News

Homeowners Insurance Basics

Did you just buy a house? Congratulations! It’s important to protect your new investment, and a homeowners insurance policy is the number one way to do that. Not sure what a homeowners policy protects? We’ve got you covered! Click on the image to download or print the information sheet.

Occupational Accident Coverage

Truck drivers face long hours and inclement weather when on the job. If your business employs independently contracted drivers, it’s smart to provide occupational accident coverage to help protect them and your company in the event of injury and accidents. Click on the image to download or print the sheet for more information.

Playground Liabilities and Safety

Does your property have a playground? Playgrounds are a great place for families with children of all ages. When owning and maintaining a playground, it is essential that you balance fun and safety in order to mitigate liability for the inevitable playground injuries. Click on the image to download or print the safety sheet.

Insurers Are Partners in Mitigating Cyber Risk

Cybersecurity risks continue to expand nearly unabated. While it can feel like trying to hold back a tidal wave with a bath towel sometimes, effective tools do exist and can be easily accessed.

What must always be remembered is that a commitment to resilience and pre-emptive mitigation remains imperative. Insurers are well-positioned to serve not only as financial first responders but as partners in managing these evolving hazards, along with their business associates and partners.

According to the Insurance Information Institute, “The first line of defense is creating a robust cybersecurity system, training employees on how to identify a potential attack, encrypting company data, and enabling antivirus protection. With only half of businesses reporting a consistent encryption strategy, and the cost of data breaches continuing to rise, organizations must do more to protect themselves and their customers.”.

Some commonly seen cyber liability risks include:

  • Liability—You may be liable for costs incurred by customers and other third parties as a result of a cyber attack or other IT-related incident.
  • System recovery—Repairing or replacing computer systems or lost data can result in significant costs.
  • Notification expenses—In several states, if your business stores customer data, you’re required to notify customers if a data breach has occurred or is even just suspected.
  • Regulatory fines—Several federal and state regulations require businesses and organizations to protect consumer data.
  • Class action lawsuits—Large-scale data breaches have led to class action lawsuits filed on behalf of customers whose data and privacy were compromised.

To extend cyber liability insurance coverage requires the purchase a stand-alone cyber liability policy, customized for your business to cover several types of risk, including:

  • Loss or corruption of data.
  • Business interruption.
  • Multiple types of liability.
  • Identity theft.
  • Cyber extortion.
  • Reputation recovery.

Contact the professionals at Evergreen for more information and guidance on obtaining the proper level of cyber liability insurance coverage for your situation.

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.

Spring Flood Safety Tips

With heavy spring rains, the risk of flooding is higher this time of year. A flood can be devastating for your home or business, but there are steps you can take before and after the disaster that may minimize the damage. Click on the image to download or print the safety sheet.

Is Business Insurance Tax Deductible?

As a business owner, navigating the tax code for your business is difficult. Businesses are able to deduct ordinary and necessary business expenses, which include many forms of insurance. What types of business insurance are tax deductible? Click on the image to download or print the information sheet to learn more.