We’ve Got Your IT Business Covered With Technology Insurance

Corporations nowadays cannot do without the information technology that allows them to streamline and improve their work, which is why it is important to have as many securities as possible to ensure that nothing terrible overwhelms business. An article in the Business Insurance website dated October 28, 2014, however, discloses that while many executives are aware of the dangers of cyber risks, only half actually buy insurance. The article features a survey that reveals telling details, such as:
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Contrary to popular belief, small and mid-sized businesses (SMBs) are actually common hacking targets. An article from USA Today explains further:
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In recent news, a data breach affecting P.F. Chang’s was discovered last summer, affecting 33 branches nationwide. In an attempt to defray the cost of recovering and re-securing data, the popular restaurant chain has attempted to file a claim with Travelers Insurance using their general liability insurance policy. According to a report from InsuranceTech.com, this might not end so well for P.F. Chang’s:
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Tech firms, even the most modest of startups, need to be prepared for negligent claims made against them by dissatisfied customers. Indeed, companies will need professional liability insurance should they come under fire for something they have allegedly done wrong. The nature of professional liability is discussed in light of the increasing use of automated systems in vehicles in an article on the Lloyd’s website, dated September 19, 2014. The article muses that thanks to onboard automated systems, liability is sure to swing from the motorist to the creators of the systems in the event of an accident:
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Manalapan, NJ, September 2014 – Gauri Gupta, CBC,ChHC, Director-Employee Benefits Division, at InsureYourCompany.com, a provider of reliable small business health insurance in NJ, has earned the Chartered Healthcare Consultant (ChHC) professional designation from The American College, Bryn Mawr, PA.

Candidates for the ChHC designation must complete a minimum of six courses and 12 hours of proctored examinations. They must also fulfill stringent experience and ethics requirements.

The ChHC program is considered the most comprehensive credential available for benefits specialists, healthcare consultants, and finical advisors interesting effectively providing clients with cutting-edge information. The curriculum provides professionals with an in-depth understanding of the latest reforms in healthcare mandated by recent legislation.

Once the program is completed, a Charted Healthcare Consultant can provide expert advice on broad range of Health insurance related topics including state exchanges; medical loss ratios; Early Retiree Reinsurance Programs (ERRPs); Flexible Spending Accounts (FSAs); Health Savings Accounts (HSAs); Cafeteria Plans; and more.

Gauri has been an integral part of InsureYourCompany,com since she started as an Employee Benefits Consultant in 2008. “We’re excited about Gauri’s accomplishment and her ability and commitment to serve our clients for years to come,” said Alan Levenson, President and CEO of InsureYourCompany.com. She is a leader in her field and was named one of United HealthCare’s top brokers in 2013 (News India Times, March 7^th, 2014). Always looking to improve the level of our service to our clients, she now is the Director of the Employee Benefits Division, helping businesses find the right coverage with the best service.

The American College is the nation’s largest non-profit educational institution devoted to financial services. Holding the highest level of academic accreditation, The College has served as a valued business partner to banks, brokerages firms, insurance companies and others for over 84 years. The American College’s faculty represents some of the financial services industry’s foremost thought leaders. For more information, visit theamericancollege.edu. 

About InsureYourCompany.com

InsureYourCompany.com is a nationwide insurance agency dealing with small business insurance and assisting technology professionals and businesses with the right insurance coverage for their business. Our team of insurance experts has a wide and varied business experience across a variety of industries. To learn more or get a quote call us at 732-832-7997 or visit www.InsureYourCompany.com.

A lot of businesses, both big and small, need to have a secure network infrastructure in place to facilitate their everyday operations. Yet it only takes a single malware-infested computer to bring the entire system down and undo a company’s good name. According to The Hill staff writer Julian Hatten, additional measures are needed to protect businesses from such a risk: (more…)

Even in business, punctuations still matter.

During a recent hearing in Texas, British Petroleum (BP) argued that it’s entitled to $750 million in insurance money after the Deepwater Horizon oil spill of 2010. The breakdown of the cost, according to a Bloomberg report, includes a $50-million indemnity from BP’s primary insurer and a total of $700 million in excess coverage from other underwriters. (more…)

Directors and officers (D&O) liability insurance is the “most discussed and least understood” form of insurance, writes Hartmut Mai, global head of financial lines at Allianz. Despite being offered by small business insurance providers such as InsureYourCompany.com, very few have a clear idea of its benefits. (more…)

It is important for your starting company to keep the business going by protecting your assets. Having coverage through the basic types of insurance for small business owners can indeed help, but if you are planning to become a player in the technology industry, the basics cannot provide sufficient protection for your business. An article by Smart Business contributor Amy Dison highlighted the important role of errors and omissions (E&O) liability insurance:
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Starting a business is not as easy as setting up a booth on the street and selling your wares to random strangers. You will need to spend a significant amount of time planning every aspect of your business: where to set up your office, how many employees to have, what products or services to offer, how much will be the budget, and many other considerations. In an article for Entrepreneur, Jeffrey Steinberger explained the importance of having business insurance in NJ:
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