What Is Cyber Liability Coverage?

Cyber Liability Coverage

Many companies would benefit from additional cyber liability coverage above and beyond whatever protection is offered by their general liability insurance, and a good portion of them don’t realize it. Often, when they learn what cyber liability covers, it’s a quick decision to include an expanded coverage policy in the next insurance review, or even to begin a new review to find out how to fit it in. The short explanation is simple, but it doesn’t quite capture the full range of claim scenarios. Cyber liability insurance is coverage against financial liabilities generated by digital activity initiated by your business, including the theft of customer data.

Common Claim Examples

Cyber liability insurance examples include:

  • Identity theft due to stolen employee or customer data
  • Lost data and breach notification costs
  • Employee data theft
  • Network security
  • Social engineering liability

Many businesses have exposure in these areas due to online customer service portals and storefronts, but even more have them because of internal records stored on computers that could be breached through a network connection. That second group represents the businesses that can easily miss the need for extended coverage in this area. If your business needs new cyber liability coverage or you think it might be time to expand your policy, get in touch with an insurance professional today.

Force Placed Insurance

Force placed insurance is just what it sounds like: insurance that is placed on something by force. The entity forcing the policy is the lender of money, and the one who pays for it is the borrower. Your opinion of this type of coverage probably depends on whether you are the party who receives a benefit or the one who must pay a large premium.

Benefits to Lender

Most lenders view force placed insurance auto as the most efficient way to protect their investments when borrowers do not fulfill their obligation to purchase adequate car insurance. By adding forced insurance to the monthly car payment, lenders make sure that they do not lose money should an accident occur.

Detriments to Borrower

Adding a premium to the amount due on a car payment each month may sound like a way to simplify bill paying, but having force placed insurance is rarely a good deal for the borrower. Besides costing more, the policies only cover damage to the vehicle, and not personal liability or injuries to the driver.

The good news for everyone involved is that operating under force placed insurance is not a permanent situation. Once borrowers have reinstated their own auto insurance, they can take steps to remove the policy forced by the lender.

Grocery Store Insurance

Whether a small bodega or a large retail grocer, protect your business and yourself with a grocery store insurance policy. A comprehensive risk management plan includes a policy that includes property and liability coverage, along with added protections for the risks inherent to the grocery industry.

Liability Coverage

Liability coverage protects you financially should a lawsuit be filed against you or your business. Slip and fall claims are covered under liability protections.

Property Coverage

Property coverage protects your building, the contents and equipment from loss. This includes everything that is needed to operate your store and the inventory you sell.

Food Spoilage Coverage

Spoilage coverage protects you from the loss of perishable goods due to a power outage, contamination in your refrigeration system, or if you have an equipment failure.

Business Income Coverage

Loss of income coverage protects your income if you must suspend operations due to a catastrophic event that destroys your business location. This coverage allows you to continue paying your bills and employees should there be a physical loss of the business.

Whether big or small, grocery store insurance covers the most common risks to your store. Providing protection for both you and your store, this specialized insurance should be an essential component of every grocer’s risk management plan.

Home Owners Insurance

There is a lot of confusion surrounding homeowners insurance. One of the biggest questions is what exactly does this insurance typically cover.

The Home

Although it may seem obvious, home insurance covers your home in the event of lightning, fire, or hail damage. It does not cover hurricanes, floods or other natural disasters unless you specifically purchase that coverage. If you live in a flood zone, your mortgage company may require flood insurance.


The liability portion of homeowners insurance covers you if someone is injured on your property. It covers the cost of medical payments and the cost of any lawsuits filed against you.

Personal Property

This portion of your policy covers the contents of your home, such as furniture, appliances and clothing. Personal property coverage is an excellent thing to have in the event of a fire but be careful if the damage is due to a flood or other natural disaster, you will need a different form of coverage.

Living Expenses

Living expenses insurance is sometimes called a loss of use policy. This covers hotels and rentals if you have to leave your home when something has rendered it unlivable.

Some insurance policies are better than others. You have to read your policy carefully, so you know exactly what is covered and what is not.

Group Health Insurance

Any business that has employees needs to provide insurance coverage for them…while also minding its budget. If you’re struggling to balance your monetary needs with the best protection for your workers, a group health insurance agency may be able to help you get the best of both worlds.

Peace of Mind for Your Employees

Group health insurance doesn’t just cover the basics. It can also include coverage for dental, disability, and life insurance, as well as alternative options, like HSAs and FSAs, for those who do not want or need a traditional plan. Your employees will feel that you are making sure all their needs are met.

Customized to Your Company

Providing great coverage for those you employ doesn’t have to break the bank. A group health insurance agency can work with you to develop an insurance plan that fits your budget. Avoid paying for things you don’t need and maximize the benefits for yourself and your workers.

Providing insurance to a large group of people can be intimidating for business owners. When purchasing insurance, you want to balance the wants and needs of your employees with what is realistic for the company. Luckily, a group health insurance agency can help you find the sweet spot between the two ideals and help you get maximum coverage without blowing your budget.

Commercial vs Personal Auto Insurance

Determining whether to purchase commercial vs personal auto insurance is not always easy. Answering these three questions may help.

