July 20, 2012 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
“Learned professions” including legal, medical, engineering, accounting and financial services firms were formerly alone in being regarded as professional services firms. According to a number of courts, though, this term has been broadened to describe a wider and more diverse group including firms providing physical or manual services. These firms can include plumbers, roofers, exterminators, […]
Read more
Are your employees stealing from you? Commercial Crime Insurance
January 23, 2013 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
According to the 2012 Marquet Report major embezzlements are increasing both in number and in size. Year to year, the number of embezzlements increased 11% while the average loss jumped from $750,000 – $1,400,000. Even a relatively minor theft could force a business to cease operations. Following are a few protective measures your firm can […]
Read more
Does Your Company Need E&O Liability Coverage?
July 20, 2012 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
“Learned professions” including legal, medical, engineering, accounting and financial services firms were formerly alone in being regarded as professional services firms. According to a number of courts, though, this term has been broadened to describe a wider and more diverse group including firms providing physical or manual services. These firms can include plumbers, roofers, exterminators, […]
Read more
Don’t make these E&O errors
May 23, 2012 / by KMRD Partners / One Minute From Normal Series, Risk Control / 0 comments
At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? Insufficient or incorrect E&O coverage could financially ruin your firm one minute from normal. Following are a few “don’ts” regarding your E&O coverage following an incident: Don’t alter or make changes to […]
Read more
It’s 12:00. Do you know where your mobile device is?
February 9, 2012 / by KMRD Partners / One Minute From Normal Series, Risk Control / 0 comments
According to Morgan Stanley, mobile device sales will exceed personal computer sales this year. Unfortunately, company policies regarding mobile device security have lagged dangerously behind. Industry experts and cyber security thought leaders all agree; the next wave of hacking and data theft will not target laptops. It will target mobile communication devices. Following is a […]
Read more
Cyber security is an enterprise level assignment
December 15, 2011 / by KMRD Partners / One Minute From Normal Series, Risk Control / 0 comments
Once upon a time, security management for sensitive data either personal or professional, would be limited to the IT department. Today, cyber risks are wide ranging and include lost or stolen data, violation of privacy laws, intellectual property infringement and social media-related risks such as cyber-bullying and textual harassment. As a result, the combined efforts […]
Read more
Are you a 60 percenter?
December 7, 2011 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
A survey administered by Advisen Ltd. reports that 60% of organizations do not purchase cyber liability insurance as part of their data, information and privacy risk management strategy. And yet, 86% of respondents consider cyber and information security risks to pose at least a moderate danger to their organizations. While recognizing the dangers of information […]
Read more
Digital Data Risks – KMRD
September 28, 2011 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
A recent survey by Pricewaterhouse Coopers LLP found that although hospitals, doctors, pharmacies and insurers are eager to adapt to increasingly digital patient data, less than half are addressing implications for privacy and security. Less than half have also addressed issues related to mobile devices, while less than a quarter have addressed issues related to […]
Read more
Software Solutions Contract resulted in a $50 Million Lawsuit
December 15, 2010 / by KMRD Partners / One Minute From Normal Series, Risk Control / 0 comments
It was a happy day when an Enterprise Resource Planning software solutions provider won a hard fought multi-million dollar software/hardware conversion contract. The provider promised the client that its software solution would integrate all operating systems, resulting in a more efficient and cost-effective model. Although all but one module was installed successfully, that last module […]
Read more