General Liability Insurance: How to Keep your Business Protected

For any business with multiple employees, there are countless scenarios that could result in an unhappy customer filing a lawsuit. Though the possibilities for lawsuits are endless, the lion’s share of those claims is likely to fall into one of two general categories: bodily injury or property damage. Thankfully, general liability insurance is a vast…

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Choosing a Business Insurance Provider: Everything You Need to Know

A huge part of being a small business owner means having to purchase insurance. Some types of business insurance are required by federal law. Others are so crucial to protecting the health and well-being of your employees—not to mention protecting yourself from potential liabilities—that they should be required. Choosing the right bundle of insurance plans…

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Benefits of Professional Liability Insurance

If you’re in a service business, you work with customers on a constant basis. While you want to provide the very best possible service, guaranteeing it is an impossible feat; no matter how much you plan, there will inevitably be human errors, mistakes, or slip-ups that occur in the line of duty. While the vast…

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What Is Cyber Liability Insurance?

Just a decade ago, cyber liability insurance was scant more than a niche market. The insurers that offered it either did so at an outrageous cost—while failing to cover much—or as inexpensive, sub-limited addendums to existing cyber policies. Now, though, the cyber insurance market has burgeoned and become an essential element to any business’ risk…

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Cyber Insurance 101: Why You Need It

Your business is a ship. A fine, sea-hardened vessel with a hard-won reputation for providing safe passage to all aboard and timely delivery of cargo. Pre-digital revolution your greatest worry? Weather and piracy. Now, in this day and age, cyberattacks on your, your employees’ and your clients’ sensitive data are like an infestation of plague…

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What Does a Cyber Liability Policy Cover?

The enhanced accessibility of electronic data storage has created new opportunities for businesses to digitize processes and streamline efficiency from top to bottom. While cloud computing has revolutionized the way firms store and apply data, these advancements also come with their own risks. Cybercrime has emerged as a major threat to every company’s proprietary information,…

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What Is the Average Cost of Cyber Liability Insurance?

The digital age has paved the way for astounding innovation and—as with most emerging technologies—has created new vulnerabilities for people and businesses. And in the case of cyber liability insurance coverage, we’re talking specifically about data breaches. Today, the average data breach costs $3.86 million. Additionally, you might be surprised to discover that 58% of…

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