Organizations nowadays face new challenges, with cyber insurers increasing rates in the face of a rise in expensive hacks. Insurers substantially raised premiums for cyber coverage during 2021 owing to a row of high-profile cyber attacks. As per recent reports, a cyberattack takes place every 11 seconds today, and by 2031 this ratio may worsen, […]
Most businesses would have insurance policies safeguarding their assets to protect them from liability if anything happens to their staff and customers. However, these policies generally concentrate on the physical aspect and often fail to encompass the problem caused due to cyberattack. Cyber insurance is an insurance that specifically safeguards an organization from liability caused […]
Insurance companies’ reluctance to pick the tab for the February snow storms in Texas draw close parallels with their approach to the Californian wildfires. The insurers’ stance is that the power suppliers should have been better prepared. The allegation could not be easily scoffed at given that the damages incurred in many places such as […]
A good Disaster Recovery (DR) plan is something every business needs, but hopes it would never have to be used. It is like an insurance policy against unforeseen disasters, which lead to loss of production. Since a good DR plan will cost time and money to implement, a balance has to be struck, between the […]
To an uninsured person, healthcare can be extremely expensive. Not only is it expensive, under the current ACA Law you could also be fined. By taking insurance, you may not be compensated to the full extent of your expenses, but you will get back a major portion, thus reducing costs to a manageable level. However, […]