1. How Do These Types of Policies Differ?

Commercial auto insurance policies are designed differently than personal auto insurance plans. A personal policy is written for a specific driver. The driving record of that person is among the factors considered when determining the cost of the premium. A commercial policy covers vehicles used for the company’s business purposes and may not specify a certain driver.

2. Who Is Driving the Vehicle?

If an employee is driving a car owned by a business, it is likely that a commercial policy is needed. This could also be the case if the driver is a sole proprietor of a small business or an independent contractor who uses the vehicle for work.

3. What Is the Purpose for Using the Vehicle?

Vehicles used for business-related tasks typically require commercial coverage. For example, an owner who uses the vehicle to drop off supplies to a job site may require commercial coverage. Personal auto insurance will typically only cover the commute to work.

If a business or individual is unsure whether they need commercial or personal auto insurance, it is usually best to ask an insurance company for assistance.

Employee Liability Claims

As a business owner, you understand the importance of having adequate insurance coverage to protect your employees and your property when an accident or weather event occurs. As vital as this coverage is, you must also protect your investment against unwanted claims made by employees. Employment Practices Liability Insurance, known as EPLI, covers legal fees and settlements in many circumstances, including claims of discrimination, harassment and wrongful termination.

Examples of Employee Claims

EPLI claims cover a variety of issues that take place in the workplace. Let’s look at a few examples.

  • Illegal background check – During a background check for a potential employee, the HR department finds something unfavorable in the person’s past and declines to hire them. If the candidate did not give written permission beforehand, the background check is illegal and the person can sue.
  • Harassment claim – Any kind of workplace harassment is not permitted. Sexual harassment is the most common, but other types of unwanted verbal and physical gestures are not acceptable either.
  • Retaliation incident – If an employee speaks out against unpermitted behaviors at work and is consequently demoted or fired, they can file a claim.
  • Wrongful termination claim – An employee can sue if they feel that they have been wrongfully fired.

While you hope you never have to use your EPLI policy, going without one could be devastating to your business.

The Best Insurance Coverage for Your Nonprofit

Comprehensive, reliable insurance is critical for all businesses and organizations. For owners of nonprofits and other organizations that rely on volunteers, finding the right insurance to cover a large number of people in a nontraditional structure can seem complicated. Fortunately, there are two broad types of nonprofit volunteer insurance that can provide coverage for all of the individuals in your organization.

Coverage for Volunteers

Depending on where you are located, volunteers in your organization may or may not be covered under traditional workers’ compensation. Whether or not this coverage is provided, it is smart to have insurance coverage for your volunteers in the event of a work-related injury.

Coverage for Officers and Directors

A second type of coverage your nonprofit should have is insurance for officers and directors. This type of insurance will protect your organization in the event of a lawsuit, such as one related to copyright infringement, discrimination or wrongful termination.

Good, comprehensive nonprofit volunteer insurance will provide protection for both volunteers and permanent organization members such as officers and directors. By securing both types of coverage for your organization, you are looking out for your volunteers in case of accident or injury ,and looking out for your business should it be subject to legal action. With everyone protected, your business will run smoothly.

Texas Homeowners

Whether you’ve owned your Texas home for years or are a brand-new property owner in the Lone Star State, having comprehensive Texas home insurance can make a world of difference in protecting your property. Purchasing your home was a big decision, and getting personalized coverage can help provide a safety net for unexpected events. As you look for the right policy, use these specifics as a baseline.

Look for Comprehensive Policy Structure

As a homeowner, the last thing you need is a skimpy insurance policy that doesn’t provide enough coverage. To make sure you’re protected in a wide range of events, look for a policy with a truly comprehensive structure. Some facets to include are:

  • Liability insurance
  • Payment for hotels or other housing during repairs
  • Personal property insurance
  • Property insurance in case of structural damage

Check for Weather Coverage in Your Plan

From dry, hot days to occasional tornadoes or hurricanes, depending on which part of the state you live in, Texas weather can sometimes throw homeowners for a loop. As you shop around, look for a policy that includes coverage for severe weather events. These can include everything from hail to a flood to an earthquake and more.

Owning a home in the great state of Texas is a significant investment, so it’s essential to make sure you protect it with Texas home insurance. The best policy for you is the one that provides your family with the specific coverage you need.

Boat Fishing

While casting a line off of a pier or shore is a fun pastime, there’s nothing quite like fishing on a boat. You’re in the middle of the action, ready and primed to catch that big fish you’ve been thinking about. Being out on the water is a different experience than fishing from the land and requires additional considerations and preparation.

Preparing for a Safe and Fruitful Excursion

Whether you’re fishing for fun or sourcing your next meal, it’s important to check for the following things before you set sail:

  • Boat – Make sure your boat is fully functional, in good condition and properly equipped (e.g. anchor, lifejackets etc.).
  • Weather – Check forecasts and look for conditions that are conducive to fishing and safe operations of your boat for the entire day.
  • Fishing Gear – Make sure your fishing tackle and equipment are in good, working condition.
  • Attire – Dress appropriately and comfortably for your day.

Generally, it’s best to do your homework before you set out. What type of fish are you hoping to catch? Are they available where and when you plan to fish? Being prepared can make all the difference between a successful and fruitless day.

Considering Other Details

You should also think about fishing techniques and employing modern technology in your hunt. Are you going “old school” or taking advantage of equipment such as sounders or temperature meters? These can also affect the outcome of your boat fishing excursion.

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