Cyber Risks and Insurance for a New Age

“Dear _____ Guest, As you have likely heard by now, ______ experienced unauthorized access to payment card data from U.S. _______ stores. We take this crime seriously. It was a crime against _______, our team members and most importantly you—our valued guest. We understand that a situation like this creates stress and anxiety about the safety of your payment card data at _______. Our brand has been built on a…

Safety committees

A safe workplace is good for employees and the general public as well. Creating a safe workplace environment requires buy-in from the top level of management and participation all the way down to front-line workers, but achieving universal participation can be a challenge. As noted by WorkSafeMT, research shows that employees are more likely to support and use programs in which they have had input and the safety committee is…

Company cars and personal liability

I drive a company car. How am I covered by insurance? Many businesses offer company cars to salespeople, key employees and management. Not only are these cars used during normal business hours, but they are often taken home and accessible outside of work. Corporate fleets – including company cars – are oftentimes insured on what is known as a Business Auto Policy. The Business Auto Policy is a commercial insurance…

Hand the keys to a safe driver

Businesses are expected to put safe drivers behind the wheel. Most business owners are aware of this expectation and strive to meet it. This article provides tips and best practices for fleet safety, which always starts with the driver. Have a formalized hiring process Best practices for fleet safety start with doing the homework up front. Institute a formal, written hiring process in order to screen out unsafe drivers before…

Employee theft won’t happen to us

Many have heard stories or have had first-hand experiences with theft in the workplace. At times, the stories can be spectacular, such as the case of Rita Crundwell, the former Comptroller for the City of Dixon, IL, who stole $53 million from the City over the course of 20 years. However, many of these incidents never make the headlines, and many organizations believe that it will never happen to them.…

What to do if you’re in a car accident

Car accidents can happen in the blink of an eye – even to careful drivers. Knowing what to do in the event of a car accident can help make the best of a bad situation. (1) Take a deep breath (2) Move your car to a safe area, if possible  Activate hazard lights and/or flares  Turn your car off  Put your car in park and/or make sure…

Credit cards, EMV, and the 10/1/2015 “Liability Shift”

Increasingly, data breaches have been making headlines. An important shift in security – and liability – for credit card breaches is taking place this year in the US. Consumers and business owners who accept credit cards should familiarize themselves with these changes. The problems with magnetic stripes on credit cards To understand the security problems associated with traditional credit cards, one only needs to think of their own house key.…

Insuring older buildings (and newer ones)

Property Insurance and Building Codes Fire, lightning, windstorms, hail – it is easy to picture how these events can damage a building. Standard commercial property insurance policies will cover the damage from these sorts of losses. After the loss, the building reconstruction process can become complicated. Reconstruction can take longer than anticipated, and at times costs more than the original construction. Fortunately, the insurance industry has tools that can be…