article thumbnail

Viewpoint: The Vital Role of Claim Professionals After Cyberattacks

Insurance Journal

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 147
article thumbnail

The Importance of Commercial Property Insurance for UK Small Businesses

Protect Commercial Insurance

Factors Influencing Premiums Understanding what affects your insurance premiums can help you make informed decisions. Several factors contribute to the cost of your commercial property insurance premiums: – Location of the Business : A business located in an area prone to crime or natural disasters may face higher premiums.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

Does the local crime rate affect security? – Mandatory Coverage : While commercial property insurance is not legally required by UK law, certain businesses might be bound by contractual obligations if they lease or finance their business premises. Non-compliance can sometimes void insurance claims.

article thumbnail

RIMS TechRisk/RiskTech: Using Cyberrisk Analytics to Improve Your Cyber Insurance Program

Risk Management Monitor

Much of this data is in publicly available datasets that insurers already consult, so it is important that you have a handle on this information as well so you know how underwriters and other outsiders are viewing you: Firmographics: company demographics like revenue, employee count, industry, location, and company hierarchy Historical incidents: past (..)

Cyber 66
article thumbnail

Top Reasons Your Home Insurance Premium Might Increase [2024]

TGS

Every year your home grows older, it becomes more prone to issues such as plumbing leaks, electrical faults, or roof damage—all of which can lead to costly insurance claims. Well, your insurance premium is no different.