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Most cyber insurance policies on the market today come with something we call cyber pre-breach services. Cyber pre-breach services are valuable risk control services that will help the purchaser of cyber insurance to reduce, control and mitigate cyber intrusions and events. Unfortunately, many cyber pre-breach services go undeployed! Why is this? Well, it may be like

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In this article, I will explain what is social engineering. Social engineering is a term used in cybersecurity to describe situations of trickery.  It is used by cybercriminals to gain either your confidential information or your money.  Typically hackers will gain access to an email account within a firm and monitor the user's email habits.  We

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Tags: #cybersecurity, social engineering

Business Insurance in New York isn't always easy. And today it's becoming more challenging. Rates are increasing for some classes of business. Underwriting rules are becoming more stringent, and more changes seem to be coming.   Having been through several market changes, I can tell that this is the beginning of a hard market. A "hard

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Tags: business insurance new york

If you're looking for a Real Estate focused insurance broker in New York, The Coyle Group is your choice. The Real Estate market segment includes owners and operators of: Apartment buildings Commercial mixed-use buildings Office Buildings Strip Malls Developers Condominium and co-op associations And other real estate operations Right now we are seeing disruption in this

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Tags: real estate insurance broker new york

We being our multi-part video series with this introductory video on cyber insurance for small business. My goal is to educate business owners on cyber risk and cyber insurance. What’s driving me is the statistic that less than 30% of business owners in the small and medium-sized market are actually purchasing cyber coverage today. Yet, in the

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Tags: cyber insurance, cyber risk, cyber security, small business

In this video, we discuss some of the common cyber insurance myths or misconceptions that small and medium sized business owners have about cyber. If I seem to be passionate about this subject, it's because such a small percentage of decision makers in the SME market are buying cyber.  I can't figure out why the adoption

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Tags: business insurance, cyber coverage, cyber insurance, cyber myths, cyber security

Employee Benefit Liability is the third post in a series related to ERISA benefit plans.  For business owners with an ERISA plan like a 401k there are certain risks and insurance coverages needed. So what is Employee Benefit Liability, often called EBL? EBL is a form of E&O or errors and omissions insurance.  Typically attached to

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Tags: employee benefit liability, ERISA, ERISAliability, Fiduciary

Fiduciary Liability Insurance is an important coverage part for any employer with an ERISA based retirement plan such as a 401k or pension plan. In an earlier post, we described what an ERISA Bond is; which is a form of Fidelity protection.  Business owners and some insurance brokers confuse fidelity and fiduciary.  Unfortunately, the two coverages

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Tags: ERISAliability, fiduciaryliability, managementliabilty

When an organization has an ERISA based benefit plan, such as a 401K it must have an ERISA Bond.  This coverage is needed to protect a portion of the retirement plan's assets. In this post, we describe what an ERISA Bond is and how it integrates with other important coverages relative to retirement plans. An ERISA

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Tags: ERISA Bond, ERISA liability, Fidelity insurance

It’s mid-January, which means that it’s time for all companies subject to OSHA Compliance and Recordkeeping rules should be working on their 2019 OSHA 300A Log.  Typically companies subject to OSHA Recordkeeping are those with 10 or more employees in manufacturing, contracting, warehousing, and other industrial classifications. February 1st is the deadline for posting of the

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Tags: OSHA, OSHA 300A, OSHA Compliance