May 2, 2018 / by KMRD Partners / From Bob Dietzel's Desk, Insurance Coverage / 0 comments
Since big companies such as Target, with nearly 2,000 stores in the U.S., and Equifax, with more than $3 billion annual revenue, are targeted by cybercriminals, one might think small businesses would not need cyber liability insurance. This could not be farther from the truth. Unfortunately, small businesses also are targeted with depressing frequency. According […]
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Here’s How Commercial Umbrella Insurance Works
April 25, 2019 / by KMRD Partners / From Bob Dietzel's Desk, Insurance Coverage / 0 comments
Unsure what is exactly covered by a commercial umbrella insurance policy? This KMRD blog post explains how it works. A company’s business liability policy outlines the maximum amount the insurance company will pay against a liability claim. So if the small business is sued $1.5 million for medical costs associated with an injury caused by […]
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Top Reasons Why KMRD Should Be Your Outsourced Risk Partner
April 16, 2019 / by KMRD Partners / From Bob Dietzel's Desk, Insurance Coverage / 0 comments
Thinking about outsourcing risk management at your business? Well, you’re not alone. Outsourcing the risk management function can reduce costs and improve the quality of your risk management program. A key CFO role is to manage risk – and so it should come as no surprise most CFO’s want an insurance professional who is consultative, […]
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Cyber Risk Transfer: Can you transfer your cyber / privacy risk contractually?
March 8, 2019 / by KMRD Partners / From Brian's Desk, Insurance Coverage / 0 comments
With the advent of more frequent privacy breaches, sophisticated companies are trying to push risk contractually to their vendors and even their clients. Reading a cloud hosting contract or other cloud software platform agreement, this cyber risk transfer trend is evident. Questions about cyber risk transfer which need answers – 1 – Can organizations obtain additional […]
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Cyber Liability Insurance: Four Ways to Safeguard Your Small Business
May 2, 2018 / by KMRD Partners / From Bob Dietzel's Desk, Insurance Coverage / 0 comments
Since big companies such as Target, with nearly 2,000 stores in the U.S., and Equifax, with more than $3 billion annual revenue, are targeted by cybercriminals, one might think small businesses would not need cyber liability insurance. This could not be farther from the truth. Unfortunately, small businesses also are targeted with depressing frequency. According […]
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Eliminate Workplace Hazards: Five Steps Every Business Should Take
April 15, 2018 / by KMRD Partners / From Bob Dietzel's Desk, Insurance Coverage / 0 comments
Most risk and insurance professionals know how to recognize and eliminate workplace hazards. As in most things, an ounce of prevention is worth a pound of cure. Five Steps to Eliminate Workplace Hazards Step 1 – Know a real hazard when you see one Before you can identify and eliminate workplace hazards it’s important to recognize the difference […]
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10 Situations When You Need Pollution Liability Insurance
June 14, 2017 / by KMRD Partners / From Brian's Desk, Insurance Coverage / 0 comments
Oil and chemical companies understand the need for pollution liability insurance coverage. But they aren’t the only ones with potential exposure to pollution-related incidents. In fact, many other types of companies have uninsured pollution exposures. And it’s possible there are literally thousands of companies exposed and unaware of the financial risk they currently face. We can’t know for sure […]
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WannaCry Ransomware: Everything You Need to Know
May 16, 2017 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
Risks in a business from data breaches and other malicious cyber acts just keep on growing. Due to potential limitations of standard liability coverage when dealing with the evolving cyber environment, forward thinking organizations are transferring their risk to cyber insurance products. While WannaCry ransomware cyber-attacks have slowed since being initiated on Friday, vigilance remains the […]
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5 Top Risks In A Business; Cyber Is A Big One
March 7, 2017 / by KMRD Partners / General, Insurance Coverage, Risk Control / 0 comments
While risks in a business can range in size and potential impact, many can lead to serious financial consequences. There are many risks in a business. Below are five that can do the most damage: Flooding Pennsylvanians can be grateful for many things, including a great abundance of scenic rivers and streams. In fact, Pennsylvania […]
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What To Look For When Purchasing Insurance For Your Business
November 7, 2016 / by KMRD Partners / Insurance Coverage
Organizations rely upon business insurance to protect them from the risks and potential threats to their successful and continued operation. Below, we have listed and explain eight common types of insurance for your business. A licensed, reputable broker like KMRD Partners can help you choose the right insurances for your business by determining which coverages meet […]
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Flood Insurance – Could your business be washed away by a flood or sewer back-up?
December 10, 2015 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
Pennsylvania is considered to be one of the most flood-prone states in the nation, with approximately 83,000 miles of river and streams and nearly 2,400 local governments enrolled in the National Flood Insurance Program (NFIP). Although flood and sewer back-up is excluded under most standard commercial property policies, sewer back up can be added as […]
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