PIASC Insurance News

What Is Errors and Omissions Insurance?

May 11, 2022 |

Errors and omissions insurance, also known as E&O insurance and professional liability insurance, helps protect you from lawsuits claiming you made a mistake in your professional services. This insurance can help cover your court costs or settlements, which can be very costly for your business to pay on its own. What Does E&O Insurance Cover? Errors…

What Is an Errors and Omissions Claim?

May 10, 2022 |

Errors and omissions insurance is also known as professional liability insurance and E&O insurance. This policy can help protect you from lawsuits claiming you’ve made a mistake in your professional services. This means that an errors and omissions claim filed against you can be for: Negligence Errors or omissions in your services provided Misrepresentation Violation of good…

Prevent Costly Mistakes In Your Business

May 10, 2022 |

Look, everyone can make a mistake at work. Perhaps you send an email to the wrong person, ship the wrong product to the wrong address. These common errors could disrupt business operations or lose valuable business data. If you run a retail business, a single mistake could result in a significant loss of productivity and…

What Is Multi-Factor Authentication?

October 3, 2021 |

Multi-factor authentication (MFA) is a security process that requires users to respond to requests to verify their identities before they can access networks or other online applications. MFA may use knowledge, possession of physical objects, or geographic or network locations to confirm identity. Why is multi-factor authentication needed? As organizations digitize operations and take on…

Help secure your accounts with these strong password tips

October 3, 2021 |

It’s no secret that passwords have substantial monetary value to cybercriminals. The importance of using secure, unique passwords is growing as you entrust increasing amounts of personal information to organizations and businesses that can fall victim to data breaches and password leaks. Although there may be little you can do to prevent a large-scale data…

Five Steps to Creating a Cyber Security Incident Response Plan

October 3, 2021 |

Concern for cybercrime has increased 62% in the past year. Over 41,600 incidents and 2,013 confirmed data breaches were investigated by Verizon and its partners in the past year. The numbers paint a dark picture of the growing threat to businesses of all sizes – concern for cybercrime has increased 62 percent in the past…

Remote Workers Reluctant to Return to the Workplace

June 8, 2021 |

There’s a reluctance among workers to give up location flexible work after the pandemic. According to a survey conducted by YouGov earlier this year, 80 percent of Americans who started working from home during the pandemic want to continue doing so at least half the time when the pandemic is over. While 24 percent of…

What is an employer to do in order to protect against litigation?

June 6, 2021 |

As workers are encouraged to return to the office, employers are walking a tightrope fraught with liability and risk. In fact, big insurers like Chubb, AIG and Travelers are bracing for an onslaught of claims related to employment and labor lawsuits as workers head back to the office. As employers continue to grapple with the…

Why Is Commercial Auto Getting More Difficult To Insure?

May 16, 2021 |

The last few years have seen significant changes in the commercial auto insurance market. Consequently, insurance carriers have responded by tightening their belts and increasing premiums to address years of losses. The result is a more healthy approach to address market challenges and put the brakes on the upward trend of pricing. So what can…

Cyber Consciousness

March 19, 2021 |

7 in 10 businesses aren’t prepared for cyber vulnerabilities. Large, multinational firms can absorb the financial costs associated with a cyber attack, small businesses can go bankrupt if not prepared. In today’s online world businesses need to be aware of the risks and take proactive measure to mitigate the risk. In this brief conversation you will learn what to look for and how cyber insurance can help in the event of an attack.