Remove Business Interruption Remove Cyber Remove Risk
article thumbnail

How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

article thumbnail

Current Trends in Cyber Insurance: Ransomware

ProWriters

Experts estimated ransomware attacks were hitting businesses every 11 seconds in 2021. As a Cyber Insurance broker, you need to help your business clients understand the dangers ransomware poses, how to defend against them, and why Cyber Insurance is an indispensable part of any sound security strategy.

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

Essential Business Insurance Guide: Safeguarding Your Property From Cyber Threats

Protect Commercial 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. 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
article thumbnail

Cyber Insurance for Contractors: What It Covers & Why They Need It

ProWriters

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
article thumbnail

Why Retail Cyber Insurance Is Non-Negotiable

ProWriters

As our shops go virtual, so do the risks. The retail sector has seen a significant uptick in cyber threats, with ransomware attacks surging by 75% in 2022, according to Sophos. Common cyber threats retailers encounter include data breaches and ransomware attacks, which have become more sophisticated over time.

Cyber 52
article thumbnail

Reflecting on the first 25 Years of LMI Group

Prof. Allan Manning

L oss Management International (Post loss Claims Preparation and Loss Adjusting) , Risk Management International (Pre Loss policy program reviews and business interruption sum insured reviews), and Claims Management International (Post Loss Third Party Administration services) based in Melbourne, Australia.

article thumbnail

Protect Your Business: 5 Essential Insurance Policies You Might Be Overlooking

Protect Commercial Insurance

As a business owner, it’s crucial to protect your business from potential risks and liabilities. In this article, we will explore five often overlooked insurance policies that can provide valuable coverage for your business.