Article

ransomware

What is Ransomware?

Cyber Extortion Exposure, Coverage, and the Vulnerabilities that Lead to it Ransomware is a type

Social Engineering Fraud

What is Social Engineering Fraud?

Social Engineering Fraud is the use of psychology to manipulate someone into following instructions to share confidential information or send money.

Privacy and security

Privacy legislation and Cyber Insurance

For any business owner or director, it is essential to have an understanding of privacy laws. In collecting, handling, and storing data, your organization may be exposed to lawsuits from different stakeholders or charged hefty fines for violations by regulators.

Hard market negotiations

A Checklist to Successful Negotiations in a Hard Market

At the start of a hard market, we need to take time to brush up on our negotiation skills. This checklist will help you gather information and be proactive in your placing efforts. Be in control of your renewals and enter each discussion with an action plan!

report claim

Claims Made vs Claims Made and Reported

A Claims Made policy form offers coverage for claims made against the insured during the policy period. These policies typically come with a reporting requirement defined as “as soon as reasonably practicable.” This policy is also known as the “pure claims made” policy.

'Named Perils' and 'All Risks'

Named Perils vs. All Risks Explained in Plain English

Despite the standardization of some coverages and policies, the critical distinction between Named Perils and All Risks policies is still widespread, so it’s important to carefully review insurance policies. Understand the difference between the two forms and what it means for you as an insurance buyer.

pro-rata vs. short-rate cancellation

Pro-Rata vs. Short-Rate Cancellation

Pro-rata and Short-rate are two different ways of determining the refund amount that an insured party will receive if their insurance policy is canceled before the expiry date. Understand the difference between these two methods.

Resource Type: Article

ransomware

What is Ransomware?

Cyber Extortion Exposure, Coverage, and the Vulnerabilities that Lead to it Ransomware is a type of malicious software (malware) that prevents users from accessing systems or critical data. Any company with cash is a target for cyber extortion. The objective behind this malware is to perform a cyber extortion threat or scheme. As the name …

What is Ransomware? Read More »

Social Engineering Fraud

What is Social Engineering Fraud?

Social Engineering Fraud is the use of psychology to manipulate someone into following instructions to share confidential information or send money.

Privacy and security

Privacy legislation and Cyber Insurance

For any business owner or director, it is essential to have an understanding of privacy laws. In collecting, handling, and storing data, your organization may be exposed to lawsuits from different stakeholders or charged hefty fines for violations by regulators.

Hard market negotiations

A Checklist to Successful Negotiations in a Hard Market

At the start of a hard market, we need to take time to brush up on our negotiation skills. This checklist will help you gather information and be proactive in your placing efforts. Be in control of your renewals and enter each discussion with an action plan!

report claim

Claims Made vs Claims Made and Reported

A Claims Made policy form offers coverage for claims made against the insured during the policy period. These policies typically come with a reporting requirement defined as “as soon as reasonably practicable.” This policy is also known as the “pure claims made” policy.

'Named Perils' and 'All Risks'

Named Perils vs. All Risks Explained in Plain English

Despite the standardization of some coverages and policies, the critical distinction between Named Perils and All Risks policies is still widespread, so it’s important to carefully review insurance policies. Understand the difference between the two forms and what it means for you as an insurance buyer.

pro-rata vs. short-rate cancellation

Pro-Rata vs. Short-Rate Cancellation

Pro-rata and Short-rate are two different ways of determining the refund amount that an insured party will receive if their insurance policy is canceled before the expiry date. Understand the difference between these two methods.