Cutting through the insurance jargon!

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Cutting through the insurance jargon!"

Transcription

1 Cutting through the insurance jargon! Babbar Abbas October 2015

2 Who I am Babbar Abbas Worked in insurance for 7 years worked at Aon for 5 years Worked with numerous non-profit organisations varying in size and complexity. 29 years old - enjoy badminton, reading and cocktails

3 What I ll be discussing today What do I plan to talk to you about today? Making insurance simple. In particular the types of insurance, as a charity, you may need and why?

4 Business Interruption insurance What are the benefits of business interruption insurance? If there s an unexpected event that derails your operation, business interruption insurance aims to get your charity back to the same trading position it was in before the event occurred. Your charity could be interrupted by a flood, fire, storm or other unexpected event. Your property insurance would cover you against any damage to your premises. Business interruption insurance can cover you against the damage to your profits.

5 Business Interruption insurance continued Business interruption insurance can cover you against the temporary loss of revenue caused by your charity having to stop trading for a while. It could also cover any additional expenses involved in keeping your business going. For example, you might have to move to alternative premises or hire extra staff. Any profits lost as a result of equipment failure can also be covered by business interruption insurance.

6 Employers Liability insurance What are the benefits of employers liability insurance? Employers liability insurance can protect your charity against claims made by employees who have been accidentally injured or become ill as a result of working for you.

7 Employers Liability insurance continued Easy access to no win no fee legal services only increases the likelihood that an employee will make a claim against you for an illness they say has been caused by work. It s even possible that someone could make a claim after they have stopped working for you, saying that a work-related illness has only shown up months later. Employers liability insurance can cover you against compensation costs, legal fees and medical expenses.

8 Public Liability insurance What are the benefits of public liability insurance? Public liability insurance can protect your charity from claims made against it by members of the public. People could make a compensation claim against you if they are injured or their property is damaged as a result of something that happens on your business premises or at an event you ve organised. Anyone working for you could trigger a public liability claim against your charity if they do something at work which injures or even kills a member of the public.

9 Public Liability insurance continued Public liability insurance can protect you against claims made by clients and contractors as well as members of the public. It doesn t protect you against claims made by employees for this, you would need employers liability insurance. Public liability insurance can cover your business against not just compensation payments but also legal fees and medical expenses.

10 Directors and Officers Liability insurance What are the benefits of directors and officers (D&O) liability insurance Directors & officers liability insurance can protect your senior people against compensation claims made against them by shareholders, investors, employees, regulators or interested third parties. These claims are concerned with alleged acts of professional negligence and not intentionally committed illegal acts.

11 Directors and Officers Liability insurance continued D&O insurance can cover your directors and key managers from breaches of the criminal law and the civil law as well as infringements of best practice regulations. It can cover your senior people against any awards for damages, fines and legal fees involved in claims made against them as professional individuals. It does not cover your business as a whole.

12 And finally Cyber Liability insurance What are the benefits of cyber liability insurance? Cyber liability insurance can protect your charity against the financial losses caused by breaches of your network security, infringements of data protection laws, employee abuse of or libellous content on your website. These losses might be revenue losses or they might be fines.

13 Cyber Liability insurance continued Viruses, malware and identity theft are common causes of electronic damage. Cyber liability insurance can protect your charity not just against external attacks, but also against unintentional damage caused to third parties by your own electronic communications. Cyber liability insurance can also cover the costs of data restoration, reputation management and crisis management in the wake of an incident.

14 Thank You

Factsheet 18: Insurance

Factsheet 18: Insurance Factsheet 18: Insurance When considering insurance, it can be difficult to know what is necessary and appropriate for the needs of your organisation. There are a few basic types of insurance that most

More information

Public charities are all 501(c)(3) but have various missions. Each mission carries significant risks and innocuous risks. Amount of risk depends upon:

Public charities are all 501(c)(3) but have various missions. Each mission carries significant risks and innocuous risks. Amount of risk depends upon: Public charities are all 501(c)(3) but have various missions. Each mission carries significant risks and innocuous risks. Amount of risk depends upon: Scale of operation: revenue, assets, staff. Town,

More information

BUSINESS IT S OUR TO LOOK AFTER YOUR BUSINESS. BUSINESS INSURANCE

BUSINESS IT S OUR TO LOOK AFTER YOUR BUSINESS. BUSINESS INSURANCE BUSINESS IT S OUR BUSINESS TO LOOK AFTER YOUR BUSINESS. 6830 11/13 Claims are dealt with on a case by case basis and are subject to the terms and conditions of the policy wording. For full details please

More information

INTRODUCTION TO RISK November 2015

INTRODUCTION TO RISK November 2015 INTRODUCTION TO RISK November 2015 Wendy Fletcher National Property & Casualty Leader, Small Medium Enterprises Teresa Lahey Underwriting Consultant, Small Medium Enterprises AGENDA Importance of a SME

