• 03
  • Feb2020

Cyber Insurance for Small Business Introduction

Cyber Insurance for Small Business Introduction
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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  • 31
  • Jan2020

Cyber Insurance Myths

Cyber Insurance Myths
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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  • 23
  • Jan2020

What is Employee Benefit Liability?

What is Employee Benefit Liability?
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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  • 22
  • Jan2020

What is Fiduciary Liability Insurance?

What is Fiduciary Liability Insurance?
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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  • 21
  • Jan2020

What is an ERISA Bond?

What is an ERISA Bond?
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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  • 16
  • Jan2020

OSHA Compliance – 300A Log

OSHA Compliance – 300A Log
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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  • 11
  • Jan2020

What is Hired & Non-Owned Auto?

What is Hired & Non-Owned Auto?
Hired and non-owned auto is a common endorsement to either the commercial auto policy or the general liability / BOP policy for a business.  It’s generally an inexpensive option to add to either policy and is a very needed coverage, yet many agents and brokers forget to add it to a client’s coverage program. Here’s what

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  • 09
  • Jan2020

Cyber Risk and Windows 7 End of Life

Cyber Risk and Windows 7 End of Life
Windows 7 & Cyber Risk Microsoft had announced a while ago that it was ending its support for Windows 7 operating systems and Server 2008/R2 systems.  What this means is that the platforms will continue to work, but Microsoft will not support the systems or offer patches or updates.  An unpatched machine, of course, is a

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  • 31
  • Dec2019

Has your insurance broker outgrown you?

Has your insurance broker outgrown you?
I’ve asked prospects who have become dissatisfied with their insurance broker relationships: “Is it possible that you’ve just outgrown your insurance broker?”  The context of that question really means – does your insurance broker lack the technical expertise, resources, and staffing to properly handle your business.  Often the answer is “yes” and the client is disappointed

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  • 30
  • Dec2019

95% of Data Breaches are Caused by Human Error

95% of Data Breaches are Caused by Human Error
If that statistic by IBM is true, what are you doing to prevent human error? If you’re a small or medium-sized business you’re probably not doing much. I get it. It’s difficult to train employees on risks you may not even understand yourself, or your IT department is too overwhelmed to take on the task of

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