Cyber Insurance Blog

Contractors in the construction industry are not immune to cyber attacks. Ransomware attacks, phishing scams, and other types of cyber attacks can result in data breaches and other incidents that cause financial loss, reputational harm, and legal consequences. Cyber Insurance for contractors is an essential safety net. How can you stress the need for Cyber Liability Insurance for contractors to…

When you think about cyber risks, you probably think about the dangers malware attacks, data breaches, and other incidents pose to your business clients’ operations, revenue, and reputation. You’re right to do so. But cyber threats can pose risks to not only sensitive data but also to physical safety. Contingent bodily injury cyber attacks can cause physical harm, directly or…

Today’s dynamic business environment and litigious society pose several risks to businesses. As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. Both types of policies involve legal liabilities and are important. But when you help your business clients appreciate the difference between E&O vs. EPLI, you’ll…

Taking a retail business online opens up many opportunities for entrepreneurs and consumers. An online retail platform allows retailers to tap into a global marketplace without the overhead costs of a physical store. Customers from anywhere can access products with the click of a button. However, a digital storefront has its pitfalls. As our shops go virtual, so do the…

Digital collection, storage, and retrieval of personal data are essential to patient care and medical research today. Protecting that data from unauthorized access is essential, too. Healthcare data breaches can occur for many reasons. However they happen, security breaches in healthcare can have serious consequences for patients and the organizations responsible for protecting patients’ data. The Health Insurance Portability and…

Financial services companies—banks, credit unions, investment firms, insurance companies, and others—make enticing targets for cybercriminals. Globally, only the manufacturing sector sees more cyber attacks than the financial industry does. The New York Department of Financial Services (NYDFS) established cyber security requirements for financial services companies in 2017. Since then, the cyber security landscape has changed. So have the steps financial…