More information

National Corporate Practice. Cyber risks explained what they are, what they could cost and how to protect against them

National Corporate Practice. Cyber risks explained what they are, what they could cost and how to protect against them National Corporate Practice Cyber risks explained what they are, what they could cost and how to protect against them what this briefing covers ff Introduction ff Section 1: What are the risks and the

More information

ASSOCIATION LIABILITY Broker Information. innovative insurance protection

ASSOCIATION LIABILITY Broker Information. innovative insurance protection ASSOCIATION LIABILITY Broker Information innovative insurance protection BROKER HIGHLIGHTS We Know Non-Profits: Through our strong links with the social service and community sector Rosser Underwriting

More information

Understanding insurance and risk management A guide for community groups who organise events

Understanding insurance and risk management A guide for community groups who organise events Understanding insurance and risk management A guide for community groups who organise events Introduction 1 This booklet aims to give general advice, assistance and provide further information on insurance

More information

SME BUSINESS INSURANCE MADE SIMPLE

SME BUSINESS INSURANCE MADE SIMPLE SME BUSINESS INSURANCE MADE SIMPLE Working with the profession to simplify the language of insurance PUTTING INSURANCE TO WORK Business insurance is about protecting your livelihood. For SMEs in particular,

More information

Insurance for Dentists. Insurance. In association with

Insurance for Dentists. Insurance. In association with Insurance for Dentists Insurance In association with It s refreshing to deal with real people who relate to me and understand dentists. Welcome As a dentist, we know that you understand the importance

More information

What A Nonprofit Organization Needs To Know About Insurance. Susan R. Smith. Beehive Insurance Agency, Inc.

What A Nonprofit Organization Needs To Know About Insurance. Susan R. Smith. Beehive Insurance Agency, Inc. the the the GOOD UGLY BAD& What A Nonprofit Organization Needs To Know About Insurance Susan R. Smith Beehive Insurance Agency, Inc. c o n t e n t s Introduction 1 General Liability 2 Professional Liability

More information

NonProfit 101. Notes: Session 1B: Insurance, What you do not know can hurt you! From Survivability to Sustainability. June 10, 2015 Session 1B page 1

NonProfit 101. Notes: Session 1B: Insurance, What you do not know can hurt you! From Survivability to Sustainability. June 10, 2015 Session 1B page 1 Session 1B: Insurance, What you do not know can hurt you! Notes: June 10, 2015 Session 1B page 1 Session 1B: Insurance, What you do not know can hurt you! Notes: June 10, 2015 Session 1B page 2 June 10,

More information

Managing risk. your essential guide to protecting your business.

Managing risk. your essential guide to protecting your business. Managing risk. your essential guide to protecting your business. As a business owner, you need to be confident your company is covered against any potential risk. No matter how safe a working environment

More information

HOME BUSINESS INSURANCE MADE SIMPLE

HOME BUSINESS INSURANCE MADE SIMPLE HOME BUSINESS INSURANCE MADE SIMPLE Working with the profession to simplify the language of insurance PRACTICAL HOME WORK For a growing number of people, working from home is an attractive option. It frees

More information

Managing Cyber Risk through Insurance

Managing Cyber Risk through Insurance Managing Cyber Risk through Insurance Eric Lowenstein Aon Risk Solutions This presentation has been prepared for the Actuaries Institute 2015 ASTIN and AFIR/ERM Colloquium. The Institute Council wishes

More information

SECURITY, CYBER AND NETWORK INSURANCE SECURING YOUR FUTURE

SECURITY, CYBER AND NETWORK INSURANCE SECURING YOUR FUTURE SECURITY, CYBER AND NETWORK INSURANCE SECURING YOUR FUTURE Businesses today rely heavily on computer networks. Using computers, and logging on to public and private networks has become second nature to

More information

Resource 2.7 Introduction to Insurance Cover for Business What insurance is compulsory for businesses? Employers' liability insurance

Resource 2.7 Introduction to Insurance Cover for Business What insurance is compulsory for businesses? Employers' liability insurance Page 1 of 5 Introduction to Insurance Cover for Business All businesses need to be insured against risks, such as the theft of equipment or workrelated injury to staff. If you run a small business you

More information

Think about health and safety. What elected members of local authorities need to know

Think about health and safety. What elected members of local authorities need to know Think about health and safety What elected members of local authorities need to know What does health and safety mean to you? This? Remember that there s much more to health and safety Why think about

More information

Business insurance. a practical guide. 13 12 49 smallbusiness.wa.gov.au The small business specialists BUILDING YOUR KNOWLEDGE

Business insurance. a practical guide. 13 12 49 smallbusiness.wa.gov.au The small business specialists BUILDING YOUR KNOWLEDGE Business insurance a practical guide BUILDING YOUR KNOWLEDGE Small Business Development Corporation 13 12 49 smallbusiness.wa.gov.au The small business specialists Business insurance Obtaining the right

