In 2012, it is expected that the cyber related crimes are going to boom. What are cyber attacks? In simple terms, this occurs when a companies electronic security is breached and data is transferred to another entity without approval and, many times, knowledge. Last year, the Sony PlayStation online network experienced the possible loss of 77 million credit card accounts during one breach. Aside from the effects on consumer confidence, the worst part for Sony was the fact that their insurance company, Zurich American Insurance informed them that they did not carry a policy to protect them from financial losses … Read Full Post
As the new year begins, business take a look at the year ahead with much optimism. Goals are set and opportunities are examined as positivity reigns supreme. Many companies begin the process of looking at their insurance policies and determine what they need to have, would like to have and not like to have. From auto, property, professional liability, workers compensation and more, there are so many options your head could spin. One policy that is often overlooked is Business Liability Insurance, which covers your business against the unknown. In the wake of the current scandals at Penn State University, … Read Full Post
