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risk management

How to Protect Your Business From Cyber Criminals

Cyber liability insurance is a type of insurance that protects businesses from financial losses that are caused by cyberattacks. Cyberattacks can take many forms, such as data breaches, ransomware attacks, and denial-of-service attacks. Data breaches can expose sensitive customer data, such as credit card numbers and Social Security numbers. Ransomware attacks can encrypt a business’s data and demand a ransom payment in order to decrypt it. Denial-of-service attacks can make it difficult or impossible for customers to access a business’s website or online services. Cyber liability insurance can help businesses to recover from the financial losses that are caused by… Read More »How to Protect Your Business From Cyber Criminals

LLC or S-Corporation?

A limited liability company (LLC) is a business structure that provides limited liability to its owners. This means that the owners are not personally liable for the debts and liabilities of the business. LLCs are a popular choice for small businesses because they offer the benefits of both a corporation and a partnership. To form an LLC, you will need to file articles of organization with your state’s secretary of state. You will also need to choose a registered agent and a name for your LLC. Once you have filed the necessary paperwork, you will be able to start operating… Read More »LLC or S-Corporation?

Credit Card Incident Response Policy Template

To address credit cardholder security, the major card brands (Visa, MasterCard, Discover, and American Express) jointly established the PCI Security Standards Council to administer the Payment Card Industry Data Security Standards (PCI DSS) that provide specific guidelines for safeguarding cardholder information.  Use the template below to handle breach, theft and fraud related to credit card transactions. Download

Commercial General Liability Exclusions j. (5) and j. (6) Are Not the Same

Denial of Commercial General Liability Coverage (CGL) coverage for certain types of property damage claims made against contractors or other repair or service business frequently cite exclusions j. (5) and j. (6), or as Randy Maniloff1  has named these exclusions, the “double js.” Put another way, these exclusions are appropriately labeled “double js” because if an insurer is citing one “j.”, it will almost always cite the other “j.” as a basis for a coverage denial.   The problem with lumping together of exclusion j. (5) and j. (6), which is the most prevalent when the property damage being claimed is… Read More »Commercial General Liability Exclusions j. (5) and j. (6) Are Not the Same

Distracted Driving and Insurance Premium

Most drivers are aware of the dangers of driving while distracted. However, something that many drivers do not realize is that in addition to the legal ramifications, these distractions can affect the premiums you pay for your auto insurance. Most drivers are aware of the dangers of driving while distracted. However, something that many drivers do not realize is that in addition to the legal ramifications, these distractions can affect the premiums you pay for your auto insurance. While any number of things can distract a driver from the road — including eating, adjusting the sound system, or talking to people in your vehicle… Read More »Distracted Driving and Insurance Premium

Furnace Safety Tips

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Clean Or Change Furnace Filters Regularly. Replace disposable filters. Wash, brush or vacuum permanent filters. Check The Exhaust Vent From The Furnace. Clear obstructions such as leaves or animal nests from the vent pipe. Keep roof exhaust vents clear of snow. Inspect The Blower Motor With The Power Off. Vacuum any accumulated dirt. If the owner’s manual calls for it, oil the motor. Inspect the V-belt and pulleys for wear. Tighten the belt if it moves more than an inch when you push it. Check Air Intake. Most mobile home furnaces draw combustion air from beneath the home. To allow… Read More »Furnace Safety Tips

Workers Compensation Deadlines – All 50 States

If you have been injured at work, you need to be aware of the deadlines that apply to workers compensation claims in your state. In most states, there are two types of workers compensation deadlines. The first is a deadline to report your injury or illness to your employer, and the second is a deadline for filing a claim for benefits. If you miss either of these deadlines, you could lose your benefits eligibility. Use the chart below to learn about the deadlines in your state. State Report the Accident to Your Employer in Writing* File a Workers’ Compensation Claim**… Read More »Workers Compensation Deadlines – All 50 States

How to Onboard and Train Employees into a Safety Culture

How to Onboard and Train Employees into a Safety CultureOnce you attract and hire qualified job candidates to your open positions, having an onboarding and training process can help employees work safely and effectively. A continuous onboarding program will help orient employees not only to the functional details of employment, such as appropriate safety procedures, but also to the safety culture of the organization.

Employee retention strategies, such as onboarding and training programs, can also help protect the considerable time and expense invested in recruiting and hiring new employees. According to the Institute for Research on Labor and Employment (IRLE) at the University of California at Berkeley, the costs of replacing an employee are approximately 9% of an employee’s annual wage. In addition to any lost productivity and institutional knowledge, those costs include recruitment, selection, the costs of learning on the job and any separation costs.Read More »How to Onboard and Train Employees into a Safety Culture

Prepare RV for Winter to Prevent Claims in Spring

If you have made the decision to end your camping season for the winter, you’ll need to perform some routine preventative maintenance on your RV to avoid expensive repairs in the spring. Depending on where you live, winterization can be done at a local RV dealership for a nominal fee, but many RVers opt to handle these duties themselves. This handy checklist should help you to prepare for winter: Prep the plumbing system for winter: [list icon=”help” color=”green”] Remove or bypass any filters Drain the fresh water tank Drain and flush the gray and black water tanks Drain the water heater (be sure to open… Read More »Prepare RV for Winter to Prevent Claims in Spring

Law Enforcement Liability Solutions for Cities and Counties

Law Enforcement Liability Solutions for Cities and CountiesWith their police personnel protecting the public, local cities and counties need to effectively manage risks associated with law enforcement activity. As part of an extensive program, our Public Sector Services has both law enforcement liability insurance coverage and the right risk control capabilities to assist.

Coverage
Our law enforcement liability product provides coverage for bodily injury, personal injury or property damage that is caused by a wrongful act committed while conducting law enforcement activities or operations. Key features include:Read More »Law Enforcement Liability Solutions for Cities and Counties