More information

Includes office contents, furniture, fixtures, teaching and other equipment

Includes office contents, furniture, fixtures, teaching and other equipment This summary is intended as a simple guide to explain the main types (or classes) of insurance cover available to academies. We have included brief descriptions of the cover together with suggestions about

More information

Security & Privacy Current cover and Risk Management Services

Security & Privacy Current cover and Risk Management Services Security & Privacy Current cover and Risk Management Services Introduction Technological advancement has enabled greater working flexibility and increased methods of communications. However, new technology

More information

CCI s Must-Have Insurance Policies for Doctors

CCI s Must-Have Insurance Policies for Doctors CCI s Must-Have Insurance Policies for Doctors As a doctor, you help diagnose and treat injuries or illnesses. By examining patients, assessing their medical histories, prescribing medications, and ordering

More information

Insurance. for your small. business

Insurance. for your small. business Insurance for your small business @BritishInsurers As an employer, you are legally required to have Employers Liability Insurance. If you use motor vehicles for your business, you are legally required

More information

SMALL COMMERCIAL INSURANCE

SMALL COMMERCIAL INSURANCE SMALL COMMERCIAL INSURANCE Copyright 2015 by The Hartford. All rights reserved. No part of this document may be reproduced, published or posted without the permission of The Hartford. Agenda 1. The Basics:

More information

Business Owner s Policy (BOP)

Business Owner s Policy (BOP) A. BOP: What It Is B. BOP: Why You Need It C. BOP: What It Covers D. BOP: What It Costs E. BOP: Coverage Options F. BOP: Claims G. BOP: How To Buy It H. BOP: 10 Good Things To Ask About Business Owner

More information

Making insurance simple. Insight guide for non-profit organisations

Making insurance simple. Insight guide for non-profit organisations Making insurance simple Insight guide for non-profit organisations Contents 04 Introduction. 05 Compulsory insurance. 06 What types of insurance do you need? 07 Do you have employees? 08 Do you have volunteers?

More information

Restaurants & Hospitality

Restaurants & Hospitality TRADE NAME RESTORATION (TNR ) Business Interruption Coverage For Food Borne Illness Restaurants & Hospitality These Industries May Need More Than Just Traditional Coverages Policy Property General Liability

More information

The Voluntary, Community and Social Enterprise Sector - an insurance guide for individuals and organisations

The Voluntary, Community and Social Enterprise Sector - an insurance guide for individuals and organisations The Voluntary, Community and Social Enterprise Sector - an insurance guide for individuals and organisations Contents Foreword Introduction 1. Section 1 - Insurance required by law 1.1 Employers liability

More information

Insurance basics for nonprofit organizations

Insurance basics for nonprofit organizations Insurance basics for nonprofit organizations Updated: July 2012 This document is intended as general and abbreviated guidance for nonprofit organizations. Because every organization s insurance needs are

More information

GUIDE TO CHARITY INSURANCE

GUIDE TO CHARITY INSURANCE GUIDE TO CHARITY INSURANCE What insurance does your charity need? Public liability insurance Employers liability insurance Trustee liability insurance Professional indemnity insurance Other covers to consider

More information

Medical Insurance Solutions

Medical Insurance Solutions Medical Insurance Solutions The head of our medical division is an ex medical professional of over 15 years, which we feel adds additional strength and value to our proposition as you are dealing with

More information

Insurance for Startups:

Insurance for Startups: Insurance for Startups: What do you need, and when? Disclaimer: The following information is being provided for educational purposes only. The information contained is not exhaustive, and is not meant

More information

This section of the Guide sets out the LA s current mandatory minimum requirements, also recommended insurance and optional insurance.

This section of the Guide sets out the LA s current mandatory minimum requirements, also recommended insurance and optional insurance. 9. INSURANCE 9.1 INTRODUCTION The Council has delegated to schools costs in respect of the full range of insurance cover with the exception of public liability for community schools. It is for the Governing

More information

Policy Considerations for Covering Special Exposures. Claire Lee Reiss Program Director National League of Cities Risk Information Sharing Consortium

Policy Considerations for Covering Special Exposures. Claire Lee Reiss Program Director National League of Cities Risk Information Sharing Consortium Policy Considerations for Covering Special Exposures Claire Lee Reiss Program Director National League of Cities Risk Information Sharing Consortium Special exposures Coverage that targets a loss with

More information

BUSINESS LIABILITY INSURANCE MADE SIMPLE

BUSINESS LIABILITY INSURANCE MADE SIMPLE BUSINESS LIABILITY INSURANCE MADE SIMPLE Working with the profession to simplify the language of insurance DON T LET YOUR BUSINESS BECOME A LIABILITY If your business is responsible for injuring someone,

