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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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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Cybersecurity Starts In The Workplace; Here’s How to Reduce The Risk
October 24, 2018 / by KMRD Partners / From Jenean's Desk, Risk Control / 0 comments
According to research sponsored by International Data Corporation (IDC), businesses worldwide will spend more than $100 billion on cybersecurity software, services and hardware in 2020. Of this amount, IDC estimates one-third will be spent by businesses in the United States. To a certain degree, fear is driving this financial commitment. No management team wishes to […]
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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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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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Cyber Risks Ahead. Are you covered?
July 29, 2016 / by KMRD Partners / Risks Ahead Series / 0 comments
Did you know? According to the recently published 5th annual Allianz Risk Barometer, this is the first year risk experts cited cyber incidents as being among their top three risks. As reported by Independent Agent magazine, 69% of risk experts indicated loss of reputation as being the main cause of economic loss after a cyber […]
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Vulnerable to Cyber Attacks? Get Technology Insurance Coverage
July 15, 2016 / by KMRD Partners / Risks Ahead Series / 0 comments
In 2015, “company outsiders” perpetrated 40% of cyber attacks while “company insiders” perpetrated 60% of these attacks, according to a report published by IBM. IBM defined an insider as anyone possessing either physical or remote access to a company’s digital assets. Although this will typically be an employee, it can also include business partners or […]
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2016 Will Be the Year Ransomware Holds America Hostage
May 18, 2016 / by KMRD Partners / One Minute From Normal Series / 0 comments
The Institute for Critical Infrastructure Technology (“ICIT”) has recently published a report titled 2016 Will Be the Year Ransomware Holds America Hostage. According to the report, companies need to prepare themselves for the threat posed by this rising form of hacking, which restricts access to an infected computer system, and demands the user pay a […]
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