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How AI and Automation Are Changing Business Insurance Needs

Mark Jackson Insurance Agency

Robotic hand pointing to digital designs by Tara Winstead Artificial intelligence (AI) and automation are transforming industries across the board, and business insurance is no exception. The Future of AI and Business Insurance AI and automation are reshaping business operations, and with that comes new risks and opportunities.

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The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

Triple-I: Business Insurance

Email compromise, cryptocurrency fraud, and ransomware increase In addition to record-high financial losses from cybercrimes overall in 2023, the report revealed trends across crime methodology and targets. Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders.

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Essential Business Insurance Guide: Safeguarding Your Property From Cyber Threats

Protect Commercial Insurance

Welcome to our comprehensive guide on essential business insurance. As a business owner, it is crucial to protect your empire from various risks and threats that can potentially disrupt your operations and financial stability.

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Is your Agency Climate-Ready for 2025? The Role of insurtech on Risk Management

InsuredMine

Climate change poses an extraordinary challenge for businesses, insurers, and governments alike, making the task of adapting and building resilience feel almost overwhelming. Of this, flooding accounted for approximately $82 billion in damages, yet only $13 billion was covered by insurance, as reported by insurance firm Aon.

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients. If a client trips over cables during a meeting at your office or your equipment damages their property, General Liability Insurance provides coverage.

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Commercial Insurance and Protection of Business Property

Paragon Independent Insurance Agencies

Commercial insurance is vital for protecting business property, assets, and operations from various risks and liabilities around Plano, TX. Commercial Insurance Information Commercial insurance consists of policies to safeguard businesses when financial losses are inevitable.

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Why Retail Cyber Insurance Is Non-Negotiable

ProWriters

million , reflecting the immediate financial losses these incidents can inflict. This insurance is not just a cost of doing business in the digital age; it’s a vital component of a comprehensive risk management strategy , ensuring that retailers can recover and thrive after a cyber attack.

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