Keeping your trade secrets a secret

Protecting your information and preventing leaks
If your company’s unique formula, recipe, or manufacturing process sets you apart from everyone else on the market, you have a trade secret. Unfortunately, secrets are hard to keep.
We’re not talking intellectual property protected by patents and c...

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Who doesn’t need cyber insurance these days?

Large and small businesses risk security breaches
We might as well call them artists because their creativity knows no bounds. Cyber criminals are constantly outsmarting software developers and IT professionals.
The average annual cost of a cybercrime in the U.S. is $8.9 million, according to a...

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Liability of 21st century medical technology

Two industries collide
Advances in both medical and digital technology have been taking place at lightning speed for the last 20 years or more. Generation X and the Millennials have no concept of life without the Internet, iPods, GPS navigation, DNA testing, laparoscopic and laser surgery, and...

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Derivative lawsuits from data breach highlight need for D&O insurance

The recent hacking of customer credit information at Target Corp. triggered more than 40 lawsuits, with more sure to follow. It’s almost guaranteed we’ll be seeing more such breaches in the months and years to come as the tactics of cybercriminals evolve at an alarming rate.
 Suits against Targ...

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Social media marketers need to be aware of media-related risks

Social media marketing and posting content online have proved to be effective and cheap advertising tools, particularly for small and mid-sized businesses.  But there are risks in all that posting that could prove quite costly in terms of money and integrity.
Not all web content is free for the ...

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http://www.insurancefortechs.com/social-media-marketers-educated-mediarelated-risks.html

Property Insurance - For Building, Contents, Inventory and/or Equipment

Please complete the following information in order to obtain a quote for building, contents, inventory and/or equipment coverage.


Named...

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Cyber Liability and Data Security Instant Quote Application

Please complete the information below to obtain a quote.


Name of applicant*FirstLastNature of Business*State*EmailPhoneWebsiteNumber of...

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As Companies Celebrate New Year Hackers Cash-in Cybercrime Spree

The New Year season may seem like the ideal time for a break from the office but the holidays are simply not the time for companies to let their guards down.
While many of us may be enjoying vacations, celebration, end-of-year-sale shopping, and time with family friends, hackers are letting...

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Employees Use New Techniques To Steal From Employers

 Employees are increasingly using new services and technology to defeat employer risk management controls.
The pre employment reference is one on the mainstays of employee dishonesty risk management.  However, employees seeking to fabricate references can now tap into reference scam websites t...

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Specialized Crime Coverage Essential To Protect Against Online Fraud Threat

Here are some startling facts about online financial transaction cyber theft from small businesses:

51% of small and medium sized businesses transferred funds online in 2012 which is a 6% increase over the prior year.
 Over $1B was stolen from small and medium business online transactions in ...

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Why Would Cyber Criminals Intentionally Target Small Businesses?

Cyber attacks on small businesses with less than 250 employees have tripled since 2011, according to Symantec’s 2013 Internet Security Threat Report.
The reasons that small businesses are becoming more popular with cyber criminals are as follows:
As compared to larger businesses, smaller...

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Is A Cyber Security Breach More Damaging Than A Natural Disaster?

According to a survey performed by Experian Data Breach Resolution and the Ponemon Institute, only 31 percent of companies are insured against data breaches.  Meanwhile, 76 percent of respondents rated the impact of a security to be greater than or equal to a natural disaster, business...

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Tech Professional Liability Covers Countersuit From Fee Collection

Ed Rozak is the president of N2Net, a Cleveland area internet service provider. The company was started in 1995 offering dial-up only. Now, it operates its own data center with a focus on voice services and phone systems. 

Rozark was working in his office one day when one of his...

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Are Third-Party Apps a Threat To Your Business?

More and more businesses have been allowing employees to use their personal mobile devices as a primary means of communication in the workplace.  The increased usage of employee-owned smartphones, though convenient, can also pose a serious risk to security; questions may also arise concerning...

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http://www.insurancefortechs.com/thirdparty-apps-threat-business.html

Architecture and Engineering: Managing New Risks in a Rapidly Changing Industry

Paul Dietrich and Brad Gow
The architecture and engineering professions are undergoing a period of unparalleled change brought about by rapid advances in computing and communications. Technology has transformed everything from project design to client communications in the daily practice of the...

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Online Small Business Insurance Quotes

Small businesses perform most of the professional services within the U.S. economy. As a result, they have the greatest need for Professional Liability (Errors and Omissions Liability) insurance. The major problem with small businesses obtaining Professional Liability (Errors and Omissions...

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High E&O Limits Difficult For Small Tech Accounts

We were recently approached by a small tech prospect who requested a $10,000,000 Errors & Omissions Liability limit (AKA Professional Liability) to comply with contractual requirements of a project owner. Our primary E&O market for tech accounts is approved to handle limits only up to...

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Managing New Technology Risk Notes

Frangos, Alex, “With 3-D Drawing Software, Freedom Tower Architects Put Mind’s Eye on a PC Screen,” The Wall Street Journal (Jul. 7, 2004). See http://webreprints.djreprints.com/1055491238420.html.
“Hammurabi’s Code of Laws,” Laws 229-233, translator L.W. King. See...

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Proactive Safeguarding of data Key to Protecting Bottom Line

Businesses can no longer afford to treat data security as just another problem for the IT department: it’s now a mission-critical issue for the executive suite. Companies that fail to adequately protect personal information not only run the risk of lawsuits and legal penalties, but also...

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Most Common Sources Of Tech Lawsuits

IT professionals such as computer consultants, web designers, programmers, system integrators, etc. face lawsuit risks from their clients and users of their client’s services. The most common sources and corresponding insurance policies are outlined below:
1. Bodily Injury And Property...

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