When an employee gets injured on the job, worker’s compensation policies help cover expenses. Sometimes, medical providers abuse this coverage by billing dishonestly or performing unnecessary services. Click on the image to download or print the safety sheet to learn how to identify and prevent medical provider fraud.

While a majority of U.S. business executives rank cyber risk as their top organizational concern, fewer than half have adopted even basic preventive measures, according to results of an industry survey.

Cyber risk has risen to become the top concern in the U.S. and few risk experts believe governments are equipped to handle the threat. Among 1,200 executives who participated in the survey, 59% said they worry some or a great deal about cyber, and 25% said their company has been a cyber victim, up 150% since 2015.

The top three specific concerns cited by survey respondents included security breaches, system glitches, and unauthorized access to bank accounts.

Yet only 61% of these leaders said they felt extremely or very confident in their company’s cyber practices. The survey found that 43% said their company has a written business continuity plan in the event of a cyberattack, and 48% said their company has adopted multifactor authentication to mitigate the risk.

The need for heightened attention and action regarding cyber protection has only increased with the rise of employees working remotely. An easy way to begin would be to require simple preventative measures, such as requiring multifactor authentication – as in using a one-time dedicated passcode as a secondary verification of identity – to gain access to websites or files.

They say the first step in getting yourself out of a hole is to stop digging. The wise business leader acknowledges and addresses issues before they become problems. If the state of your cyber security preparation is troubling you, don’t wait to find out how problematic it can become. Invest the time and resources to fortify your protection now.

Contact the professionals at Evergreen Insurance for guidance on cyber security.
 
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.

Source: https://www.businessinsurance.com/article/20210929/NEWS06/912344857?template=printer

November 30th is National Computer Security Day. No matter what kind of work your business does, you probably have computers to help you do your work or connect with clients. Cyberattackers are a real threat to your business, so make sure you know how to protect your computers and your company. Click on the image to download or print the safety sheet.

As a business gains traction, achieves success and expands, it can outgrow its original location and facilities, making a move to a new, larger site necessary.

Don’t forget to consult with an insurance professional as part of researching that new location, however. The results can be either advantageous or detrimental to your ongoing financial health.

Any change in how a business operates – including where it positions its facilities, equipment, and personnel – requires an analysis of coverage. Physical location can be impacted – either positively or negatively – by factors including:

• The likelihood of severe weather, like hurricanes, windstorms, tornadoes, or hail.
• Does the property sit in a floodplain? Is flooding becoming more common due to the effects of climate change?
• Whether the area shows a statistical trend regarding crime, vandalism, and theft.
• The condition of existing infrastructure, such as plumbing, electrical wiring, and HVAC, as these help to determine the chances of causing fire or water damage.

Similarly, a new service or line of products pursued as part of a business’ expansion plans also introduce new variables in terms of number of employees, equipment needed, safety procedures, and much more – all of which need to be incorporated into a package providing the best insurance coverage possible.

“New” in the world of business should mean “better.” To safeguard your investment on the road to improving your overall performance, make sure you have the right insurance protections in place, as well.

Contact the professionals at Evergreen 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.

If you own a business and an employee gets in an accident on company time with someone who is uninsured, it can put a lot of strain on you and your company. Uninsured motorist and underinsured motorist coverage can be very helpful in these situations. Click on the image to download or print the information sheet.