Cyber Premium Theft 
Zywave
NOVEMBER 13, 2024
Within the next decade the cyber insurance market is projected to grow to over $120 billion according to a report by Fortune Business Insights. That means there’s a lot of opportunity for insurers who are looking to either grow their cyber business or expand into the cyber market. But with growth opportunities comes risk.
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. Theft or vandalism: Restaurants can be common sites of burglary or vandalism, which can not only turn off customers but also lead to pricey repair bills.
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Triple-I: Business Insurance
APRIL 4, 2024
Cyber incidents reported to the FBI’s Internet Crime Complaint Center (IC3) in 2023 totaled 880,418. The 2023 Data Breach Report from Identity Theft Resource Center (ITRC) reveals that last year delivered a bumper crop of cybersecurity failures – 3,205 publicly reported data compromises, impacting an estimated 353,027,892 individuals.
Protect Commercial Insurance
NOVEMBER 22, 2024
While it might sound complicated, this actually means your premium is tailored to fit your needs, ensuring you don’t overpay for unnecessary coverage. Bundling different types of coverage—think of it as grouping all your essential services in one place—can also help reduce premiums. Each policy has specific inclusions and exclusions.
Protect Commercial Insurance
OCTOBER 25, 2024
Think about the everyday operations of your business: – Are there physical locations that require protection from natural disasters or theft? Reflect on: – How much you can comfortably allocate from your business budget for insurance premiums. – Do you handle sensitive customer data?
Jackson & Jackson
MAY 22, 2024
With the right insurance coverage, investors can mitigate financial losses resulting from unforeseen events such as fires, storms, theft, or vandalism. For instance, properties in high-risk areas for wildfires or earthquakes may require additional coverage or face higher premiums.
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.
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