Cyber Insurance Blog

According to a recent report by Deloitte, local governments have become primary targets for ransomware attacks in recent years. Cyber attacks on municipalities were rising at an alarming rate even before the pandemic. KnowB4, a security awareness training company, reports that known attacks on local governments rose by 58.5% from 2018 to 2019. Malicious activity skyrocketed from there in 2020…

While every business or organization should strive to reduce their risk, we live in a world where it’s impossible to eliminate risk entirely. For example, cyber attacks have become an enormous threat, yet a modern-day business will not survive without joining the digital world in some capacity. Your clients need to be ready to proactively review their risk appetite and…

While your clients may think they’re covered, many business owners aren’t aware of the wide range of liability claims and lawsuits that can be pursued against them. In our highly litigious society, uninsured lawsuits can pose a serious financial risk. The Americans with Disabilities Act (also known as the ADA) prohibits businesses and organizations from discriminating “against individuals with disabilities…

When the California Consumer Privacy Act (CCPA) was passed in June 2018, for-profit businesses were held to a new standard when handling their consumer’s data and information. On November 2, 2020, Proposition 24 was passed, effectively changing the CCPA in a number of ways. Now known as the California Privacy Rights Act of 2020 (CPRA), both businesses and consumers need…

If your clients have a commercial website, there’s a good chance they could be vulnerable to federal lawsuits under Title III of the Americans with Disabilities Act (ADA). With ADA compliance insurance, business owners can guard against the increasing risk of Title III lawsuits. ADA Title III requires organizations to provide public accommodations to serve and communicate effectively with customers…

What is cyber insurance and why do you need it? It’s a question all brokers should be able to explain to their clients. Here’s why… Many business people mistakenly think their general liability insurance will protect them in the event of a cyber attack. In most cases, it won’t, and the losses can be devastating—which is why having cyber insurance…