Distinguished

FEBRUARY 24, 2025

Cyber attacks: Digital systems like payment terminals and booking systems are convenient, but they also open restaurants up to the possibility of expensive data breaches. Slip-and-fall incidents: High foot traffic in dining areas and restrooms increases the risk of customer or employee injuries, which can lead to costly liability claims.

Liability

Cowbell

JUNE 19, 2025

Common tactics include: Invoice Fraud : Sending fake invoices with altered bank details, claiming a vendor changed their payment account. Real-World Impact Financial Losses : The FBI’s 2023 Internet Crime Report noted $2.9 appeared first on Cowbell Cyber. Fraudulent Payment Requests : Posing as a trusted party (e.g.,

Financial Loss

Distinguished

MAY 13, 2025

Here is a list of the coverages that many hotels need: General liability : A basic GL policy helps cover claims associated with everyday business activities such as guests falling on premises, damage to guest property, restaurant operations, and accidents related to recreational activities. Crimes like this dont just impact individuals.

Broker

Distinguished

JUNE 16, 2025

HOA insurance typically includes coverage for property damages, crime, and liability suits to common areas like: Rec rooms Pools Clubhouses Walkways Stairways Tennis courts Here’s a breakdown of the core coverages an HOA needs.  Beyond that, the amount of crime insurance required will be proportional to the size of the HOA’s assets.

Liability

Insurance Journal

AUGUST 27, 2024

Pavel Durov, the chief executive officer of Telegram, has been detained in France over claims that the messaging service failed to properly fight crime on the app, including the spread of child sexual abuse material. The 39-year-old Russian-born billionaire was …

Crime

Insurance Journal

MAY 22, 2025

A crime victim will need a deep bench when responding to a cyber incident. While the role of brokers, privacy counsel and forensic investigators is well understood, the contribution of insurance claim professionals cannot be overlooked. A victim may have …

Claim

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

Cyber

ProWriters

JUNE 4, 2025

Modern Cyber policies need to do more than cover lossesthey need to actively prevent them. Thats the model Cyber Insurance brokers are starting to expect from their carriers. billion in reported losses , according to the FBIs Internet Crime Report. By 2024, they lowered their own claim frequency by another 7%.

Insurance Broker

Risk Management Monitor

JANUARY 27, 2022

As ransomware continues to spread and payment costs increase, cyber insurance rates have gone up exponentially. As a result, it is more important than ever for companies to understand their cyber vulnerabilities and exposures so they can ensure they are properly covered. One way to do this is through analytics.

Cyber

Frankenmuth Insurance

OCTOBER 3, 2024

At a basic level, never assume someone is who they claim, regardless of how they engage with you.” Consider cyber insurance. Cyberattacks are the fastest-growing crime in the United States, which is why businesses today benefit from cyber insurance. Talk to a local, independent agent about online and cyber safety today.

Cyber

Risk Management Monitor

JUNE 14, 2021

According to a survey by RiskRecon , a Mastercard company, and the Cyentia Institute , third-party risk practitioners said that 31% of their vendors could cause a critical impact to their organization if breached, while 25% claimed that half of their entire network could trigger severe impacts.

Risk

Risk Management Monitor

MAY 17, 2021

As federal and state officials scramble to send unemployment and stimulus funds to help people hit hard by COVID-19 business shutdowns, it has become a perfect storm for cyber fraud. The payments are an easy target for cybercriminals as hackers and cyber gangs around the world have started to file unemployment claims use stolen identities.

Claim

Risk Management Monitor

OCTOBER 25, 2022

The insurance industry has already seen several supply chain and inflation-driven Security Class Action claims. Various companies have made claims as a result of challenged financials in the wake of strong inflationary and supply chain/labor impact. Both impact the bottom line.

Risk