CYBER LIABILITY: Invoice (Manipulation) Fraud Coverage What is more important to a business than invoices? What would happen if a cyber attacker manipulated invoices to steal a business’ expected payments? Many businesses amend their cyber insurance to include invoice manipulation coverage to protect against this type of attack. Take for example when attackers infiltrate...Read More
It could be argued that there has been a sea change in the way Cyber Insurance is viewed by the average business owner. Without a doubt, it’s the most quickly growing segment of Insurance. Companies of all sizes are finally beginning to recognize its importance. Today, business exists in a world where electronic...Read More
Municipalities – One of the Toughest Classes of Business to Secure Cyber Insurance July first is known as one the busiest times of the year for municipal cyber insurance. Here at Founders Professional, we are seeing an influx in cyber submissions for this class. Municipalities and other government entities remain one of the toughest classes...Read More
How to Reactively Talk to Your Clients about Cyber Insurance By now, you may have spoken to your clients about their cyber exposures and perhaps even presented a quote for coverage. But they still aren’t convinced. To help you explain their cyber exposure and the value of cyber insurance as a form of protection,...Read More
How to Proactively Talk to Your Clients about Cyber Before talking about cyber insurance premiums and the coverage available, it’s important that clients first recognize some of the basic cyber risks faced by their business as many may not know where their major exposures lie or that insurance exists to cover them. To help...Read More
Endless Opportunities if You Know Where to Look Opportunities to write new business in the healthcare and life sciences sectors are endless. Focusing your efforts in these areas should prove to be extremely successful for any insurance agent. At Founders Professional, we pride ourselves on our specialization and expertise in the wholesale professional liability...Read More
Three of our Newest Insurance Markets for Your Risks Global Indemnity gbli.com Primary & Excess Rated “A” (Excellent) by AM Best Group Management Liability /Not-For-Profit PACKAGE PRODUCT (D&O, EPL, Fiduciary, Crime) A modular package policy for Privately Held, For Profit Companies and Non-Profit Organizations. Target small to middle market risks with up...Read More
Businesses of all sizes are experiencing cyber incidents at an alarming rate. Cyber-related losses like fraudulent wire transfers, phishing and ransomware attacks have become the focus of cyber criminals. Therefore, the need for cyber insurance (for businesses of all sizes) has never been greater. Cyber insurers look carefully at each potential client to make sure...Read More
THE SINGLE BEST PROTECTION AGAINST RANSOMWARE MFA can Save your Business from Malicious Ransomware and other Cyber Attacks Small businesses are exposed According to the department of Homeland Security approximately 50 – 75% of all ransomware breaches were against small businesses. With the rise in successful ransomware breaches, the associated costs of a ransomware...Read More
Cyber Insurance Threats and Underwriting Requirements Cyber insurance premiums are continuing to rise drastically in 2022. Insureds have seen premium increases from 50% to 400%. Premiums have increased due to a spike in claim frequency and severity. In the last 18 months, there have been many cyber breaches, but there are three that stand...Read More
