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Blog

Posted: September 28, 2015

Report Accountants Must Do More to be at Forefront of Cyber SecurityA new report released by the ACCA USA, the U.S. arm of the Association of Chartered Certified Accountants, and Pace University says that accountants must do more to be at the forefront of cyber security in order to safeguard the sensitive personal and corporate financial information they handle. The report’s findings are based on surveys of ACCA professionals, including CFOs, managing directors, senior vice presidents and practicing accountants.

The report …



Tags: Accountant Accountants cyber security Report
Posted in: blog, Cyber Security

Posted: September 23, 2015

Healthcare Cyber Liability How to Effectively Respond to a Data BreachThe Ponemon Institute estimates that the cost of a data breach grew 23% in the last year to $3.79 million. Moreover, although data breaches are not limited to any one industry, the healthcare sector is particularly hard hit, particularly from criminal attacks. Nearly half or 45% of data breaches experienced by healthcare organizations are a result of criminal activity. Mitigating these risks is critical but so is having an effective …



Tags: Cyber Liability cyber risk cyber security Health Care Healthcare Insurance liability
Posted in: blog, Cyber Liability

Posted: September 21, 2015

Survey Cyber Attacks Continue to Compromise Data at Healthcare Organizations, FacilitiesIn a recent survey, 81% of healthcare executives said that their organizations have been compromised by at least one malware, botnet, or other cyber attack during the past two years. This is not surprising considering the headline news we read on a regular basis – from the network breach at for-profit hospital network Community Health Systems in August 2014 in which more than 4.5 million patient records were stolen, to …



Tags: Cyber Attacks Cyber Liability Healthcare Facilities Healthcare Industry Healthcare Organizations Vulnerable
Posted in: blog, Cyber Liability

Posted: September 18, 2015

Axisinfo2

Today’s businesses must understand that nobody is immune to liability risks.

Our infographic above demonstrates some of the key coverages your clients need for a robust insurance program.

Errors & Omissions: Also referred to as Professional Liability, this coverage protects businesses which offer products or services for a fee against legal claims of negligence, bad advise, monetary loss, and more.

Privacy and Cyber Risk: Technology advancements have created increased risks …



Tags: Business Insurance Insurance insurance programs Key Coverages liability
Posted in: blog, Infographic

Posted: September 16, 2015

 

EPLI How to Go About Terminating Employees – Part IIIn our previous blog, we discussed some of the issues and concerns employers need to be aware of prior to taking the steps to terminate an employee. This is vital in helping to stem possible employment practices-related lawsuits. Also important to staying out of court when it comes to ending an employee’s employment is how one goes about the termination and what is said.

There is no …




Posted: September 14, 2015

EPLI Terminating Employees in the Age of Lawsuits – Part IBreaking up is hard to do, and this includes terminating an employee. But sometimes you’ve got to do it, as it’s absolutely necessary to the productivity and growth of a business. What’s important when firing an employee is that it’s done in the most ethical and professional way possible, and that certain protocols are followed. This not only lessens the blow to the terminated employee, but it also preferably leaves …



Tags: Employment Practices EPLI Firing Insurance liability Termination

Posted: September 9, 2015

Can Cyber Security Experts in the Boardroom Help Stem AttacksThe elevation of cyber security experts to the boardroom, a position traditionally occupied by former CEOs and specialists in marketing and finance, is becoming a fast-expanding trend around the country. Typically, these companies are at high risk for cyber attacks and in industries like financial services and healthcare or conduct significant business online. Why? It’s simple: Cyber attacks on large companies skyrocketed 44% last year from 2013. Moreover, cyber crime …



Tags: Boardroom Diversity Cyber Attacks cyber security Insurance liability risk
Posted in: blog, Cyber Liability

Posted: August 26, 2015

Have You Checked Your BYOD Policies LatelyAccording to Smarsh’s 2015 Electronic Communications Compliance Survey Report, the percentage of respondents that allow personal devices for business communication is up 17% from last year’s survey, and 73% of respondents have a bring-your-own-device (BYOD) policy, up from 58% last year. That’s a good thing. But, as increasingly more businesses allow personal devices for business communications, more and more workers are relying on text messages to connect with colleagues and …



Tags: Bring Your Own Device BYOD errors and omissions professional liability

Posted: August 24, 2015

Prompt HR Investigation Into Harassment Cases Key Employer LiabilityIn a previous article, “The Risk of Third-Party Sexual Harassment of Employees”, we discussed the potential exposure employers face regarding employee allegations of harassment by non-employees. We spoke of the need for organizations to investigate such incidents immediately in addition to taking prompt corrective action to help stem lawsuits. Regardless of the source of the sexual harassment – whether by a supervisor, co-worker or third-party (customer, vendor, etc.), …



Tags: Employer Liability Employment Liability Employment Practices HR Human Resources Insurance Investigation liability
Posted in: blog

Posted: August 20, 2015

D&O Boardroom Diversity Critical to Effective Corporate GovernanceHaving a diverse boardroom includes ethnic and gender diversity, as well as diversity in skills, competencies, philosophies and life experiences as well. A diverse board reflects the real world, your clients and customers, and provides a company with several key benefits.

A study by Utah State University’s Alison Cook and Christy Glass, for example, examined the impact of leaders’ diversity on firms’ policies, organizational structure, and strategy. The study found …



Tags: Boardroom Diversity Corporate Governance D&O Directors and officers Insurance liability
Posted in: blog, D&O Insurance

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