More information

An Insurance Overview for New Jersey Non-Profits

An Insurance Overview for New Jersey Non-Profits An Insurance Overview for New Jersey Non-Profits The purpose of this article is to provide New Jersey non-profits with an up-to-date introduction guide to buying insurance: how to decide if you need insurance

More information

Managing Your Cyber & Data Risk 2010 NTA Convention Montreal, Quebec

Managing Your Cyber & Data Risk 2010 NTA Convention Montreal, Quebec Managing Your Cyber & Data Risk 2010 NTA Convention Montreal, Quebec Jeremy Ong Divisional Vice-President Great American Insurance Company November 13, 2010 1 Agenda Overview of data breach statistics

More information

Mitigating and managing cyber risk: ten issues to consider

Mitigating and managing cyber risk: ten issues to consider Mitigating and managing cyber risk: ten issues to consider The board of directors is responsible for managing and mitigating risk exposure. A recent study conducted by the Ponemon Institute 1 revealed

More information

Reputation Risk. Challenges for the insurance market. Emerging risks workshop AIRMIC conference - 12 June 2012. Prof Garry Honey - Chiron

Reputation Risk. Challenges for the insurance market. Emerging risks workshop AIRMIC conference - 12 June 2012. Prof Garry Honey - Chiron Reputation Risk Challenges for the insurance market Prof Garry Honey - Chiron Emerging risks workshop AIRMIC conference - 12 June 2012 content 1. What is reputation risk? - can it be measured, managed

More information

UNIVERSITY OF STIRLING SUMMARY OF INSURANCE. Insured and description of business. Our policies are held in the name of:-

UNIVERSITY OF STIRLING SUMMARY OF INSURANCE. Insured and description of business. Our policies are held in the name of:- UNIVERSITY OF STIRLING SUMMARY OF INSURANCE Insured and description of business Our policies are held in the name of:- UNIVERSITY OF STIRLING AND/OR SUBSIDIARY COMPANIES Subsidiary Companies SURA Ltd Machrihanish

More information

Data Protection and Information Security. Procedure for reporting a breach of data security. April 2013

Data Protection and Information Security. Procedure for reporting a breach of data security. April 2013 Data Protection and Information Security Procedure for reporting a breach of data security April 2013 Page 1 of 6 Created on: 01/04/2009 Contents 1 Introduction... 3 2 Data Classification... 3 3 What Is

More information

guide to insurance programmes

guide to insurance programmes The Towergate Interim Manager guide to insurance programmes Interimwomen.com is a trading name of Russam GMS Ltd which is an Introducer Appointed Representative of Towergate Underwriting Group Limited.

More information

YOUR TRUSTED PARTNER IN A DIGITAL AGE. A guide to Hiscox Cyber and Data Insurance

YOUR TRUSTED PARTNER IN A DIGITAL AGE. A guide to Hiscox Cyber and Data Insurance YOUR TRUSTED PARTNER IN A DIGITAL AGE A guide to Hiscox Cyber and Data Insurance 2 THE CYBER AND DATA RISK TO YOUR BUSINESS This digital guide will help you find out more about the potential cyber and

More information

The Mountaineering Council of Scotland and Perkins Slade. Civil Liability Insurance: Frequently Asked Questions

The Mountaineering Council of Scotland and Perkins Slade. Civil Liability Insurance: Frequently Asked Questions The Mountaineering Council of Scotland and Perkins Slade Civil Liability Insurance: Frequently Asked Questions MCofS and Perkins Slade have compiled these FAQs with the aim of providing clubs and individual

More information

An introduction to insurance cover for businesses

An introduction to insurance cover for businesses An introduction to insurance cover for businesses All businesses need to be insured against potential risks such as contractual disputes, accidental damage, fire, flood or theft and claims for negligence.

More information

SINGAPORE HEALTHCARE ENTERPRISE RISK MANAGEMENT CONGRESS 2014 - Data Breach : The Emerging Threat to Healthcare Industry

SINGAPORE HEALTHCARE ENTERPRISE RISK MANAGEMENT CONGRESS 2014 - Data Breach : The Emerging Threat to Healthcare Industry SINGAPORE HEALTHCARE ENTERPRISE RISK MANAGEMENT CONGRESS 2014 - Data Breach : The Emerging Threat to Healthcare Industry DATA BREACH A FICTIONAL CASE STUDY THE FIRST SIGNS OF TROUBLE Friday, 5.20 pm :

More information

GALLAGHER CYBER LIABILITY PRACTICE. Tailored Solutions for Cyber Liability and Professional Liability

GALLAGHER CYBER LIABILITY PRACTICE. Tailored Solutions for Cyber Liability and Professional Liability GALLAGHER CYBER LIABILITY PRACTICE Tailored Solutions for Cyber Liability and Professional Liability Are you exposed to cyber risk? Like nearly every other business, you have probably capitalized on the

