Monthly ArchiveDecember 2019

usrisk

Cyber Insurance Needs on the Rise in the New Decade

Completing a cyber insurance questionnaire ensures you have a policy that meets the needs of your business. Before you fill it out though you should know why you need cyber insurance in the first place. Even small businesses benefit from protecting their data both on their network and on the internet.

Data Breaches

Norton estimates that over 4 billion records were breached in 2019. This number is half again as much as 2018 making cybersecurity a must for any business operating on a network. The largest breaches include Capital One, DoorDash, Evite, Georgia Tech, Zoll Medical, FEMA and BioStar 2. This doesn’t include the countless small businesses breached throughout the year that didn’t make headlines.

Network Mistakes

Large corporations have made the mistakes this year as in previous years of simply not securing their networks properly. These unsecured databases account for the majority of data breaches. Small businesses are just as prone to making these mistakes.

Cyber Insurance

As seen on www.usrisk.com/, the questionnaire looks at the business’ risk management strategy, data management, network security and history of cyberattacks. These help the insurance company determine how much risk your business poses and can help them provide the coverage you need should a breach happen.

Complete the cyber insurance questionnaire to see how well you are handling securing your data against a breach. Use this information to obtain the necessary insurance and create a more robust cybersecurity process.

Library Insurance

Changing Communities Is the Library of the Future

Every year the Library Futures Conference is put on by the OCLC’s Americas Regional Council. These conferences focus on helping libraries thrive in a time of great change beyond protecting themselves with library insurance. The latest trend is to focus on how libraries can change communities.

Modern Libraries

As seen on https://www.reganagency.com/, books are not all that modern library is. With the new focus of acting as community centers and media centers, insurance must accommodate the changing exposures affecting these cultural institutions.

Library Staff

Library staff is as concerned with a work/life balance as younger generations move into the career. Libraries face similar concerns with other businesses around recruiting talented people who revitalize the organizations they are in. Many libraries have responded by providing opportunities for movement within the organization before posting a job listing outside the library.

Collaborative Partnerships

Many academic libraries are seeking collaborative partnerships inside of their institutions to better serve their communities. Engaging with professors and departments helps students understand the valuable resources available on the campus. With a growing online student population, libraries are meeting the demand for online material like never before.

As the industry changes, library insurance is there to cover new exposures and ones of old. Libraries continue to be a place for the community offering people a chance to grow, learn and discover.

boat fuel vent

Top Reasons to Properly Vent a Boat

The boat fuel vent is an essential component of any vessel operating with a fuel source. Properly installing these vents helps lower a repairer or manufacturer’s liability for the vessel. Here are the top reasons to properly vent the boat’s fuel system.

Water Entry

Since boats travel on water, the fuel vent can allow water in if not properly installed. There are a few ways to limit water from entering the fuel such as a high mount, angling the vent or installing a shield. As seen on www.merrimacins.com, following the proper installation steps is important to limit liability.

Fuel Puddling

Sags in the vent line can cause puddling of fuel. The fuel tank vent system cannot operate effectively if there is fuel puddled in the line. Keeping the line straight uses gravity to move fuel back toward the tank.

Wire Screens

A clogged screen prevents the tank from properly venting. The screen keeps out unwanted items such as debris and insects, but they can also build up with grime, corrosion and salt crystals. Cleaning the screen or replacing it during the installation of the fuel vent system allows for proper ventilation.

The boat fuel vent is a key component of the boat’s engine. When it fails to work properly, the engine can be starved of fuel or prevent you from properly filling up the gas tank.

insurance brokers

Attract the Best Talent With Great Health Insurance

When you take good care of your employees, they take care of your business in turn, so excellent health insurance is a must. Health insurance isn’t just the best possible way to keep your existing staff happy either. A solid benefits package is among the best ways to set yourself apart from the competition and attract the very best new talent.

What’s Right for Your Company?

As discussed on www.isurepro.com, choosing the right healthcare benefits for your company is more complicated than you may think, especially when you consider the way the healthcare industry, in general, has been changing in recent years. You’ve certainly got your options to choose from, each with its own unique benefits. They include but are not limited to:

  • Traditional healthcare plans 
  • Health maintenance organizations (HMOs)
  • Preferred provider organizations (PPOs)

Making Sense of Your Options

Choosing the right group medical insurance brokers to put your company’s healthcare plan together is an essential part of doing things right. Not only can expert brokers help you determine which of your choices makes the most sense for your company, but they can make sure you get the best possible quality plan for your budget at the lowest price points. Ask about your options today, and get on the road to making your company a better place to work.

kdisonline

Condo Association Risks: Why Directors and Officers Should Be Protected

Directors and Officers in condominiums are often volunteers that want to help ensure that the community runs in the best way possible. Of course, when you are a director or officer, you also open yourself up to a number of different risks. Here is what you need to consider when you are one of the board members of an association.

Risks to Directors and Officers

Unfortunately, directors and officers of community associations are at risk for a variety of different lawsuits, according to the experts at www.kdisonline.com. If for any reason, your residents or employees have a complaint about their treatment, you may have a reason to worry. Here are just a few different claims that you may catch yourself facing:

  • Negligence
  • Discrimination
  • Misuse of funds
  • Breach of fiduciary duty
  • Harassment
  • Breach of contract
  • Wrongful foreclosure

In order to handle these claims, you need to have the appropriate insurance coverage.

If you are a director or officer of a condo association, you have to keep yourself protected and prepared for any sort of lawsuit that may arise. After all, if there are any wrongdoings or if an employee or resident claims that there was wrongdoing, you could be on the hook for it. Condo directors and officer’s insurance allow for directors and officers to defend themselves.