Cost of a HIPAA Violation
Patients share critical health related information with caregivers and health organizations with the belief that their data will be kept confidential. Any breach of data confidentiality can lead to critical patient information being leaked to unwanted sources and can cause people to lose trust in their health provider. The HIPAA privacy rule was enacted in…
Read MoreHow to Create a Small Business Cyber Security Plan
An amazing entrepreneurial spirit is what drives small businesses. Small business is all about agility, innovation, service, and continuous improvement while managing risks efficiently. But do you or any of your employees have experience in cybersecurity risk? Your business likely connects to the internet for one reason or another, and even if you don’t store…
Read MoreSmall Business and Cloud Storage: Is Your Data Secure?
In today’s highly competitive environment, businesses compete to provide the best, most secure customer experience possible. That explains why they are always on the lookout for detailed customer insights to optimize both consumer and business potentials. Digital innovations such as cloud system technology systematically organize data for maximum reach and performance; and is increasingly the…
Read MoreSocial Engineering: 7 Common Red Flags
Most of us believe we now have enough awareness to avoid opening sketchy emails or clicking on dubious links. But the truth is cyber-attacks and phishing scams have become much more sophisticated. Your employees may be immune to requests for money from a Nigerian prince, but are they in tune enough to take a closer…
Read MoreDeveloping an Effective Risk Management Plan
When problems arise mid-project, it generally isn’t due to some unforeseen, unavoidable circumstance, but rather to a misstep or series of missteps that could have been avoided with proper planning. That, in essence, is the risk management definition (by Oxford Dictionary): “the forecasting and evaluation of financial risks together with the identification of procedures to…
Read MoreWhat Does Professional Liability Insurance Cover?
Some people endure a setback and immediately look for someone to blame. And if you’re a physician, attorney, accountant, real estate broker or anyone who served as a consultant to such a person, they’re likely to point the first finger at you, and perhaps even file a lawsuit against you. That’s where professional liability insurance…
Read MoreGeneral 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…
Read MoreChoosing 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…
Read MoreBenefits 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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