More information

DRIVING WITH CONFIDENCE

DRIVING WITH CONFIDENCE MAKING SENSE OF CAR INSURANCE 1 DRIVING WITH CONFIDENCE MAKING SENSE OF CAR INSURANCE 2007 1 MAKING SENSE OF CAR INSURANCE MAKING SENSE OF CAR INSURANCE 2 WHY IT IS IMPORTANT TO HAVE INSURANCE If you cause

More information

Insurance in Private Practice March 2015

Insurance in Private Practice March 2015 Insurance in Private Practice March 2015 Important information AMA Queensland Insurance Solutions is a trading name of KSLR Pty Ltd, a Corporate Authorised Representative of Insurance Advisernet Australia

More information

Pro-Form Sinclair Professional - Newsletter

Pro-Form Sinclair Professional - Newsletter Pro-Form Sinclair Professional - Newsletter Pgfgf Insurance Requirements Go Both Ways The following material is provided for informational purposes only. Before taking any action that could have legal

More information

S.I.A Sydney Safety Conference

S.I.A Sydney Safety Conference S.I.A Sydney Safety Conference Harmonised Work Health and Safety Laws Presenter: Bill Kritharas, Partner Date: 23 October 2012 adelaide brisbane canberra melbourne newcastle perth sydney upper hunter Introduction

More information

Protecting Your Assets: How To Safeguard Your Fund Against Cyber Security Attacks

Protecting Your Assets: How To Safeguard Your Fund Against Cyber Security Attacks Protecting Your Assets: How To Safeguard Your Fund Against Cyber Security Attacks Hacks, breaches, stolen data, trade secrets hijacked, privacy violated, ransom demands made; how can you protect your data

More information

8 WAYS TO SAVE MONEY ON BUSINESS INSURANCE. Reduce Your Risk While Saving Money

8 WAYS TO SAVE MONEY ON BUSINESS INSURANCE. Reduce Your Risk While Saving Money 8 WAYS TO SAVE MONEY ON BUSINESS INSURANCE Reduce Your Risk While Saving Money Reduce Your Risk While Saving Money Few businesses have the financial resources to self-insure against large risks, such as

More information

Internet Gaming: The New Face of Cyber Liability. Presented by John M. Link, CPCU Cottingham & Butler

Internet Gaming: The New Face of Cyber Liability. Presented by John M. Link, CPCU Cottingham & Butler Internet Gaming: The New Face of Cyber Liability Presented by John M. Link, CPCU Cottingham & Butler 1 Presenter John M. Link, Vice President jlink@cottinghambutler.com 2 What s at Risk? $300 billion in

More information

With property insurance you can buy either actual cash value or replacement cost insurance.

With property insurance you can buy either actual cash value or replacement cost insurance. 1 of 6 12/9/2010 10:52 PM Introduction to Property Insurance Tips & Considerations Concerning Property Insurance Introduction to Liability Insurance Tips & Considerations Concerning Liability Insurance

More information

Insurance for small businesses

Insurance for small businesses Simply Business THE SIMPLY BUSINESS GUIDE TO Insurance for small businesses Guide #2 The UK s biggest business insurance provider 2 3 Contents 01 Finding a provider The role of insurance brokers and aggregators,

More information

THE NATIONAL ASSOCIATION OF DECORATIVE & FINE ARTS SOCIETIES

THE NATIONAL ASSOCIATION OF DECORATIVE & FINE ARTS SOCIETIES THE NATIONAL ASSOCIATION OF DECORATIVE & FINE ARTS SOCIETIES NADFAS HOUSE, 8 Guildford Street, London WC1N 1DA Tel: 020 7430 0730 Fax: 020 7242 0686 E-mail: enquiries@nadfas.org.uk Registered Charity No.

More information

To: Our Valued Clients From: Agency Name Re: Gap Letter

To: Our Valued Clients From: Agency Name Re: Gap Letter To: Our Valued Clients From: Agency Name Re: Gap Letter From time to time, we mail a notice to our clients (past, current, and potential) called a Gap Letter. The purpose of this letter is to inform you

More information

NZI LIABILITY CYBER. Are you protected?

NZI LIABILITY CYBER. Are you protected? NZI LIABILITY CYBER Are you protected? Any business that operates online is vulnerable to cyber attacks and data breaches. From viruses and hackers to employee error and system damage, your business is

More information

LMCIT Service Contract Insurance Recommendations

LMCIT Service Contract Insurance Recommendations LMCIT Service Contract Insurance Recommendations The type and amount of insurance should be determined on a case-by case basis dependent upon various factors such as the scope of work and the potential

More information

Privacy Liability & Data Breach Management Nikos Georgopoulos Cyber Risks Advisor cyrm October 2014

Privacy Liability & Data Breach Management Nikos Georgopoulos Cyber Risks Advisor cyrm October 2014 Privacy Liability & Data Breach Management Nikos Georgopoulos Cyber Risks Advisor cyrm October 2014 Nikos Georgopoulos Privacy Liability & Data Breach Management wwww.privacyrisksadvisors.com October 2014

