Remove Business Insurance Remove Financial Loss Remove Risk
article thumbnail

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

Triple-I: Business Insurance

Meanwhile, supply-chain attacks increased, and weak notification frameworks further increased cyber risk for all stakeholders. 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.

article thumbnail

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.

Cyber 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Running an IT business in California comes with unique risks and challenges. From data breaches to equipment breakdowns, IT businesses need tailored protection to stay secure and competitive in today’s fast-paced tech landscape. General Liability Insurance Even in a digital world, physical risks exist.

article thumbnail

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.

article thumbnail

How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

Understanding Commercial Insurance Commercial insurance is an essential part of safeguarding your business against unforeseen events that could lead to financial loss. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.

article thumbnail

E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Today’s dynamic business environment and litigious society pose several risks to businesses. As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. Coverage of settlements or judgments awarded against the insured.

article thumbnail

Why Retail Cyber Insurance Is Non-Negotiable

ProWriters

As our shops go virtual, so do the risks. million , reflecting the immediate financial losses these incidents can inflict. Benefits of Cyber Insurance for Retailers While regular Business Insurance covers the loss of physical assets, Cyber Insurance offers protection from risks associated with digital activities.

Cyber 52