Archives for February 2016
Your independent insurance agent and your insurance company can be valuable partners in helping you reduce or eliminate loss exposures in your fitness and recreation facility. All parties benefit by minimizing claims and losses, and you can achieve this with proper risk management.
Think of your life as a series of stages: youth, adulthood, parenthood, maturity. Each stage has its own loves, its own rewards – and its own reasons to purchase life insurance.
As you reach different stages of life and your needs change, consider how different life insurance products can help. Read More…
Employees at companies of all sizes, either through their own volition or due to corporate requirements, are engaging in bring your own device (BYOD) programs in ever greater numbers. Many of these employees continue to work at home, beyond the traditional workday, on personal laptops, tablets and smartphones as the work and personal life divide continues to blur. Companies, once resistant to BYOD programs and their inherent risks, now embrace the increased collaboration, productivity and cost savings that BYOD allows. See Story…
Anatomy of a Main Street Hack | Travelers Insurance// //
National news headlines routinely feature high-profile data breaches and hacking events, with large corporations working around the clock to contain the damage to their business, their customers and their reputations. But research shows that cyber criminals and hackers are also attacking smaller “Main Street” companies who are often less prepared to prevent and respond to an attack.
Anatomy of a Main Street Hack | Travelers Insurance// //
The Symantec Internet Security Threat Report found that 60% of all targeted attacks struck small- to mid-sized companies. These relatively small breaches can still affect a significant amount of records and be a catastrophic event for unprepared small- to mid-sized businesses, says Tim Francis, Travelers’ Cyber Insurance Lead.
“Large companies have increasingly begun to think about cyber hacks and to have a plan in place to deal with them,” explains Francis. “Meanwhile, small- and mid-sized businesses often lack access to cyber security expertise, including others that can help them secure their systems or help with a breach should it occur.”
In the world of cyber security, it is not if but when a company will experience a data breach. “But if you know how and why, you can do things to mitigate those risks,” Francis says. “You need a plan in place to deal with it effectively.”
Here is a look at how small- to mid-sized companies are vulnerable, what is at stake, and methods to help protect against hacking and data breaches. Read Story…
Last week, I wrote about some of the ways Obamacare impacts small businesses, specifically five requirements Obamacare places on small businesses and five opportunities Obamacare affords small businesses. As discussed, while small businesses (i.e. companies with fewer than 50 employees) are exempt from many of the most rigorous requirements of the Affordable Care Act — most notably, the Employer Mandate — there are still some requirements and even some opportunities that small business owners should be aware of regarding Obamacare.
As an Obamacare attorney, I have observed that the factors a small business has to consider with respect to the Affordable Care Act can change quite dramatically if its workforce grows beyond 50 full-time employees. This can occur over time as a result of the natural growth of the business but can also happen rapidly and unexpectedly as a result of a business transaction.
Here are three tips that any small business owner considering a business transaction should keep in mind to ensure that there are no unexpected Obamacare surprises as a result of the transaction:
If you think your small business is safe from data breaches, think again. A recent survey found that small businesses are an attractive target for hackers since they possess and manage sensitive consumer data, and have fewer security protocols in place than larger companies.
“A data breach results in angry and concerned customers and reputational damage,” says Joram Borenstein, vice president at NICE Actimize. “For some small businesses, it could prove difficult to recover from both the financial impact and the hit to their credibility.”
Rather than leaving your small business open to data breaches, experts suggest using the following checklist to protect your company against hackers: See Tips…
I have a weird fascination with icicles. During the winter, I like to travel around certain neighborhoods and scope out the size of icicles hanging off of houses. While they can appear to be “beautiful,” I recently learned how truly ugly they can be. Not only are icicles a sign of inadequate attic insulation, it could be a start of a serious problem — ice dams.
What is an ice dam? According to the University of Minnesota, “an ice dam is a ridge of ice that forms at the edge of a roof and prevents melting snow from draining off the roof.” That water will back up behind the ridge and can leak into the home, damaging walls, ceilings and insulation.
Driving a vehicle is so ingrained in our daily routine we don’t think twice about the risk that this simple activity carries. But operators of home health care services should consider the risk that auto travel poses to your business and to your employees. By putting appropriate controls in place, employers can help their licensed medical staff arrive safely to care for clients. See story…
Misunderstandings can lead to disastrous consequences for your company, but there are things employers can do to protect your business. Imagine these scenarios: