Interesting how commitments can accumulate when you’re not looking, isn’t it?

You click on a subscription, you agree to get regular updates from a retailer, you cite a preference for a particular brand. And before you know it, funds have been deducted from your checking account, your email inbox gets choked with nuisance messages, and you can’t seem to escape online ads for something for which you are rapidly losing interest. An entire category of online apps has sprung up to help users wrangle these commitments to fit one’s current situation.

What began innocently can end up causing issues that can cost time, money, and patience. The same principle applies to insurance coverage, as a business enters into contracts with partners, suppliers, and vendors.

These agreements are recognized as necessary to conduct, expand, and protect a business’ interests. They make complete sense, and can serve a vital purpose. But caution must be taken when entering these arrangements, to make sure that the business’ insurance policies extend to the terms of any new contracts.

Terms and conditions of insurance coverages are written to specific situations – situations that may take on new wrinkles and specifics under new contractual agreements. The last thing any business owner needs or wants is to discover down the road that a partnership or other agreement under contract with another entity means an existing policy does not offer sufficient coverage.

Working with your insurance provider to conduct a contractual review represents an easy way to safeguard against getting caught in such a scenario.

Contracts and agreements accumulate over time. That’s smart business, typically. Just make sure that your insurance coverage keeps up with the terms of any new situation, to avoid costing you time, money, and patience.

Contact the professionals at Evergreen for more information.

Copyright 2025 Evergreen Insurance

Evergreen Insurance provides these updates for information only, and does not provide legal advice. To make decisions regarding insurance matters, please consult directly with a licensed insurance professional or firm.

Artificial Intelligence, or AI, has become ubiquitous across all aspects of modern life, including every type of business. Its ability to access and process information from an unlimited pool of knowledge and existing documents is staggering, but so are the potential shortfalls.

Businesses large and small are wise to develop clear and consistent policies on using this technology. Some concerns that need to be considered include recognizing the uncertainty about who owns the AI-created content, as well as security and privacy concerns regarding proprietary or sensitive information.

An AI usage policy should also acknowledge that the accuracy of AI-generated content cannot be relied upon with any certainty, as it may be outdated, misleading or even fabricated.

Guidelines also could address reviewing AI-generated information for accuracy before relying on it for work purposes. If a reliable source cannot be found to verify the accuracy of AI-generated information, for example, a policy would determine whether that information should be used.

AI promises to change how we work. A well-researched, well-planned, and well-executed AI usage policy can help make sure that those changes remain positive and avoid the problems that otherwise may result.

While insurance isn’t a fix for improper use of AI, cyber insurance should be a part of any business’ overall data security plan. Contact Evergreen for ideas of how to best safeguard your business.

Copyright 2025 Evergreen Insurance

Evergreen Insurance provides these updates for information only, and does not provide legal advice. To make decisions regarding insurance matters, please consult directly with a licensed insurance professional or firm.

In case there was any doubt that identity theft remains one of the easiest and most lucrative ways to steal much more than an individual’s identity, consider these statistics:

According to the Identity Theft Research Center (ITRC) Annual Data Breach Report, 2023 had a record high number of data compromises in the U.S. in a single year. A 72 percentage point hike from the previous all-time high number of compromises set in 2021. At least 353 million individuals were impacted.

According to the FBI’s Internet Crime Report 2023, the bureau received 880,418 complaints of cyber-crime as reported by the public, a 10 percent increase from 2022. The potential total loss increased to $12.5 billion in 2023, up from $10.3 billion in 2022. California, Texas, and Florida had the highest number of cybercrime victims.

The Federal Trade Commission’s (FTC) Consumer Sentinel Network took in over 5.39 million reports in 2023, of which 48 percent were for fraud and 19 percent for identity theft. Credit card fraud accounted for 40.2 percent of identity thefts, followed by miscellaneous identity theft at 25.1 percent, which includes online shopping and payment account fraud, email and social media fraud, and other identity theft. Georgia, Florida, and Nevada had the most identity theft reports.

Cybersecurity tools exist to deflect and avoid falling victim to these attacks against your business and your employees.  Evergreen Insurance provides guidance to help establish safeguards against identity theft and other cybercrimes. Contact us today to learn more.

Copyright 2024 Evergreen Insurance

Evergreen Insurance provides these updates for information only, and does not provide legal advice.  To make decisions regarding insurance matters, please consult directly with a licensed insurance professional or firm.