Cyber Practice
Cyber Liability Insurance is designed to protect companies from the costs and liabilities arising out of data breaches. At INSURICA, we want to help you protect your business by understanding your goals, providing resources, and offering expert advice and analysis.
Experience and Expertise
Business owners across the country are learning the hard way that computer security and data breaches are affecting companies of all sizes from many different industries. Online malware (Trojans, worms, and viruses), spam, phishing, or lost equipment may present different types of risks and liabilities that are not covered under the Commercial General Liability policy. The number of cyber-attacks has increased by 42 percent in the last year, and most businesses never fully recover after becoming victims of a breach. Many business owners think it could never happen to them, but industry experts agree: it is not a matter of if, but when. It only takes one virus, one stolen laptop, one hacker, or even one lost paper record for sensitive data to be compromised.
WHY FOCUS ON CYBER INSURANCE?
- Expansion and ubiquity of technology
- Regulatory requirements after a breach
- Financial impact of a data breach
- Most General Liability policies provide no coverage
Resources
Claims
Claims
We define claims management a little differently. We view our role as “a partner in your company’s profitability.”
Loss Control
Loss Control
Loss control has become one of the most important elements of your business’s insuranceprogram.
Alternative Risk
Alternative Risk
Self-insurance, large deductible plans, captive insurance…Our programs are tailored to fit your specific needs.
Find Out More About Our Services and Capabilities
We are here to answer any questions you may have and look forward to hearing from you.
Latest News
Today’s insurance programs must take into account the unique challenges faced by each client. In addition to a strong coverage program, some businesses may need advanced services. INSURICA has the additional Client Services required by complex business operations.
OSHA’s Safe and Sound Week Scheduled for Aug. 12-18
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.
2024 Midyear Market Outlook: Workers’ Compensation
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.
CrowdStrike, the Most Important Cyber Accumulation Loss Event Since NotPetya, Highlights Single Points of Failure
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.