims are most common and have a history of being the most costly? So I decided to come up with the top three risks that small businesses are most vulnerable if not covered properly. Continue reading
The 12 principles, announced Friday “will serve as the foundation for protection of sensitive consumer information held by insurers as well as insurance producers and guide regulators who oversee the insurance industry,” said NAIC President Monica J. Lindeen, in a statement. Ms. Lindeen also serves as Montana commissioner of securities and insurance.
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It’s a small business manager’s nightmare – an employee posts a brand-damaging photo online, and it goes viral. In fact, a growing small business challenge is how to manage employees’ social media use and its potential impact on company brand. One solution is to adopt a social media policy – guidelines for employees on appropriate social media use. Continue reading
When a cyber security breach hits the news, those most closely involved often have incentive to play up the sophistication of the attack.
If hackers are portrayed as well-funded geniuses, victims look less vulnerable, security firms can flog their products and services, and government officials can push for tougher regulation or seek more money for cyber defenses. Continue reading
Clark County government computer servers don’t store sensitive plans about upcoming feature films, like Sony Pictures Entertainment servers did when hackers breached the company and revealed emails with embarrassing comments about celebrities.
The county isn’t a big retailer like Target, which also suffered a big data breach and compromised credit card information about customers. Continue reading
Cyber insurance is one of the fastest growing property/casualty insurance markets. But the sector remains the Wild West of risk prevention, a fast moving target with rapidly-evolving risk portfolios, along with losses and liabilities that remain hard to quantify. Continue reading
A bill introduced in the Senate would provide private companies with a degree of protection against liability when sharing information on cyber threats with federal agencies. Continue reading
Just in time for Valentine’s Day comes research warning against the use of popular dating apps on corporate smartphones. Continue reading
