Business claims on the rise due to discrimination

 A recent survey by the Chubb Group of Insurance Companies, show that lawsuits against businesses for discrimination have risen dramatically; and are still rising. The Equal Employment Opportunity Commission (EEOC) reported a record breaking number of discrimination charges in 2010. The Chubb Group’s report revealed that one third of employees they surveyed felt their company is less likely to protect them from various forms of discrimination. More than 30 percent also stated that they felt companies were less likely to protect consumers from id theft or data leaks. According to…

Read More

Companies that don’t carry cyber liability better think again…

As the world continues to become increasingly reliant on technology, a new breed of threat has emerged. The Internet is rife with scams and a vast array of dubious activities. It is also home to some of the most skilled and tenacious hackers. This fact has led many insurance companies around the U.S. to start offering insurance protection against what they are calling “cybercrime.” The majority of these policies are tailored for big companies, but they have not received the interest insurers thought they would. Cybercrime is a real issue,…

Read More

Do you need cyber insurance?

How safe do you think your company is against a hacker? A current survey showed that almost 52 percent of businesses didn’t even have security guidelines regarding their IT departments. Most businesses are ill prepared to combat the ever increasing threat of cyber crime; however, there are things that can be done to lessen your risks. When a computer security organization did a survey of businesses regarding security and crime they found that a whopping 43 percent had experienced some type of internet security breach in the last year. Hackers…

Read More