Data Security: How to Protect Your Company’s Sensitive Data Data Security is a major problem that internet users must deal with. It has been this way since the beginning of the online era. Hijacks, phishing, and data breaches are among the biggest threats to corporate security of any company regardless of its size.  Organizations are continually investing heavily in information technology (IT) and cybersecurity capabilities. The objective? To protect critical assets.   IT security Giant, Cisco, highlights that “Data is the currency of theRead more

How Digital Ecosystems Create Value Digital Ecosystems are growing in popularity, but what is a digital ecosystem? In simple terms, Digital Ecosystems are “connected sets of services in a single integrated experience,” according to Insurance Thought Leadership. These groups of interconnected information technology resources function as a unit with one key element in common: interoperability. The goal of theseRead more

How to Avoid the Risk of a Cybersecurity Attack Businesses of all sizes and industries face the risk of cyberattacks. And just last year, the world seemingly entered a new era of online business. According to the financial professional & investment firm Nation Wide, 55% of small businesses have experienced a data breach and 53%Read more

What is Prior Acts Coverage & Why is it Important? Every business that purchases a claims-made insurance policy needs to understand what prior acts coverage is. Prior acts coverage is an insurance policy feature. It covers claims made on insurable events that occurred prior to a claims-made policy’s retroactive date. Claims-made policies have distinct limitationsRead more

What Does Tools & Equipment Insurance Cover? Tools and Equipment Insurance is vital for anyone that works in the construction industry. As a contractor, you have tools and equipment spread out through various construction sites. Because of this, it is important to make sure you have insurance coverage for these tools. Find out what contractor’s toolsRead more

3 Ways to Avoid Compliance Burnout Like any great team, your compliance department wants to be more proactive in achieving its goals. Unfortunately, it is not out of the ordinary for compliance team members to carry out a variety of tasks. With time, more and more tasks are piled onto your team members and theyRead more

Everything You Need to Know About Employment Practice Liability Insurance (EPLI) Employment Practice Liability Insurance (EPLI) is necessary for every business, no matter the size. This coverage protects from an employee’s claim when their legal rights as workers have been violated. Here are a few examples of employee rights: Sexual harassment Discrimination Wrongful termination BreachRead more

What Contractors Need to Know About Blanket Additional Insured Endorsements Sometimes contractors need to provide coverage for the third-parties they work with. This is done with a Blanket Additional Insured Endorsement.   In this post, we are going to talk about what they are and give an example.  What Does it Mean to Be an Additional Insured? To understand Blanket Additional Insured Endorsements, you have to knowRead more

How to Avoid a Professional Negligence Insurance Claim In part two of this series on Professional Negligence we talk about how to avoid an insurance claim. In this post you will learn: How to avoid a professional negligence insurance claim. How to protect your business with insurance. Let us start by talking about what ProfessionalRead more

Understanding the Elements of Professional Negligence It is easy to prevent a Professional Negligence insurance claim when you understand the elements that go into determining the outcome of a claim.   In this article on professional negligence, you will learn:  The basics of professional negligence.  The elements of a professional negligence insurance claim.   What is Professional Negligence?  Professional negligence isRead more