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Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix

Insurance Journal

The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 billion, modeling and insurance services firm Parametrix estimates. The portion of the loss covered under cyber insurance policies

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Ensuring your business has the right insurance policies is not just a smart decision—it’s essential for long-term success. Here are the top 6 insurance policies every IT business in California should have to safeguard their operations. One oversight could lead to costly lawsuits.

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

Protect Commercial Insurance

While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking. That’s why it’s crucial to consider other insurance policies to protect your business comprehensively.

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How Climate Change is Shaping Insurance Policies for Commercial Properties

Protect Commercial Insurance

These impacts not only affect the day-to-day operations of companies but also play a crucial role in shaping the insurance policies designed to protect these properties. Flood damage has been one of the most financially draining disasters for commercial property owners.

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UMBRELLA INSURANCE EXPLAINED FOR NJ FAMILIES

Boyle Agency Insurance

It is basically designed to protect you and your family from financial loss if you should suffer a catastrophic event and your other insurance policies don’t provide enough protection. This is where Umbrella Insurance comes in – to cover you like an umbrella. Do I Need Umbrella Insurance?

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Understanding the CrowdStrike Attack and Cyber Insurance

ProWriters

Businesses should: Assess Vendor Risk Businesses should ensure their insurance policies account for risks associated with dependencies on external vendors. Understand Coverage Limits Businesses must closely examine their Cyber Insurance policies to understand what is covered in the event of an IT outage caused by third-party vendors.

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Commercial Insurance Strategies To Protect Your Business

Paragon Independent Insurance Agencies

Liability Insurance Liability coverage protects you against legal costs that could disrupt your business. Protection against damage and theft shields you from financial losses that could affect your business sales. In essence, having comprehensive insurance coverage is indispensable.