Cyber attack insurance and risk management

Cyber Attack

When cyber attacks like data breaches and hacks occur, they can result in devastating damage. Businesses have to deal with business disruptions, lost revenue and litigation. It is important to remember that no organization is immune to the impact of cyber crime. As a result, cyber liability insurance has become an essential component to any risk management program.

Cyber liability insurance policies are tailored to meet your company’s specific needs and can offer a number of important benefits, including the following:

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Carry an ‘umbrella’ to protect you from a potential downpour

Umbrella Policy

One of the most important types of insurance you company can buy is Excess Liability Insurance, commonly known as Umbrella Insurance. It protects your business from holes or limits in existing policy coverage as well as from financially draining lawsuits. Just as you carry an umbrella to protect you from a potential downpour, Excess Liability Insurance protects your company from the types of claims that could close your business.

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D&O Fills The Coverage Gap

D&O Insurance

Whether you’re a nonprofit, privately held or a public company, it is likely that your business can benefit from a D&O (Directors and Officers) Policy.  In today’s business climate of corporate transparency and accountability, an organization’s officers and directors face a myriad of employment related exposures.

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So, you want wisdom.

Wisdom

One attribute that people consistently desire is wisdom. One great Christian value that folks hope to have is wisdom. One appreciated characteristics we see in others is again, wisdom. One thing that many of us request of GOD for ourselves is wisdom.

So, you want wisdom. What is wisdom, exactly? The dictionary helps a little, but there is still a small quandary. Within the description the dictionary uses words like understanding, judiciousness, prudence, suitability, and discernment.

Want to know a short (3 words) definition? Wisdom: Correctly applied knowledge. Or even better: Correctly applied accurate knowledge.

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Insurance-based retirement plans

Insurance-based retirement plans

Insurance-based retirement plans (IBRP) may be able to protect your family’s future through a death benefit while you save for retirement with the same product.

As your personal situations change (i.e., marriage, birth of a child or job promotion), so do your life insurance needs. Care should be taken to ensure your strategies and products are suitable for your long-term life insurance needs. Weigh your objectives, time horizon and risk tolerance as well as any associated costs before investing.

Also, be aware that market volatility can lead to the possibility of the need for additional premium in your policy.

Life insurance fees and charges associated with plans include costs of insurance that vary with such characteristics of the insured as sex, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.