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Business Insurance

How Does Cyber Insurance Work?

By Business Insurance, Claim

The cost of dealing with a data breach goes beyond repairing databases, strengthening security procedures or replacing lost laptops. Regulations requiring notifications of affected customers also drive costs for companies in which a data breach compromises personal or confidential data. Traditional business insurance may not be enough to protect companies from cyber-crime. But just how does cyber insurance work?

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Cybersecurity: Two Things You Can Do Now to Speed Up Data Recovery After a Breach

By Business Insurance

Anyone who has been the victim of a ransomware attack or who has lost their data due to an equipment failure can tell you that the most expensive and time consuming part of the ordeal involved data recovery and reconstruction. Now that companies increasingly move toward paperless systems, loss of data can make reconstruction impossible when access to digital records…

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4 Fire Prevention Tips for Your Business

By Business Insurance

Reducing the risk of a potential fire at your business is one of the most important things you can do to help protect your customers, employees and property. The U.S. Fire Administration reports that more than 111,000 nonresidential building fires occurred in 2017. Those fires caused 1,200 injuries and more than $2.7 billion in damages. For business owners, these damages can extend…

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