Risks Ahead. Cyber Insurance – Is your company covered for a data breach?

According to technology research firm Gartner, the number of connected devices is expected to increase from 4.9 billion to 25 billion by 2020. Each of these devices potentially opens a door to cyber intruders. The market research firm International Data Corporation predicts that, if current trends continue, one of every four people around the globe […]

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Risks Ahead. Property Damage Due to Extreme Weather

According to the National Oceanic and Atmospheric Administration, 2015 was the second hottest year on record in the 48 states.  10 extreme weather and climate events together accounted for over $10 billion in property damages.  2015 was also the 19th straight year the annual average temperature exceeded the 20th century average.  2016 could be even […]

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Certificates of Insurance Act

KMRD Are You Ready for One Minute From Normal?

On April 10, the Certificates of Insurance Act will take effect in New Jersey. The provisions of this act will apply to all certificates of insurance issued in connection with property, operations or risks located in New Jersey, regardless of where the policyholder, insurer, insurance producer or person requesting or requiring the issuance of a […]

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New Flood Insurance Tool Available in Pennsylvania

With April showers on the way, it is worth noting although flood and sewer back-up is excluded under most standard commercial property policies, both coverages can be added by endorsement. Depending upon the flood zone identified on the property, coverage is available on a primary basis through a number of carriers. In instances where property […]

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Cyber Risk Management and Insurance

In today’s hyper connected world, businesses rely on latest technologies and “Big Data” to create new solution or just stay competitive.  Data Breaches are increasingly becoming one of the most prominent risks in business today. Breaches are occurring everyday not only to large institutions but small businesses a well.  According to the Ponemon Institute: We recommend […]

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KMRD Partners Risk & Insurance Solutions – 2015 Year in Review

KMRD Better Teamwork Leads to Better Risk Management

Dear Valued Clients, Partners and Prospects, We are eternally grateful to our clients and partners for their support with another successful and rewarding year at KMRD. Better teamwork leads to better results!  The following are some highlights: COMMUNICATION TECHNOLOGY TALENT We are proud of our community efforts!  This year was productive as ever providing meaningful support […]

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Flood Insurance – Could your business be washed away by a flood or sewer back-up?

Flood Risks

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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Contingent Business Interruption Insurance – Are you protected from third party disruptions?

If you answer yes to any of the following questions, your company needs Contingent Business Interruption Insurance. Do any of your company’s operations heavily rely on a single or select group of third party providers of goods or services? Would a long-term computer outage disrupt your company’s ability to maintain normal business operations? Would losing […]

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