More information

PROVINCIAL C.G.L D&O ACCIDENT PROPERTY CLUB LEVEL. C.G.L (premises) D&O PROPERTY

PROVINCIAL C.G.L D&O ACCIDENT PROPERTY CLUB LEVEL. C.G.L (premises) D&O PROPERTY PROVINCIAL C.G.L D&O ACCIDENT PROPERTY CLUB LEVEL C.G.L (premises) D&O PROPERTY A CGL is the major liability policy for Canadian businesses and nonprofit organizations. The CGL provides coverage for a

More information

Incisive Business Guide to Business Insurance

Incisive Business Guide to Business Insurance Incisive Business Guide to Business Insurance Business Insurance Guide Summary This guide from Incisive Business outlines the features and benefits for your business from taking out business insurance.

More information

Insurance Requirements for You and Your Client

Insurance Requirements for You and Your Client Insurance Requirements for You and Your Client Experienced clients often present a list of insurance requirements for their environmental consultants. Sometimes, these are presented in the form of mandatory,

More information

The CFO s Guide to Document Retention: What Records to Keep and How Long?

The CFO s Guide to Document Retention: What Records to Keep and How Long? The CFO s Guide to Document Retention: What Records to Keep and How Long? Abstract Chief Financial Officers must organize all of a business financial paperwork in order to protect the business from penalties,

More information

Cyber Insurance Presentation

Cyber Insurance Presentation Cyber Insurance Presentation Presentation Outline Introduction General overview of Insurance About us Cyber loss statistics Cyber Insurance product coverage Loss examples Q & A About Us A- Rated reinsurance

More information

APIP - Cyber Liability Insurance Coverages, Limits, and FAQ

APIP - Cyber Liability Insurance Coverages, Limits, and FAQ APIP - Cyber Liability Insurance Coverages, Limits, and FAQ The state of Washington purchases property insurance from Alliant Insurance Services through the Alliant Property Insurance Program (APIP). APIP

More information

RLI PROFESSIONAL SERVICES GROUP PROFESSIONAL LEARNING EVENT PSGLE 125. When Disaster Strikes Are You Prepared?

RLI PROFESSIONAL SERVICES GROUP PROFESSIONAL LEARNING EVENT PSGLE 125. When Disaster Strikes Are You Prepared? RLI PROFESSIONAL SERVICES GROUP PROFESSIONAL LEARNING EVENT PSGLE 125 When Disaster Strikes Are You Prepared? Copyright Materials This presentation is protected by US and International Copyright laws.

More information

The potential legal consequences of a personal data breach

The potential legal consequences of a personal data breach The potential legal consequences of a personal data breach Tue Goldschmieding, Partner 16 April 2015 The potential legal consequences of a personal data breach 15 April 2015 Contents 1. Definitions 2.

More information

In any relationship it s important to CLICK. Liability Insurance for Independent Contractors

In any relationship it s important to CLICK. Liability Insurance for Independent Contractors In any relationship it s important to CLICK. Liability Insurance for Independent Contractors Brought to you by Why risk everything when ContractorCover is so affordable? Working for yourself can be hugely

More information

Bowls England. Civil Liability Protection. 1 April 2016-31 March 2017

Bowls England. Civil Liability Protection. 1 April 2016-31 March 2017 Bowls England Civil Liability Protection 1 April 2016-31 March 2017 When things happen that are out of your control, it s important to have the right insurance in place protecting you and your club from

More information

Desktop Scenario Self Assessment Exercise Page 1

Desktop Scenario Self Assessment Exercise Page 1 Page 1 Neil Jarvis Head of IT Security & IT Risk DHL Page 2 From reputation to data loss - how important is business continuity? Neil Jarvis Head of IT Security (EMEA) DHL Logistics IT Security Taking

More information

DATA BREACH BREAK DOWN LESSONS LEARNED FROM TARGET

DATA BREACH BREAK DOWN LESSONS LEARNED FROM TARGET DATA BREACH BREAK DOWN LESSONS LEARNED FROM TARGET 2014 NSGA Management Conference John Webb Jr., CIC Emery & Webb, Inc. Inga Goddijn, CIPP/US Risk Based Security, Inc. Not just a big business problem

More information

Compensation for Occupational Injuries and Diseases Act 130 of 1993 (COIDA)

Compensation for Occupational Injuries and Diseases Act 130 of 1993 (COIDA) Compensation for Occupational Injuries and Diseases Act 130 of 1993 (COIDA) Topic: Labour/Health and Safety IN A CALABASH Introduction Unfortunately, accidents in the workplace do happen. This may be due

More information

Bowls England. Civil Liability Protection. 1 April 2015-31 March 2016

Bowls England. Civil Liability Protection. 1 April 2015-31 March 2016 Bowls England Civil Liability Protection 1 April 2015-31 March 2016 When things happen that are out of your control, it s important to have the right insurance in place - protecting you and your club from

More information

Cyber Exposure for Credit Unions

Cyber Exposure for Credit Unions Cyber Exposure for Credit Unions What it is and how to protect yourself L O C K T O N 2 0 1 2 www.lockton.com Add Cyber Title Exposure Here Overview #1 financial risk for Credit Unions Average cost of

More information

Mountaineering Council of Scotland Club and Individual Member Civil Liability Insurance Frequently Asked Questions.

