According to the Bureau of Labor Statistic’s Employer-Related Workplace Injuries and Illnesses News Release, which published on November 4, 2020, the total number of injuries per 100 full-time workers remained unchanged from the year before at 2.8 million. Accidents and injuries happen, but the common goal is to limit the number of injuries and keep employees as safe as possible. When an injury does happen, there is a process that is followed, and filing a Workers’ Compensation claim is typically an early part of that process.
The latest data from the Hiscox Cyber Readiness Report highlights an imbalance when it comes to the level of cyber expertise businesses in the US have versus their actions taken when a cyberattack occurs. Although being deemed as global “cyber experts,” US businesses are most likely to pay a ransom (as 71% of those targeted paid up). Phishing emails are the most common entry method for ransomware (60%), and businesses are still falling victim too often. Let’s explore how organizations are experiencing cyber threats and how they are responding to increase their readiness for next time.
One of the toughest parts of commercial insurance is identifying all of the exposures a business might have. I met with a new client yesterday, Darth Vader, who is the Operations Manager for a business called The Empire. It sounds like they have several operations, including security, as well as logistics, and project management. I collected some information and am trying to put together a submission for my underwriter.Read More
The majority of auto accidents are caused by driver error, whether it be following too closely, speeding, driving distracted, driving under the influence of alcohol or drugs, or any other variety of reasons. As a business owner, you have control over who’s operating your vehicles and you should take this responsibility seriously. Don’t underestimate the importance of making sure you are hiring a safe driver before you allow them to operate one of your fleets.
A recent poll found 92% of American adults have taken at least one big data security risk in the past year.  With identity theft on the rise, why are so many adults careless when it comes to protecting their privacy and data? It’s all too easy to let your guard down and leave your personal information open to hijacking and theft.
As the popularity of the internet and electronic devices continues to grow, so do the number of places where cybercriminals can find—and steal—our personal data. The rise in device ownership is also creating an enormous amount of e-waste. The World Economic Forum estimates that the world is currently producing 50 million tons of e-waste every year, and could reach 120 million tons by 2050.1
2020 was a year of extremes on many fronts. But just focusing on storm fronts, experts tell us the US experienced 22 separate billion-dollar weather-related disasters last year. At this writing, the Insurance Council of Texas anticipated that the state’s February 2021 extreme weather will result in the largest claim event in Texas history.
The only sectors to see this as anything but tragic? Shady contractors and outright scammers.
By Nathan Chunn
Most people are aware of the information that can be collected from a vehicle’s “black box.” However, the information that can be gained from the Infotainment Center in a vehicle is not as widely known.
Infotainment Data, also referred to as IVI, is the term used to describe the collection of hardware and software inside the vehicle’s computer, separate from the black box.
It seems like every day we are hearing of a new accident caused by distracted driving. Whether it was caused by someone texting, scrolling on their phone, or just not paying attention to the road, distracted driving accidents are all too frequent and often fatal.
In fact, according to NHTSA, distracted driving killed 3,142 people in 2019. That was a 10% increase from 2018. At what percentage are we as drivers going to start paying attention? Even more alarming is that drivers ages 16 to 24 seem to be the most distracted, as they tend to constantly use their cell phones will operating their vehicles.
Data privacy will be a top trend for businesses in 2021. Today, virtually every nation has enacted laws that impact data privacy—or they are actively considering them. Failure to protect customer and employee information can have costly consequences. Business leaders will need to stay on top of this highly complex and evolving area of compliance.