article thumbnail

Cybersecurity Best Practices

Scott Insurance

High-profile cyber attacks like the Microsoft Exchange server hack, the SolarWinds Orion software compromise and the Colonial Pipeline ransomware attack have highlighted increasing cyber risk for nearly every type of business. Businesses across all industry segments are subject to these trends.

Cyber 52
article thumbnail

A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

– Data Breach Insurance : Critical for technology-reliant businesses, protecting against cyber risks. – Premiums and Deductibles : Clarify how much you need to pay and under what circumstances deductibles apply.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

ProWriters

Coverage limits, deductibles, and other policy terms can be adjusted to align with the company’s nature and size. ProWriters’ Cyber IQ Comparative Rate Platform now lets you research these liability policies with the same speed and accuracy you get when using it to prepare Cyber Insurance quotes.

article thumbnail

What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

– Potential deductibles and what’s financially viable if you need to make a claim. For example, technology companies may need cyber liability insurance, while a restaurant might look into food contamination insurance. Assess whether there’s a need for: – Cyber Insurance for data breaches and cyber threats.

article thumbnail

Save Money on Small Business Insurance in California

Jackson & Jackson

Companies that rely heavily on technology and data storage may also benefit from cyber liability insurance to safeguard against data breaches and cyberattacks. Obtain quotes from multiple insurers, comparing their coverage options, limits, and deductibles.

article thumbnail

Understanding Multi-Family Property Insurance in California.

Jackson & Jackson

Additionally, investors can explore the option of higher deductibles to reduce premiums. However, it is crucial to strike the right balance between cost savings and ensuring that the deductible remains affordable in the event of a claim. By assuming a higher portion of the risk, investors may be able to negotiate lower insurance costs.

article thumbnail

Understanding the CrowdStrike Attack and Cyber Insurance

ProWriters

The CrowdStrike outage is also a stark reminder: No organization is invulnerable to disruptive, costly, and potentially disastrous cyber incidents. This incident caused the data access challenges, service interruptions, and damage to revenue and reputation an actual supply chain cyber attack can cause. What Is the CrowdStrike Attack?

Cyber 98