Is Your College Student Covered?

It’s already time to head back to school! Do you have a child headed off to college? Before you pack up the car, review your current insurance policies and consider adjusting them to ensure that your child is covered. Click on the image to download or print the information sheet.

Water Safety

Swimming or participating in water sports is one of the best ways to cool down this summer. While water activities can be fun, they can lead to accidents, including drowning. Today is National Drowning Prevention Day, so take a minute to read over tips on how to avoid dangerous accidents. Click on the image to download or print the safety sheet.

Rates Held Ransom: Increased Breaches Impacting Coverage Terms

As instances and the scope of ransomware events, and losses associated with them, continue to increase, some insurers are tightening their standards in providing cybersecurity coverage.

According to industry experts, insurers are restricting capacity and implementing increases in premiums to accommodate for businesses not keeping pace with the threat of malware and other online attacks.

Ransomware events began to climb in 2019, leading to the continuing response by insurers. On average, insurance rates have doubled since the surge in attacks began, with rising reinsurance costs expected to drive those rates higher.

Insurers certainly are not abandoning cyber liability coverage, but recognize the underlying issue is that while coverage may be adequate today, the rapidly evolving risk means it may not be adequate tomorrow.

Business owners can help their own cause by implementing as many precautions against online attacks as they can, which can contribute to keeping their insurance costs manageable under the circumstances.

The digital universe has opened a world of opportunity for businesses to grow, expand, and succeed. But the flip side of all that openness poses a threat that continues to grow, expand, and succeed as well.

Managing that risk will be a challenge for business owners and their insurers for the foreseeable future. Eternal vigilance may be the price of liberty, but it’s also the price of keeping your data protected online.

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.

Vision Care: UV Protection

July is UV Safety Awareness Month. Most people know UV rays can be harmful to your skin… but it can also be harmful to your eyes! Learn more about the dangers of UV rays and how to best protect your vision. Click on the image to download or print the safety sheet.

Collision versus Comprehensive Coverage

Do you know the difference between collision coverage and comprehensive coverage for your vehicle? While it may seem unnecessary to purchase both, it can provide you with more protection against financial hardship after an accident. Click on the image to download or print the information sheet.