Category: Cyber RiskApril 22, 2019
Ransomware has become the most common form of cyber attack as it has morphed into a more effective, more targeted and significantly more destructive form of malware, and comprehensive Cyber Risk Insurance is an essential protection.
CPA firms continue to face challenges in protecting the confidentiality of client data. And while there are no established national cybersecurity standards, the IRS has made it crystal clear that it’s holding CPA firms responsible for safeguarding client information, and those that aren’t taking proactive measures will be in violation of the law. Today, data security has become a necessity for every tax professional — from a partner in a large financial firm to a sole practitioner, and every authorized IRS e-file provider.
Shots Fired – Active Shooter / Assailant Coverage: A Critical Need in Emergency Response Plans, Part 3December 7, 2018
While no one can predict the future of these events, carriers who write Active Shooter coverage are proceeding on the belief that these events will continue. Coverage will improve as claims occur and forms respond to emerging risks and new damages. First-look services will dovetail with emerging risks.
Shots Fired – Active Shooter / Assailant Coverage: A Critical Need in Emergency Response Plans, Part 2
Category: CasualtyNovember 23, 2018
Active shooter policies generally function as enhancements to primary liability insurance in conjunction with the “other insurance” clause. If a third party sues your insured for liability, some general liability (GL) policies could respond. However, GL policies may also exclude acts of terrorism and have other coverage limitations.