Every household contains cleaning solutions and common medications. If these products are not stored securely, children or pets can get into them, resulting in household poisoning. Click on the image to download or print the safety sheet.
A sharp rise in the number and size of ransomware losses over the past three years is changing the availability and cost of cybersecurity insurance coverage, according to the Insurance Leadership Forum. Annual cyber liability rates have increased more than 40% in recent years, in fact.
Insurance providers are carefully managing the growing risk, with some scaling back coverage options for business customers and others continuing to make coverage widely available because the threat is both ever-present, growing and evolving rapidly.
Some insurers continue to make this coverage available to customers with whom they have a wider relationship. Certain insurers have elected to only write cyber liability for companies with less than $100 million in revenue to reduce the insurer’s exposure.
These factors combine to make the need for cybersecurity insurance more urgent than ever, and to secure adequate coverage at reasonable rates. Contact the professionals at Evergreen to learn more about available cybersecurity coverage that’s right for your business.
Copyright 2023 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.
March is Brain Injury Awareness Month. In manufacturing, transportation, and construction jobs, employees can suffer head trauma and severe damage. To prevent injury, make sure your employees are equipped with the correct form of head protection. Click on the image to download or print the safety sheet.
Cyber incidents cannot only create immediate harm to your business, but also damage your credibility and financial stability for some time after the incident. It is extremely important that your business has a cyber incident response plan prepared so you can mitigate loss. Click on the image to download or print the safety sheet.
Floods, fires, tornadoes. Business owners purchase insurance to protect their property and people against these types of disasters. But what happens when, should the worst occur, you can’t adequately prove what that property was worth, or the financial impact your people are suffering?
It may sound like the most obvious point in the world, but it’s important to have accurate values – and the documentation to prove them to an insurance adjuster. Some good news is that this is not so much an issue impacting your premiums, but it can become a major issue when filing a claim to recover your losses.
The Insurance Information Institute recommends the following:
— Collect any relevant business records that you will need to prove the value of damaged equipment, inventory or structures that you are including in your business insurance claim. Gather all financial documents including tax returns, monthly sales tax returns, business contracts, budgets, financial statements and other documents pertinent to calculating the projected income of your business.
— If the business is forced to close down, you will need to provide information on the cost of conducting business from a temporary location, detailed records of business activity, and a list of expenses that have continued while your business has been suspended such as advertising, utilities, etc. Loss of or damage to cars, vans, trucks or specialty vehicles, which can hamper your ability to operate your business, should also be reported.
One of the smartest and easiest ways for a business owner to limit risk is to make sure you know – and can prove – what the various elements that make up your business are worth.
Contact the professionals at Evergreen to learn more about insured-to-value coverage for your enterprise.
Copyright 2023 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.
Since the pandemic, many businesses have allowed their workers to work remotely or hybrid. However, there is a disconnect between employers and employees on their productivity at home. Click on the image to download or print the tip sheet for steps employers can take to combat what is now known as “productivity paranoia”
Evergreen loves giving back to the community! Every year, our Evergreen Culture Committee picks two non-profits to receive funds from our employee donations. Our employees select the organizations by poll from a list of non-profits local to our Evergreen offices. The money raised from our recent Employee Jeans Day donations were set aside for the Salvation Army.
This past week, Evergreen’s Melissa Kittelmann, who has served as a Salvation Army Advisory Board Member for 20 years, and Debbie Edwards presented our donation check to Captain Candace Flanders of the Salvation Army Indiana Corps. Our donation will help fund building maintenance and upkeep, including new carpet at the entrance of the church building.
Thank you to all our employees for their generosity and to the Salvation Army for their dedication to helping our community!
When you’re insuring your business, you want to tailor the protection to the specific risks. It’s important that your property is valued correctly so you get enough coverage. According to industry data, about 75% of commercial properties are underinsured by a significant amount. Click on the image to download or print the information sheet.
As a business owner, you’re constantly working to ensure every part of your business is running smoothly. It’s a good idea to get a business owners policy (BOP) to cover the parts of your business you don’t have control over. Click on the image to download or print the information sheet.
The quality of the indoor air in your business can affect the health and comfort of your employees. The Environmental Protection Agency has discovered that improved air quality in businesses can increase the productivity of their employees. Click on the image to download or print the safety sheet.
