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
We define claims management a little differently. We view our role as “a partner in your company’s profitability.”
Loss ControlLoss control has become one of the most important elements of your business’s insurance
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.
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.
Responsible Chemical Storage, MSDS and Spill Preparedness
At INSURICA, we recognize the significant concern that managing chemical-related risks poses for environmental businesses. To ensure a safer work environment, it is crucial to prioritize proper chemical storage, understanding Material Safety Data Sheets (MSDS), and being prepared for potential spills. These elements are essential facets of effective risk management.
Creating a Cybersecurity Culture
Employees are an organization’s first line of defense against cybercriminals. For this reason, they are also commonly targeted. In fact, the vast majority (88%) of data breaches are caused by employee mistakes, according to Stanford University. Unfortunately for organizations, a single mistake can result in costly losses, reputational damage and lost or stolen data.
Healthcare Industry Trends to Watch
The healthcare industry plays a vital role in the U.S. economy, providing medical services and coordinating care for patients. It is an industry that constantly evolves, facing challenges and trends that require attention and adaptation. In this article, we will explore some of the key trends in the healthcare industry and their potential implications.