The success of a business, whether it’s a tiny enterprise run out of a basement or a large corporation, is largely dependent on hard work and ingenuity. However, no matter how industrious you are, one disaster can wipe out all your profits and even destroy your business. The key to making sure that all the effort and money you have invested in a business doesn’t disappear when a disaster strikes is to protect it with the appropriate insurance.
Data Breach Insurance and Legal and Identity Theft
As you know if you follow the news at all, data breaches and identity theft are at an all-time high and growing. Any company that collects and/or stores customer identifying information is at risk. The costs to meet state and federal mandates in the event of a breach of any kind are staggering. It can make the difference between staying in business or not. Call us today to see how affordable such coverage can be.
For individuals, we offer a package that includes Legal Services and Identity Theft restoration and monitoring services in the event of an identity theft. This too, is very affordable and we will be happy to discuss it with you at any time.
Contact Marilyn Gray at 803-767-0393 to get a quote or ask questions.
Workers‘ compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue their employer for the tort of negligence.
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit.
A utility bond is a form of insurance that home or business owners purchase to ensure timely payments to a utility company. Businesses usually have to have thebond before utilities are turned on.
An insurance policy for businesses and other organizations that insures against damage to their buildings and contents due to a covered cause of loss, such as a fire. The policy may also cover loss of income or increase in expenses that results from the property damage (PD).
Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities.
Directors and officers liability Insurance (often called “D&O”) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers. Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials as well; in fact, often civil and criminal actions are brought against directors/officers simultaneously. Intentional illegal acts, however, are typically not covered under D&O policies.