Cyber and privacy

The Rise in Mobile Apps & Need for Tech E&O Insurance

Technology firms are beginning to silently carry the small business sector as 62 percent of small businesses already have, or are in the process of building, a mobile application to support their business. Of those businesses, 30 percent have revenue generating mobile applications or apps.1  With approximately two-thirds of the country’s small businesses depending on…

Cyber and Privacy: 10 Tips to Better Prepare Your Clients

145.5 million U.S. consumers were affected – nearly half of the population – after a data breach at Equifax in September.1 With the sudden, dramatic rise of data breaches across the globe, cybersecurity is at the forefront of insurance industry discussions. Nearly all companies today operate with an online component and even the greatest levels of…

Defensive Measures

As cyber espionage and data breach threats escalate, new coverage strategies emerge to protect professionals from cyber vulnerabilities When Yahoo announced a data breach in which at least 500 million accounts were compromised, it was big news, but hardly an isolated incident. That same week, hackers went public first with a picture allegedly of First…

The New Normal in an Online World: Cyber Liability

In the world of cyber insurance, last year’s policy was designed for last year’s threats. But with new, more sophisticated threats emerging all the time, it is imperative to review and reevaluate your clients’ policies on a regular basis. Are your clients among those living dangerously? To minimize potential financial damages address these gaps in coverage with…

4 Trends in Cyber Insurance

Three cyber-attacks occur every minute, equating to approximately 1.5 million attacks annually and growing.1 With this, the need for Cyber and Privacy insurance coverage has been steadily increasing. “Every company that holds or processes some sort of personal information has a cyber exposure,” said Ken Labelle, Professional and Executive Liability Broker, Burns & Wilcox Brokerage….

Pokémon GO leaves some yelling Pokémon No!

3 insurance risks and insights associated with the fastest growing app in history Pokémon GO is the fastest downloaded mobile app of all time, and everyone is talking about it. Hitting number one on the app downloads chart in five hours, Pokémon GO now has more than 23 million people playing daily.1 Although more individuals…

The Doctor Will See You Now

What you need to know about telehealth medicine, tech innovations and the new exposures they create. As the healthcare landscape shifts from fee-for-service to fee-for-value, companies and physicians providing telehealth services are becoming essential in improving access to care. Businesses like American Well, Doctor on Demand and Teladoc are part of a growing marketplace that…

Privacy and Network Security Coverage

Insurance Market Source regularly taps into its network of experts for insight into key trends and developments across the insurance landscape. Ken LaBelle, Broker, Burns & Wilcox within the Professional Liability Center of Excellence, breaks down the ins and outs of privacy and network security insurance. Q: Who needs privacy and network security coverage? A:…