Common Restaurant Risks & How to Avoid Them Owning a restaurant can be a risky business, but this should not discourage owners or those looking to open one. In this article, we are going to look at some of the most common risks faced by restaurants, so you are aware before you open your doors. Read The Full Article →
3 Important Things You Did Not Know Cyber Liability Insurance Covered Almost every business today uses computers of some sort to carry out essential business functions. These computers could send or receive information, store information, communicate with those both inside and outside of the organization, and so much more. If any of this data is Read The Full Article →
The Importance of Risk Management in Healthcare Risk Management in Healthcare provides organizations the opportunity to mitigate any risk that may harm them. To achieve this goal, Risk Managers develop strategies to manage risks related to patient record access, protection, and more. In these strategies, they also implement contingency plans for unexpected catastrophic events and evaluate administrative systems & processes that enable operational and financial efficiency. Read The Full Article →
What Happens When There is a Data Breach? A security breach is an incident where information has been accessed without authorization. Technically, there is a distinction between a security breach and a data breach. A security breach is effectively a break-in, whereas a data breach is defined as the cybercriminal getting away with information. The number of breaches and records exposed in 2020 in Read The Full Article →
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 the Read The Full Article →
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 these Read The Full Article →
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 The Full Article →
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 limitations Read The Full Article →
What Does Tools & Equipment Insurance Cover? As a contractor, keeping up with tools on every project is a big part of your job. This is a difficult task because of construction moving forward and the constant changing of equipment. As a result, it is not uncommon to lose these items. Because of this, it Read The Full Article →
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 they Read The Full Article →
