Prof. Allan Manning

FEBRUARY 24, 2023

A number of pre loss services are also provided by the LMI Group, including Business Interruption Sum Insured Reviews, Policy Drafting, Insurance Program Reviews, Risk Surveys, and Risk Engineering Services along with Business Continuity Management Services, and Cyber Security Reviews.

Insurance Industry 130

Insurance Industry Business Interruption Claim Insurer 130

Protect Commercial Insurance

MAY 30, 2024

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. In this article, we will explore different types of insurance coverage that can help safeguard your business from property damage, liability claims, cyber threats, and more.

Cyber 52

Cyber Business Insurance Business Interruption Professional Liability Insurance 52

ProWriters

MAY 28, 2024

Contractors in the construction industry are not immune to cyber attacks. Ransomware attacks, phishing scams, and other types of cyber attacks can result in data breaches and other incidents that cause financial loss, reputational harm, and legal consequences. Cyber Insurance for contractors is an essential safety net.

Cyber 52

Cyber Business Interruption Insurer Insured 52

ProWriters

FEBRUARY 19, 2024

The retail sector has seen a significant uptick in cyber threats, with ransomware attacks surging by 75% in 2022, according to Sophos. Retail Cyber Insurance protects your clients’ businesses from cyber threats, helping to maintain operational continuity, a seamless shopping experience, and customer trust.

Cyber 52

Cyber Insurer Insured Insurance 52

Cowbell

JANUARY 15, 2025

A successful cyberattack could result in unauthorized access to company accounts, which could compromise company or client data, and lead to business interruption or account lockouts. Speartip: [link] The post Cyber Threat Alert: fasthttp Used in New Bruteforce Campaign appeared first on Cowbell Cyber.

Cyber 52

Cyber Business Interruption Agents Risk 52

Protect Commercial Insurance

MAY 24, 2024

Additionally, general liability insurance typically does not cover claims related to professional services or cyber incidents. That’s why it’s crucial to consider other insurance policies to protect your business comprehensively.

Insurance Policy 52

Insurance Policy Protection Policy Business Interruption 52

Cowbell

SEPTEMBER 23, 2024

At Cowbell, we work with our agency partners and brokers to help educate our clients on emerging and evolving cyber risks and the enemy within can present a very real threat. What is a Cyber Insider Threat? They are typically financially motivated or reveal information to disrupt business operations.

Cyber 104

Cyber Business Interruption Risk Protection 104

Paragon Independent Insurance Agencies

DECEMBER 16, 2024

As cyberattacks become increasingly prevalent worldwide, it’s crucial for business owners and commercial investors in Plano, TX, to consider cyber liability insurance. Protection From Financial Losses Dealing with business interruptions, disruptions, legal fees, and data breaches can quickly accumulate costs.

Commercial Property 40

Commercial Property Liability Insurance Cyber Liability 40

Distinguished

FEBRUARY 24, 2025

Cyber attacks: Digital systems like payment terminals and booking systems are convenient, but they also open restaurants up to the possibility of expensive data breaches. Food spoilage and contamination coverage: Compensates for losses due to spoiled inventory or business interruptions caused by foodborne illness.

Liability 52

Liability Liability Insurance Insurer Insured 52

Insurance Journal

JULY 22, 2024

Delta Air Lines Inc. expects to cancel more flights this week as the carrier tries to recover from a crippling technology outage. The airline canceled more than 800 flights as of Monday afternoon, bringing its total since Friday’s meltdown to …

Business Interruption 287

Business Interruption Cyber 287

Risk Management Monitor

MARCH 4, 2022

A wide range of risks are trickling down from Russia’s assault on Ukraine , from sanctions compliance to supply chain disruption to business interruption. That is not to say that there is necessarily cause for panic, simply that the effects of cyber conflict can be unexpected, widespread and potentially severe.

Cyber 56

Cyber Business Interruption Risk Policy 56

Protect Commercial Insurance

JUNE 27, 2024

Insurance policies such as property, liability, and professional indemnity can provide a crucial safety net, making it essential for businesses of all sizes. Every business that uses technology for storing confidential information, managing data, or even for processing payments is vulnerable to cyber-attacks.

Commercial Insurance 52

Commercial Insurance Commercial Cyber Business Interruption 52

LexisNexis

AUGUST 27, 2024

Learn about the steps businesses should take to recover on the business interruption, including contract and indemnity claims, caused by this software failure. Cybersecurity Insurance Policies Review Checklist Discover key issues and risks that should be considered when reviewing a cybersecurity insurance policy.

