Posts by Insurance News Editor
IN: How Much Could A Data Breach Cost Your Company?
Dear Valued Customer, According to an IBM study, the average cost of a data breach is $3.86 million, so it’s no wonder Cyber insurance has become one of the most important types of insurance any business can purchase. But could a data breach happen to your company? If you’re in the business of holding personally…
Read MoreFive Steps to Creating a Cyber Security Incident Response Plan
Over 41,600 incidents and 2,013 confirmed data breaches were investigated by Verizon and its partners in the past year. The numbers paint a dark picture of the growing threat to businesses of all sizes – concern for cybercrime has increased 62 percent in the past year among business decision makers, according to a recent survey.…
Read MoreCyber Security
Cybersecurity involves preventing, detecting and responding to cyberattacks that can have wide-ranging effects on individuals, organizations, the community and at the national level. Cyberattacks are malicious attempts to access or damage a computer or network system. Cyberattacks can lead to loss of money, theft of personal, financial and medical information that can damage your reputation…
Read MoreIN: Cyber Security: Protection Against Online Dangers
Dear Valued Customer, In this issue of “—————-” we focus on preparing and protecting you from a Cyber Attack. Cyber security involves protecting your infrastructure by preventing, detecting, and responding to cyber incidents. Unlike physical threats that prompt immediate action – like stop, drop, and roll in the event of a fire – cyber threats…
Read MoreIN: Is Your Customer Information Properly Safeguarded Online?
Dear Valued Customer, This issue of the “—————–” is focused on Cyber Security. Hundreds of millions of million data records of U.S. residents have been exposed due to security breaches, and businesses rely on their use of technology and access to the Internet. This reliance increases the potential for data security and privacy breaches. Read…
Read MoreIdentity theft and cybercrime
The scope of identity theft Identity theft continues to pose challenges for consumers as criminals develop new mechanisms to commit fraud. According to the 2019 Identity Fraud Study from Javelin Strategy & Research, the number of consumers who were victims of identity fraud fell to 14.4 million in 2018, down from a record high of 16.7 million…
Read MoreOSHA Injury & Illness Recordkeeping & Reporting Requirements
Recordkeeping Requirements Many employers with more than 10 employees are required to keep a record of serious work-related injuries and illnesses. (Certain low-risk industries are exempted.) Minor injuries requiring first aid only do not need to be recorded. How does OSHA define a recordable injury or illness? How does OSHA define first aid? This information…
Read MorePartial Exemption for Employers with 10 or Fewer Employees
If your company had ten (10) or fewer employees at all times during the last calendar year, you do not need to keep Cal/OSHA injury and illness records unless OSHA or the BLS informs you in writing that you must keep records under the provisions of Section 14300.41 or Section 14300.42. However, all employers must…
Read MoreIN: Important: OSHA Reporting Deadline Coming Up
Dear Valued Customer, The OSHA 300 log is part of a federal requirement concerning safety in the workplace. It is a form that must be filled out by employers with over (more than) 10 employees and displayed in a visible area. The log records all applicable injuries or illnesses that occur in the workplace. The…
Read MoreIN: How To Lower Your Experience Modifier Rate
Dear Valued Customer, Lowering your Experience Modification Rate (X-Mod) is a long process, but a worthwhile one when you take into account the thousands of dollars you could save for your company, not to mention the improvements in workplace safety that will inevitably accompany those savings. The best way to lower your X-Mod is to…
Read More