Tag: Liability Insurance

How to Spot Phishing Attacks

Gone Phishing: Don't Take the Bait The 2019 Verizon Data Breach Investigation Report indicates that one third of cyberattacks involve phishing traps. These scams involve imitating a reputable source to induce staff to reveal sensitive information. As companies increase awareness of these cons, cyber criminals increase their efforts, making tactics more sophisticated. How can you protect your company? First, educate yourself and staff about current...

How Telematics is Transforming Insurance

How Telematics is Transforming Insurance Technology is transforming every aspect of our lives, and insurance is no exception. Insurance carriers are tapping into automotive telematics to guide insurance premiums. What is telematics? This is a form of communications technology that can be used for monitoring a vehicle to determine driving behaviors. Using a combination of GPS, Bluetooth, and mobile devices, insurance companies can review customers'...

Is It A Suit Or A Claim?

Is Separate Coverage Required for Suits vs. Claims? You've heard of employees filing a suit against their company. You've also heard of people making a claim against their employer to demand financial compensation. So what's the difference? Are these the same? Do you need separate insurance policies to cover claims and suits? Suit definition: A suit is a proceeding involving damages due to personal injury,...

Spring Cleaning Your Insurance

Spring Cleaning: Remember to Dust Off Your Insurance With the arrival of spring, many homeowners equip themselves with cleaning supplies and tackle the accumulated winter grime. If you're making a checklist for spring chores this month, include a quick cleanup of your personal insurance policies. This yearly review of your coverage should include: Top-to-bottom cleaning: Review your home from shingles to cellar. Have you made...

Watch Out For Storms

Storm Watch: Don't Get Blown Away This Spring During this "in like a lion, out like a lamb" month, the weather is nothing if not unpredictable. But the one thing you can usually count on is a storm; at some point this spring, your business will likely be pummeled by high winds and heavy rains. You might even be hit with hail. Dangerous winds, flying...