Business Continuity
Malicious Data Breaches Increased 55% in 2020
The number of malicious data breaches increased 55% from 2019 through 2020, driven by several high-profile breaches, according to Advisen data. This spike reverses the downward trend in the previous few years, as bad actors searched for more lucrative options—namely ransomware. Time will tell if the spike in malicious data breaches during a period dominated…
Read MoreGoing for the Gold: Ransomware Attacks at an All-Time High
From the department of “records we didn’t want to see broken” comes this bit of news: The 4th quarter of 2020 brought a new high in the number of ransomware attacks. As you probably know, the sudden shift to a work-from-home (WFH) environment as a result of the pandemic created a huge range of security…
Read MoreReporting Workers’ Compensation Claims: Act Quickly
There’s often some confusion over the proper steps to take when a workplace injury occurs. Here’s a look at what needs to happen in the event of an injury. The most important overall consideration is time. You’ll obviously want workers to promptly seek medical attention, but follow-up interviews and reporting should be done quickly also.…
Read MoreCommercial Auto Insurance Trends for 2021
If your company has vehicles on the road, you’ve probably experienced premium increases even if you’ve maintained a good safety record. In some cases those rate increases have reached double-digit percentages, a frustrating state of affairs for any organization. The central issue is that the commercial auto segment has been unprofitable for insurers for much…
Read MoreMore Hackers to Worry About: Ransomware-as-a-Service
The huge spike in ransomware attacks on businesses over the last year has multiple causes, many rooted in the pandemic. Plenty of businesses scrambled to set up a work-from-home (WFH) model in a big hurry, leaving a trail of security flaws. There have been ample social-engineering opportunities for hackers also, ranging from phony texts about…
Read MoreAnd the Verdict is … Expensive.
The National Law Journal recently released its list of the Top 100 Verdicts of 2019, “Top 100” referring to the dollar value of the awards. The list should capture the attention of every business owner, especially those in higher-risk verticals. Divided into categories including construction, manufacturing, premises liability and motor vehicle accidents, the Top 100…
Read MoreThe Hard Market: What Can You Do?
In a previous post we covered the factors leading to the current ‘hard market’ in the insurance industry (read it here). Essentially, this year has seen an overall tightening of the market, with premiums going up and insurers less willing to take on new risks. The factors resulting in the current state of affairs are…
Read MoreE-Sign of the Times: Signature Scams
This year has seen many changes to the technology we use to stay connected, as so many have had to work from home. Zoom meetings have replaced conference room gatherings, companies have scrambled to get employees connected from home … and every single change has presented new opportunities for hackers and phishers. Now joining that…
Read MoreManaging Employee Stress in Difficult Times
It’s been a year like no other for all of us, and your team of employees has no doubt been feeling the stress. Besides working remotely, maybe for the first time ever, many are simultaneously trying to handle a full-time job and supervise online learning for their children, or caring for preschoolers or older relatives.…
Read MorePandemic Coverage Gap? We have an answer!
The tragic COVID-19 outbreak has highlighted the significant coverage gap that traditional insurance has not been able to solve: non-damage business interruption as a result of an epidemic. Most standard property damage policies require business interruption to be from physical damage and also typically exclude communicable diseases. To close this coverage gap, we have partnered…
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