Preparing for a workers’ compensation audit is something that is often dreaded. Going through all the steps can be quite tedious, and any oversights in the process can lead to unpleasant surprises in the form of costly charges. However, if you make a conscious effort to thoroughly understand the audit process and prepare for it in advance, the following common mistakes can be avoided.
Any step taken to protect your business against liabilities resulting from breached or failed technology is a step in the right direction. However, a business must be sure not to confuse policies and assume coverage exists where it does not.
Two policies that are commonly mistaken for the other are technology errors and omissions insurance (tech E&O) and cyber and privacy insurance. Although both policies contain a number of the same insuring agreements, there are key differences. [Read more…]
Confronting the possibility of a cyber threat affecting your business is a daunting, yet absolutely necessary task. It can happen to any business, large or small, at any time. Businesses that will thrive in the aftermath of an attack will have understood their risk prior, and made appropriate steps to protect themselves. Risk managers and insurance agents must work together to address exposures faced by the entity they have been enlisted to protect. [Read more…]
The Internet of Things is a concept that encompasses a multitude of complexities, and has become an increasingly hot topic in the workplace. If up to this point, the term has drawn a blank for you, don’t worry; you will just need to start with the basics. Here are 3 key points to help you in gaining a fundamental understanding, so that you may start the learning process and begin take part in the conversation. [Read more…]
Social engineering is a method that cyber criminals use to trick individuals into revealing confidential information to gain access to systems. Once obtained, that information can be used to carry out actions that could lead to the demise of your organization; a whopping 60% of small companies go out of business within six months of a cyber-attack. Fortunately, knowledge is power. Here are the most common social engineering attacks to look out for. [Read more…]
When asked, many small businesses will express concern about cyber security. However, a clear disconnect exist when less than half (49%) allocate any budget toward mitigating their risk. Before an attack can be prevented, a business needs to acknowledge where it stands. Is your business on the right side of these key cyber security statistics? [Read more…]
Imagine this scenario. [Read more…]
You’ve begun making the first steps in ensuring that your place of living is properly covered, but you’ve run into a bit of confusion in the process. Is your housing community a condominium or a townhouse? [Read more…]
Thank goodness for inflatable rental companies! Renting an inflatable for a special event is an easy, surefire way to ramp up the fun-factor and draw in crowds. At H&K Insurance’s recent Open House (pictured), an inflatable “bounce house” was the perfect attraction to bring in families, and played a key role in ensuring a successful and memorable day. [Read more…]
Do you need flood insurance? Well, walk to the nearest mirror and ask the person you see if he or she owns much property that could be damaged or destroyed by water. If the answer is yes, then you should seriously consider buying flood insurance. Most persons who need the protection buy coverage offered by the National Flood Insurance Program (NFIP). If your community doesn’t participate in the program, you’ll have to look into coverage from private insurance companies. [Read more…]