Mountaineering Council of Scotland Club and Individual Member Civil Liability Insurance Frequently Asked Questions. Mountaineering Council of Scotland Club and Individual Member Civil Liability Insurance Frequently Asked Questions What is Civil Liability insurance? General Questions Civil Liability Insurance provides

More information

UNEXPECTED SOME PROBLEMS COME FROM THE MOST OF PLACES. PROFESSIONAL INDEMNITY INSURANCE. www.hiscoxgroup.com

UNEXPECTED SOME PROBLEMS COME FROM THE MOST OF PLACES. PROFESSIONAL INDEMNITY INSURANCE. www.hiscoxgroup.com PROFESSIONAL INDEMNITY INSURANCE SOME PROBLEMS COME FROM THE MOST UNEXPECTED OF PLACES. www.hiscoxgroup.com 10025 08/14 Claims are dealt with on a case by case basis and are subject to the terms and conditions

More information

What Is Business Insurance? What Does Business Insurance Cover? How Does Business Insurance Work?

What Is Business Insurance? What Does Business Insurance Cover? How Does Business Insurance Work? What Is Business Insurance? Business insurance includes a broad range of policy options designed to protect a business from financial loss. Every commercial operation has its own unique set of risks, which

More information

THE HIGHEST DEGREE OF PROTECTION FOR PRIVATE EDUCATION. Prepare. Protect. Prevail. With The Hartford ṢM PRIVATE EDUCATION INDUSTRY INSURANCE

THE HIGHEST DEGREE OF PROTECTION FOR PRIVATE EDUCATION. Prepare. Protect. Prevail. With The Hartford ṢM PRIVATE EDUCATION INDUSTRY INSURANCE THE HIGHEST DEGREE OF PROTECTION FOR PRIVATE EDUCATION. Business Insurance Employee Benefits Auto Home Prepare. Protect. Prevail. With The Hartford ṢM You make decisions every day that require a higher

More information

Cybercrime: risks, penalties and prevention

Cybercrime: risks, penalties and prevention Cybercrime: risks, penalties and prevention Cyber attacks have been appearing in the news with increased frequency and recent victims of cybercrime have included well-known companies such as Sony, LinkedIn,

More information

Insurance for Startups:

Insurance for Startups: Insurance for Startups: What do you need, and when? Disclaimer: The following information is being provided for educational purposes only. The information contained is not exhaustive, and is not meant

More information

Update to your Vero MotorPlan policy

Update to your Vero MotorPlan policy Update to your Vero MotorPlan policy As a result of a change brought about by the Sentencing Amendment Act 2014, we would like to bring to your attention an update to our Vero MotorPlan policy wording.

More information

The legal regulation of OHS

The legal regulation of OHS The legal regulation of OHS Introduction This session will explore how the law is used to regulate occupational health and safety. The entire course is intended to assist you to implement the Occupational

More information

1 st April 2014-31 st March 2015

1 st April 2014-31 st March 2015 1 st April 2014-31 st March 2015 Authorised and regulated by the Financial Conduct Authority (No. 310883). A member of Sutton Group. Registered office: St. James House, Grosvenor Road, Twickenham, Middlesex

More information

What would you do if your agency had a data breach?

What would you do if your agency had a data breach? What would you do if your agency had a data breach? 80% of businesses fail to recover from a breach because they do not know this answer. Responding to a breach is a complicated process that requires the

More information

INSURANCE FOR VOLUNTARY ORGANIZATIONS ARE YOUR VOLUNTEERS AND CLIENTS COVERED?

INSURANCE FOR VOLUNTARY ORGANIZATIONS ARE YOUR VOLUNTEERS AND CLIENTS COVERED? INSURANCE FOR VOLUNTARY ORGANIZATIONS ARE YOUR VOLUNTEERS AND CLIENTS COVERED? BUSINESS INSURANCE VISIT IBC.CA Nearly 12 million Canadians or 45% of the population volunteer time through a group or organization,

More information

RISKY BUSINESS SEMINAR CYBER LIABILITY DISCUSSION

RISKY BUSINESS SEMINAR CYBER LIABILITY DISCUSSION RISKY BUSINESS SEMINAR CYBER LIABILITY DISCUSSION October 23, 2015 THREAT ENVIRONMENT Growing incentive for insiders to abuse access to sensitive data for financial gain Disgruntled current and former

More information

Gold Standard Insurance for NCS Trust Programme Deliverers What are the insurable risks to consider?

