Is Cyber Liability Insurance Right for your Clients?

As technology becomes smarter & more intergrated into the business world, the real threat of cyber liability increases & the opportunity for information to be loss/stolen becomes a major security risk to all. The “Big Five” technologies such as mobile, social, cloud computing, advanced analytics, & machine-to-machine communication are prone to being breached & hacked into by cyber criminals. Catherine Mulligan who is senior vice president of Zurich North America stated “Anyone who has data or anyone who has a network would benefit because exposures might be different, but the risk is still the same” Companies can suffer irreversible reputation damage if any type of cyber liabilities occur & aren’t properly insured. No matter the size of the company, all should make cyber liability a top priority & protect their confidential client information.
Please read this article which describes the benefits of introducing clients to cyber liability insurance policies.
Please contact Fidens today on what cyber liablity insurance is best for you & your business.

Top 10 Data Breaches in the Last 12 Months

2014 has been a huge year for massive data breaches in high profile companies.
The breaches range from large chain restraunts, online retail businesses, financial institutions, & even the government were all victims of being hacked, leading to leaked personal consumer information.
Millions of individuals passwords, credit/debit card numbers, email/home addresses & all types of private information was stolen.
Here is the link to an article of the Top 10 Data Breaches in 2014.
Please contact Fidens specialist today to find out how to insure & protect your customer’s confidential information.

10 Ways to Maximize Insurance Recovery from Cyber Losses

In today’s day & age, no one is immune to having their computer compromised & their data stolen. Whether it be Fortune 500 companies or small businesses, the reality of a security breach is sadly almost inevitable. Suffering data losses from cyber attacks can be disruptful, detrimental, & permanently disaterious to any entity. There are precuations to take beforehand when choosing a cyber liability insurance policy to maximize the recovery process. Protecting personal ID, being careful on mobile devices/credit cards, & choosing the right broker are some of the ways you can maximize/manage your recovery losses. Cyber liability insurance is essential in todays business climate & necessary in order to protect your information.
Have any questions or want a free consultation on how you or your company can benefits from a secure cyber insurance policy; please contact Fidens today.

Insuring Priceless Art

Insuring priceless works of art can be a daunting task. How is it possible to put a numerical value on such precious one of a kind Picasso? Insurers must hire appraisers to determine the value by analyzing comparables recently sold or currently for sale on the market. After calculation, then it is must be decided what the cost of restoration would be and the diminished value in event that the art is damaged. Famous works of art can fetch up to hundreds of millions and buyers are willing to pay to obtain these prized possessions.
This article describes the insurance process of treasured works of art.
Please contact Fidens Insurance for any questions regarding art insurance needs.