Archive For The “Liability” Category

Why Do I Need Cyber Liability Insurance?

By | August 7, 2015

Why Do I Need Cyber Liability Insurance? One of the biggest stories of the 2013 holiday shopping season had nothing to do with the hottest toys or the increased reliance on online shopping: Hackers infiltrated Target’s point-of-sale system in December and gained access to the credit and debit card information of 40 million customers and […]

Read more »

Cyber Security for Medical Devices and Life Science Companies

By | July 3, 2014

Many medical devices and life science companies contain configurable embedded computer systems that can be vulnerable to cyber-security breaches. In addition, as medical devices are increasingly interconnected via the Internet, hospital networks, other medical devices or smartphones, there is an increased risk of cyber-security breaches, which could affect how a medical device operates. The Food […]

Read more »

Retail Risk Insights: Protect Your Online Retail Network

By | April 25, 2014

With the increasing popularity of smartphones and tablets, access to online shopping websites is only a fingertip away for most consumers. Online retailers can expect $327 billion in sales annually by 2016; but this growth comes at a price. The online retail industry is an increasingly attractive target for major cyber attacks. The results—including tarnished […]

Read more »

Cyber Risks & Liabilities: Complying with HIPAA

By | April 25, 2014

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) addresses the privacy of individuals’ health information by establishing a federal standard concerning the privacy of health information and how it can be used and disclosed. Background As health care institutions began storing larger volumes of private health data digitally, the need to protect this […]

Read more »

Cyber Risks & Liabilities: Defining, Identifying, and Limiting Cyber Crime

By | April 25, 2014

A vast amount of information is now stored on computer servers and databases, and it’s growing every day. Because that information has great value, hackers are constantly looking for ways to steal or destroy it. Cyber crime is one of the fastest growing areas of criminal activity. It can be defined as any crime where: […]

Read more »

Cyber Risks & Liability: Basic Loss Control Techniques

By | April 25, 2014

Protecting your business from cyber risks can be an overwhelming venture. A new day means more viruses are being discovered, more spam is being delivered to your inbox and yet another well-known company is the victim of a data breach.   The world will never be free of cyber risks, but there are many loss […]

Read more »

Construction Risk Insights: Liability Exposures for Green Contractors

By | March 10, 2014

Green building is a growing trend, as businesses want to do their part to help the environment while lowering energy costs at the same time. Plus, green building is becoming increasingly more difficult to avoid because federal, state and municipal governments are starting to mandate it for new residential and commercial construction. Jumping into the […]

Read more »

New Insurance Coverage for Medical Technology and Life Science Companies – Errors and Omission Liability Coverage

By | February 18, 2014

Did you know? Life Science and medical device companies are required to assume liability for a customer’s financial loss if the products or services they offer are deficient or do not meet the customer’s expectations. During the past six months, several insurance carriers have unveiled a new product for manufactures, suppliers, and distributors of medical […]

Read more »

Cyber Risks & Liabilities: Responding to a Data Breach

By | January 22, 2014

No company, big or small, is immune to a data breach. Many small employers falsely believe they can elude the attention of a hacker, yet studies have shown the opposite is true. According to Verizon Communication’s 2012 Data Breach Investigations Report, 72 percent of the 855 data breaches analyzed were at companies with 100 or […]

Read more »

Cyber Risks & Liabilities: Valuing Your Intangible Assets

By | January 22, 2014

Intangible assets are increasingly important in today’s service-based economy, but being able to identify and value those assets in order to insure them can be difficult.   What Are Intangible Assets? Intangible assets are, at their most basic level, assets that are not physical in nature. Intangible assets include legally protected intellectual property—patents, trademarks, copyrights […]

Read more »