Gold Standard Insurance for NCS Trust Programme Deliverers What are the insurable risks to consider? Gold Standard Insurance for NCS Trust Programme Deliverers What are the insurable risks to consider? Working with large, diverse and growing numbers of young people, some of them could be quite vulnerable.

More information

English Ski Council Ltd t/a Snowsport England Civil Liability Frequently Asked Questions

English Ski Council Ltd t/a Snowsport England Civil Liability Frequently Asked Questions What is Civil Liability Insurance? English Ski Council Ltd t/a Snowsport England Civil Liability Frequently Asked Questions Civil Liability Insurance provides for legal liability following negligence,

More information

CERTIFICATE OF INSURANCE: WHAT YOU SHOULD KNOW

CERTIFICATE OF INSURANCE: WHAT YOU SHOULD KNOW INTERGOVERNMENTAL RISK MANAGEMENT AGENCY CERTIFICATE OF INSURANCE: WHAT YOU SHOULD KNOW PURPOSE: To assist individuals with reviewing and evaluation a Certificate of Insurance provided by outside entities

More information

Emergency Preparedness for Design Firms. RLI Design Professionals Design Professionals Learning Event DPLE 244 September 16, 2015

Emergency Preparedness for Design Firms. RLI Design Professionals Design Professionals Learning Event DPLE 244 September 16, 2015 Emergency Preparedness for Design Firms RLI Design Professionals Design Professionals Learning Event DPLE 244 September 16, 2015 RLI Design Professionals is a Registered Provider with The American Institute

More information

DAMAGE CONTROL: THE COST OF SECURITY BREACHES IT SECURITY RISKS SPECIAL REPORT SERIES

DAMAGE CONTROL: THE COST OF SECURITY BREACHES IT SECURITY RISKS SPECIAL REPORT SERIES DAMAGE CONTROL: THE COST OF SECURITY BREACHES IT SECURITY RISKS SPECIAL REPORT SERIES Kaspersky Lab 2 Corporate IT Security Risks Survey details: More than 5500 companies in 26 countries around the world

More information

summary of cover CHARITY AND COMMUNITY INSURANCE FOR THE VOLUNTARY, COMMUNITY AND CHARITABLE SECTOR Version 1

summary of cover CHARITY AND COMMUNITY INSURANCE FOR THE VOLUNTARY, COMMUNITY AND CHARITABLE SECTOR Version 1 summary of cover CHARITY AND COMMUNITY INSURANCE FOR THE VOLUNTARY, COMMUNITY AND CHARITABLE SECTOR Version 1 2 SUMMARY OF COVER CHARITY AND COMMUNITY INSURANCE Charity and Community Insurance Why choose

More information

Business Continuity Planning in IT

Business Continuity Planning in IT Introduction: Business Continuity Planning in IT The more your business relies on its IT systems, the more you need to consider how unexpected disruptions might affect your business. These disruptions

More information

Nine Steps to Smart Security for Small Businesses

Nine Steps to Smart Security for Small Businesses Nine Steps to Smart Security for Small Businesses by David Lacey Co-Founder, Jericho Forum Courtesy of TABLE OF CONTENTS INTRODUCTION... 1 WHY SHOULD I BOTHER?... 1 AREN T FIREWALLS AND ANTI-VIRUS ENOUGH?...

More information

Tools Conference Toronto November 26, 2014 Insurance for NFP s. Presented by Paul Spark HUB International HKMB Limited

Tools Conference Toronto November 26, 2014 Insurance for NFP s. Presented by Paul Spark HUB International HKMB Limited Tools Conference Toronto November 26, 2014 Insurance for NFP s Presented by Paul Spark HUB International HKMB Limited Topics Insurance Policies Basics Directors and Officers Liability Insurance Commercial

More information

Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/)

Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/) Glossary of Insurance Terms: (obtained from website: http://www.iii.org/individuals/glossary/alfa.l/) ACTUAL CASH VALUE A form of insurance that pays damages equal to the replacement value of damaged property

More information

You can trust us for a better insurance deal

You can trust us for a better insurance deal You can trust us for a better insurance deal We care about your insurance needs Your financial institution can help you with a range of MemberCare insurance that provides strong personal and financial

More information

Sport Recreation and Leisure Liability

Sport Recreation and Leisure Liability Underwritten by Sport Recreation and Leisure Liability Policy Summary Arranged by 2 Sport Recreation and Leisure Liability Policy Summary Sport Recreation and Leisure Liability Policy Summary The information

More information

MynxNet Broadband Terms and Conditions

MynxNet Broadband Terms and Conditions MynxNet Broadband Terms and Conditions Updated 10/12/15 Introduction These terms form the basis of the services provided by MynxNet (referred to as Mynx, Mynxnet, we, us, or our ) to yourself and your

More information