HIPAA Can Create Liability for Vendors: Carefully Crafted Cyber Insurance Coverage is Imperative

Category: Cyber Risk

June 17, 2019

The Health Insurance and Portability and Accountability Act of 1996 (HIPAA), a national standard to protect medical records and protected health information (PHI), applies to “covered entities” – health plans, healthcare providers and healthcare clearinghouses.

What is Social Engineering Fraud?

Category: Cyber Risk

June 13, 2019

Social engineering fraud is a significant and growing threat for most businesses, along with ransomware, and some recent variations are proving to be sophisticated and costly. Comprehensive Cyber Risk Insurance (also called Data Breach, Privacy and Network Security insurance coverage) is an important protection, but strong IT security and employee awareness are equally important. 

Product Recall Insurance

What’s in a Product Recall Policy?

Category: Product Recalls

June 12, 2019

The number of product recalls has increased exponentially over the past 10 years. Unfortunately, when a recall occurs it is often prohibitively expensive, affecting a business both financially and reputationally. Whether your client’s exposure is manufactured goods or food-related products, having the right insurance coverage for every recall situation is critical.

Renewable Energy Operations: Selecting the Right Contractor for the Job

Category: Energy

June 4, 2019

In the renewable energy industry, many companies depend on contractors to support their operations. This is why contractor pre-qualification is an important initial step, not only in determining the most suitable contractors for a project but also in helping mitigate costly claims.

 

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