The cost of insuring your business depends on a variety of factors, such as: The number of people you employ Whether you’ve had prior suits lodged against your company The percentage of employee turnover Whether you have established rules and practices in place. Depending on the size of your company, EPLI can be offered as an endorsement…
Employment Practices Liability Insurance (EPLI) It includes coverage for defense costs and damages related to various employment-related claims including allegations of: Wrongful Termination Discrimination Workplace Harassment Retaliation If you think an employment practices claim will never be made against your business…think again. Employment related claims impacts organizations of every size, in every industry and can…
Cybersecurity breaches have been on the rise, and it’s expected that by 2023, they’ll have grown to 15.4 million. In addition to implementing strict cybersecurity policies, you also have to take proactive measures to reduce your cybersecurity risks. Learn More How can you reduce cybersecurity risk for your business? Here are 10 practical strategies that you should implement:…
Cyber liability insurance covers the damage that your business suffers because of a cyber security breach. These costs include things like: – Investigative services – Data recovery: Costs of recovering your data following a breach– Identity recovery: Costs and services needed to get control of your identity information following identity theft. Cyber liability insurance also covers damage impacting…
The amount of cyber liability coverage you need depends on your company’s specific risk. It’s a good idea to talk with your insurance broker to determine the appropriate amount to meet your business needs. Here are some questions to consider: Does your company collect, store, send or receive personally identifiable information or personal health information? 2. Is…
What Is Cyber Liability Insurance? Cyber liability insurance protects your business from the cost of cyber threats or breaches involving computer systems and data. That can include sensitive customer information, such as credit card numbers, Social Security numbers, account numbers, health records and driver’s license numbers. Cyber liability insurance is also known as cybersecurity insurance or cyber…
88% of Small Business Owners Feel Vulnerable to a Cyberattack In recent years, there have been an increasing number of costly computer hacking attacks against large companies, but smaller companies face computer liability risks as well. A total of 88% of small business owners feel vulnerable to a cyberattack, according to a recent SBA survey. …