The Importance of Intellectual Property Insurance In today’s business landscape, intellectual property (IP) is a cornerstone asset, comprising a significant portion of company value; over 84% for S&P 500 firms. As the importance of IP grows, so does the need for intellectual property insurance. It is becoming essential for managing risks associated with IP disputes....Read More

A common mistake made by those who aren’t well-versed in claims-made coverage, and even those who are, is conflating a policy’s Pending and Prior litigation date with the Prior Acts date. The importance of understanding the difference between these two features is significant and can lead to significant E&O claims if not addressed properly. First,...Read More

  CrowdStrike Incident’s Ripple Effect on the Cyber Insurance Market Navigating the Aftermath: Lessons from the CrowdStrike Cyber Outage   On July 19th, the CrowdStrike cybersecurity incident reverberated across global financial institutions, airlines, healthcare facilities, and government offices, disrupting operations worldwide. According to CrowdStrike, a faulty sensor configuration update in its cybersecurity platform triggered the...Read More

The Importance of Cyber Insurance for Healthcare Systems   Recently, healthcare systems have been one of the top targets for threat actors – no surprise given the significant amount of confidential information they store. It’s important that these healthcare systems protect their providers and patient records by familiarizing themselves with State regulations, and how health...Read More

Automation Everywhere. But is it covered?   Do you remember a time when technology was an afterthought? When we didn’t have smart phones attached to our hips? When everything we interacted with wasn’t powered by technology and automation? Many of us were born in a time making us older than companies like Google, Amazon, or...Read More

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