As cyberattacks become more frequent and costly, it’s crucial for organizations to maximize their financial protection against related losses by purchasing sufficient insurance. Cyber coverage, also known as cyber liability insurance, can help organizations pay for a range of expenses that may result from cyber incidents—including (but not limited to) data breaches,ransomware attacks and phishing scams.
In recent years, cyber incidents have surged in both cost and frequency. That’s why it’s vital for businesses of all sizes and sectors to understand their digital exposures and take steps to minimize damages that may result from cyber incidents. In particular, businesses should consider their reputational risks.
Coastal environments refer to areas located on or within a few miles of shorelines. These environments are some of the most popular spaces for commercial real estate in the United States, primarily due to their economic benefits.
It is our top priority to keep the workplace safe. However, workplace violence remains a serious safety and health issue.It can occur inside or outside the workplace, and can range from threats to fatalities.
Commercial umbrella insurance is a flexible form of coverage that can help supplement several traditional liability policies,including general liability insurance, commercial auto coverage and employment practices liability insurance.
Each year, more than 5,000 workers are killed on the job. Additionally, more than 3.6 million employees are seriously injured each year while at work. Because of this, the Occupational Safety and Health Administration (OSHA) holds a nationwide event each August called Safe and Sound Week, which promotes the importance of companies incorporating safety and health programs into their workplace. This year, the event runs Aug. 12-18, 2024.
Profitable underwriting results have generated favorable conditions across the workers’ compensation insurance market for nearly a decade. According to the National Council on Compensation Insurance (NCCI), the segment produced combined ratios of 84.5 and 84.9 in 2022 and 2023, respectively, demonstrating continued profitability.
In what is being called “the most important cyber accumulation loss event since NotPetya,” the July 19, 2024, global technology outage (CrowdStrike) will produce scores of insurance claims across a range of policies, test cyber policy wordings,and sharpen the industry’s focus on single points of failure.
Researchers at Colorado State University have upped their forecast for this year’s Atlantic hurricane season, now projecting at least 25 named storms, with 12 of them expected to reach hurricane status.
Company drivers are exposed to several risks on the road. In fact, according to a Bureau of Labor Statistics report, transportation incidents are the leading cause of work-related fatalities in the United States. Additionally, the most recent data from the Network of Employers for Traffic Safety found that U.S. traffic crashes cost employers over $72 billion annually, demonstrating that drivers can also create major liabilities for a company.