Cyber 40

Cyber Business Interruption Insurance Policy Insurance Carrier 40

Insurance Journal

DECEMBER 3, 2024

An accused teenage hacker who was arrested last month in California is suspected of being a member of the notorious cybercrime group Scattered Spider, according to several people familiar with the matter. prosecutors charged Remington Ogletree on Oct. 30 …

Business Interruption 258

Business Interruption Cyber Liability 258

Mark Jackson Insurance Agency

DECEMBER 16, 2024

Address Cyber Risks As cyber threats continue to rise, its essential to evaluate whether your current cyber liability insurance is sufficient. Consider expanding your coverage if your business has increased its reliance on digital operations or experienced cybersecurity concerns this year.

Business Insurance 52

Business Insurance Liability Cyber Business Interruption 52

Cowbell

OCTOBER 11, 2024

Cybercriminals will often target small businesses that may be scrambling to resume operations and are less likely to be vigilant about cybersecurity in the wake of a disaster. This can add another layer of complexity while trying to limit business interruption.

Cyber 52

Cyber Business Interruption Policyholder Claim 52

Risk Management Monitor

DECEMBER 3, 2021

And cyber risk remained elevated in 2021, with more than 600,000 cybersecurity incidents reported in the first six months of the year alone, according to CERT.”. Those that do make the connection are on the path to better mitigating financial exposure, reputational damage, business interruption, and other losses.

Risk 45

Risk Building Business Interruption Cyber 45

Protect Commercial Insurance

NOVEMBER 22, 2024

Myth 4: “Insurance Covers All Types of Business Losses” Limitations of Coverage While it would be lovely if insurance covered absolutely everything, that’s not quite the case. For instance, standard commercial insurance might cover damages from a fire, but do you have coverage for theft or cyber-attacks?

Commercial Insurance 52

Commercial Insurance Commercial Cyber Insurer 52

Protect Commercial Insurance

NOVEMBER 15, 2024

. – Liability Insurance : Protects businesses against claims of negligence or harm caused by their products or services. – Business Interruption Insurance : Essential for covering loss of income if business operations are disrupted. This is where business interruption insurance plays a pivotal role.

Commercial Insurance 52

Commercial Insurance Commercial Protection Business Interruption 52

Insurance Journal

OCTOBER 28, 2024

Delta Air Lines Inc. sued cybersecurity firm CrowdStrike Holdings Inc. over the chaos caused this summer by a “catastrophic” software update that disabled millions of computers worldwide and grounded much of the airline’s passenger fleet. The update crippled Delta’s operations …

Business Interruption 147

Business Interruption Cyber Claim 147

Protect Commercial Insurance

OCTOBER 25, 2024

– Business Interruption Insurance : Compensates for lost income if your business operations halt due to a covered event. How does each type of coverage protect your business? For example, technology companies may need cyber liability insurance, while a restaurant might look into food contamination insurance.

Business Insurance 52

Business Insurance Liability Insurance Liability Policy 52

Protect Commercial Insurance

DECEMBER 6, 2024

Cybersecurity Threats In our increasingly digital world, businesses face a barrage of cyber threats. With data breaches, ransomware, and cyber espionage on the rise, cybersecurity has become a critical focus for companies worldwide. To boot, developing a proactive approach is key.

Commercial Insurance 52

Commercial Insurance Commercial Insurer Insured 52

InsuredMine

OCTOBER 25, 2024

This figure is more than just a number; it represents real people and businesses at risk of financial ruin. Climate change, cyber threats, and shifting demographics are introducing new challenges that demand innovative solutions. Traditional insurance models are struggling to keep pace with a rapidly evolving world.

Risk 59

Risk Insurance Industry Business Interruption Claim 59

Prof. Allan Manning

MARCH 5, 2024

I read this morning that the NSW Fire and Rescue have today reported that there have been 45 fires directly related to lithium batteries since the beginning of the 2024 year. Sadly also two people have lost their lives in the fires and possibly a third yet to be confirmed.

Risk 130

Risk Business Interruption Casualty Insurance Property Insurance 130

Risk Management Monitor

OCTOBER 25, 2022

In other lines of business, as inflation continues to rise and products become harder to get, we can expect to see increased crime activity, with higher value attributed to stolen goods due to shortages and inflation encouraging more employee theft. With rising business pressure, D&O and EPL insurance-related risks also rise.

Risk 40

Risk Insurer Insured Insurance 40

Jackson & Jackson

MAY 23, 2024

For example, businesses in California’s earthquake-prone areas may consider adding earthquake insurance to their policy to protect their property from potential damage. Companies that rely heavily on technology and data storage may also benefit from cyber liability insurance to safeguard against data breaches and cyberattacks.

Small Business Insurance 52

Small Business Insurance Business Insurance Insurer Insured 52

Jackson & Jackson

MAY 22, 2024

Additionally, it can provide coverage for business interruption, tenant improvements, and liability claims arising from third-party injuries or property damage on the premises. For instance, a policy might cover repairing or replacing a roof damaged by a storm or the value of stolen office equipment.

Property Insurance 52

Property Insurance Commercial Property Commercial Insurer 52