MrInsurability May 26, 2017 No Comments

Disability Insurance

Disability Insurance Today I’d like to take a look at a type of insurance often overlooked and that is Disability Insurance.

The Council for Disability Awareness, in their 2014 Long Term Disability Claims Review, found some surprising facts. The most common causes of new long-term disability claims are:

  • 6% Muscle, back and joint disorders
  • 1% Cancer and tumors
  • 3% Injuries and poisonings
  • 7% Cardiovascular and circulatory diseases
  • 3% Mental disorders
  • 7% Spine and Nervous system-related disorders
  • 9% Complications of pregnancy and childbirth

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MrInsurability April 27, 2017 No Comments

Protect Yourself from Ransomware

Protect Yourself from RansomwareIn case you missed the last one or two posts, we are talking about ransomware. Ransomware is malware that locks up your computer, so you can’t use it. Today we’re going to see how you can protect yourself from ransomware.

Ransomware relies on scare tactics to trick users into thinking they have done something wrong. Do you remember that you can get infected by ransomware simply by visiting an infected website or opening your email? You didn’t have to do anything wrong to get infected.

If you’re a big corporation with an IT dept. you’ll probably be able to deal with an attack. If you’re a person with a home computer, who gets attacked, knowing what to do isn’t so easy. You probably don’t want to have to pay for cyber insurance along with all your other bills.

So, the next question is how can you protect yourself from ransomware? Read more

MrInsurability April 20, 2017 No Comments

Ransomware – It’s Everyone’s Problem Now

ransomwareA new and devastating virus is affecting computer owners and users of all sizes, shapes and descriptions. It is called Ransomware.

This is a type of malware that infects computer systems, restricting the users’ access to the infected systems. It typically attempts to extort money it’s from victims by displaying an on-screen alert.

This alert will usually say that the user’s system has been locked or that the user’s files have been encrypted. Users are told that unless a ransom (fee) is paid, access will not be restored. Read more

MrInsurability April 7, 2017 No Comments

Data Breach Recovery Costs

data breach recovery costsToday, let’s take a look at data breach recovery costs and some typical types of coverage.

The first thing to consider is that the majority of states have data breach notice laws. These require that notification be made to individuals, if their nonpublic personally identifiable information has been exposed.

These laws also apply in cases of personal health information being compromised.

Data breach recovery costs can be expensive. Depending upon the number of impacted individuals and compromised records, this could be the most expensive portion of your recovery! Read more

MrInsurability April 7, 2017 No Comments

Nonpublic Personally Identifiable Information

Nonpublic Personally Identifiable InformationToday let’s continue with our look at the need for data breach insurance and Nonpublic Personally Identifiable Information. We previously mentioned that stolen records most often include this type of information. You may be wondering what this information would consist of, so, let’s look at some possibilities.

Just about all businesses, no matter the size, collect data about their employees, customers and tenants. Just what is nonpublic personally identifiable information? Below is a list of the most common items. If your company collects any of these, then you need to have safeguards in place. Read more

MrInsurability January 25, 2017 No Comments

Health Insurance – 7 Healthcare Changes that May Lower Your Costs

Health InsuranceWe are expecting President Trump to make big changes in health insurance. He used his first executive order to have federal agencies cut back on the rules pertaining to ObamaCare. President Trump’s first move is expected to be to end what’s called the “individual mandate”.

Political experts feel that the president is considering making 7 changes in total. I thought we’d take a quick look at them today. Read more

MrInsurability November 21, 2016 No Comments

Active Shooter Insurance (con’t)

MrInsurability.comIn continuing with our look at active shooter coverage and what may or may not be covered by our general liability policy, the next step in any insurance analysis, once we’ve determined that the event falls within the insuring agreement, is to analyze the policy exclusions.

In this case, insurers may not be obligated to defend and indemnify the insured, if the policy contains an assault and battery exclusion endorsement. An example of this type of endorsement would be:

It is agreed that no coverage shall apply under this policy for any claim, demand or suit based on Assault and Battery and Assault and Battery shall not be deemed an accident, whether or not committed by or at the direction of the insured. Read more

MrInsurability November 14, 2016 No Comments

An Active Shooter Event

MrInsurability.comAs a follow-up to the last post about active shooter insurance coverage, I thought it might be good to look at an actual case and see what happened.

On July 20, 2012 the movie “The Dark Knight Rises” was released. Because of all the hype and big build-up, the Century Aurora 16 theater, like many others across the country, decided to offer an early midnight showing. Unfortunately, disaster struck!

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Employment Practices Liability Insurance

MrInsurability.comToday, let’s look at something often overlooked by business owners. I’m talking about Employment Practices Liability Insurance!

The costs associated with employment practice-related claims, can be staggering. Sadly, the number of these claims is on the rise! Employers may face a number of different types of claims and lawsuits over things like: wrongful termination, discrimination, workplace harassment and retaliation.

Read more