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The latest reports from FBI and ITRC reveal that cyber incidents in 2023 broke records for financial loss and frequency.

Triple-I: Business Insurance

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. Investment fraud was the costliest of all incidents tracked. billion in 2022 to $3.94

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How a Cyber Attack Could Show Up in Your Snail Mail

ProWriters

They could use this data themselves in further cyber attacks, including identity theft and phishing campaigns. It provides vital assistance in recovery efforts after a cyber incident, as well as critical protection against financial losses. Or they could sell it to other hackers on illegal markets.

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Restaurant Insurance in Charlotte, North Carolina: A Broker’s Guide

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Equipment breakdown: A sudden breakdown of refrigeration units, ovens, or HVAC systems can result in both operational disruptions and financial losses for a restaurant. 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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What Your Clients Must Know About Cyber Insurance War Exclusions

ProWriters

Cyber Insurance war exclusions can leave businesses vulnerable to financial loss. China’s quest for “independence from the West” has led it to conduct state-sponsored campaigns of “cyber espionage and intellectual property theft,” Lior Div told cyber security firm ExtraHop.

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Commercial Insurance Strategies To Protect Your Business

Paragon Independent Insurance Agencies

Protection against damage and theft shields you from financial losses that could affect your business sales. For instance, if theft recurs, it might indicate a need to enhance your business security by investing in safety devices such as security cameras and lights.

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Professional Liability Insurance protects your business against claims of negligence, errors, or omissions that result in financial losses for your clients. Business property insurance protects your physical assets against risks like fire, theft, or natural disasters. One oversight could lead to costly lawsuits.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

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Crime insurance : Protects against financial losses caused by theft, burglary, or employee dishonesty, covering stolen money, securities, or property. Earthquake and flood coverage : Provides protection for damage to the building and common areas caused by earthquakes or floods.