October is National Crime Prevention Month. As a business owner, you hope that the employees you trust would not steal from you. Unfortunately, it does happen. Property insurance can protect against criminal acts from someone outside your company, but crime insurance can protect your business from employee dishonesty. Click on the image to download or print the information sheet.
Organizations and businesses everywhere can face general liability exposures from the kind of work they perform and where it is executed. It’s important for your business to understand where these exposures are so you can avoid legal or financial responsibility for damage to another party. Click on the image to download or print the information sheet.
October is National Cybersecurity Awareness Month. In recent years, cyber attacks have increased in frequency. This can result in data breach fatigue as consumers and organizations become desensitized to breaches. Don’t become complacent to cybersecurity needs in your business. Click on the image to download or print the safety sheet.
As an employer, the health of your employees should be a priority. If an employee gets injured on the job, you may not be aware of what goes into resolving the claim. Click on the image to download and print the information sheet.
Workplaces should be aware of any risks to their employees’ respiratory health. Air particles, dust, and fumes can be dangerous, especially when they are breathed in every day. Make sure your company is dealing with respiratory protection correctly. Click on the image to download or print the safety slides.
Evergreen Insurance is excited to announce that in the next few months, we are going to be relocating two of our physical office locations. Our staff remains the same, and we are ready to continue to assist you with your insurance needs.
The two physical locations that will be changing are our offices located in Ebensburg and Greensburg.
The exact dates of the location changes are still to be determined, and as those details are finalized, they will be shared with you. We will also be posting updates here on our website – as well as on our LinkedIn, Twitter, Instagram, and Facebook pages. Be sure to follow us on social media to stay up-to-date!
If you have any questions about these changes, or if we can be of assistance to you, please call us at 800-662-2020.
With fuel prices going up, it can be extremely beneficial to improve the fuel efficiency of your company’s fleet. Implementing fuel-efficient maintenance strategies, policies, and technology can make a difference. Click on the image to download or print the tip sheet.
When providing employees with company cars, check to see if they have their own automobile policy. If not, drive-other-car coverage can help protect you from any gaps in policy. Click on the image to download or print the information sheet.
Cyber threats have the potential to impact all facets of the supply chain.
An attack against the Colonial Pipeline in the U.S. in May 2020 illustrated how vulnerable critical infrastructure can be as an attractive target for cybercriminals and even other nations hostile to the American economy. The attack – made possible through a single password breach, as disclosed later – shut key conduits delivering fuel from Gulf Coast refineries to major East Coast markets.
According to industry sources, shipping and logistics companies saw three times as many ransomware attacks in 2020 as in 2019. A spike in malware, ransomware, and phishing emails during the pandemic helped drive a 400% increase in attempted cyberattacks against shipping companies through the first months of 2020, as well.
While shipping represents a major element of overall supply chain operations, the looming threat of cyber attacks remains just as present and prevalent in every other link of that chain.
As the world economy continues to regain its footing in the wake of the coronavirus pandemic, supply chain issues have contributed to inflationary pressures and the less-than-rapid recovery many had hoped to see. Preventing malicious actors from further disrupting the supply chain remains a key priority.
Cybersecurity impacts every business, regardless of size or location or industry. Make sure your business deploys all preventative measures possible, and have regular reviews of your cybersecurity insurance coverage to protect against potential losses.
Contact the professionals at Evergreen Insurance for more information.
Copyright 2022 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.
So much of insurance revolves around who is at fault and who has to pay to make things right again. Waiver of subrogation is one more wrinkle in that complex equation.
Subrogation occurs when an insurer pays their insured for a loss caused by a third- party, and then attempts to recoup their payout by making a claim against the responsible third party.
For instance, if you’re in a car accident and it was the other party’s fault, your insurer pays for repairs to your vehicle and then pursues the other person’s insurance company for the loss. In your insurance policy, which is a contract between you and your insurance carrier, you agreed to allow the carrier to subrogate for any paid loss.
In a typical business contract, one business may ask another business to waive its rights of subrogation because the first business doesn’t want to be held responsible for a loss. When agreed to in such a contract, it prevents the business, and its insurer, who has agreed to waive their right, from seeking a share of the damages paid from the other party, even if they are at fault.
But be aware that when a business gives up its right to recover any losses, it increases the insurer’s risk and transfers responsibility to the insured and its insurer for sometimes uncontrollable losses. This can lead to unnecessary loss history and potentially increased insurance costs.
Conducting regular contractual reviews with your insurer agent can easily point out these exposures and help to you to understand and sometimes negotiate this requirement out of your risk profile.
Contact the professionals at Evergreen Insurance for more information.
Copyright 2022 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.
