Paid Ransomware Demands Fall Sharply as Businesses Wise Up
Businesses are getting better at beating ransomware extortionists and more victims are refusing to pay to unlock their systems, according to a new report. The ratio of ransoms that the cyber criminals demand to ransoms actually paid fell to just…
Employees Responsible for 85% of Trade Secret Theft
Trade secret theft by employees is a serious and growing problem in the U.S. According to an analysis of federal court cases, 85% of such theft is committed by employees or business partners. Lately, companies have been focusing on high…
Delays, Higher Insurance Costs Burden Owners, Contractors
Increasing construction project delays are combining with a hardening market for builder’s risk and liability insurance to create headaches for project owners and contractors. If your project suffers from delays, you may find it difficult or costly to extend the…
Holding a Safe End-of-Year Holiday Party
Last year, most companies cancelled their holiday parties as COVID-19 case rates started surging after the Thanksgiving holidays and as people started spending more time indoors. Cases have once again been rising in the run-up to December, so many businesses…
How to Handle a Premium Audit
It might be hard to fathom any type of audit being beneficial, but when your insurer conducts a premium audit for your account, it can just as important to you as it is to your carrier. When you were first…
Train Your Driving Staff for Rainy, Slippery Conditions
When it’s the rainy time of year, companies with driving employees and/or fleets need to double down on road safety. That means holding a training session on driving in the rain. While it may seem redundant, it’s an important exercise…
Commercial Insurance Rate Hikes to Continue in 2022
Rates for most commercial lines of insurance are likely to continue rising going into 2022, as claims costs mount across the board. A new report from Marketscout notes that rate increases have accelerated across all major lines, but have been…
Supply Chain Disruptions Keep Growing
As the COVID-19 pandemic drags on globally, supply chain disruptions continue getting worse and worse. Most main U.S. ports are logjammed with vessels waiting more than two weeks to load and unload, while a shortage of truckers means containers are…
You Can Be Sued if a Customer Harasses Your Staff
With confrontations between angry customers and employees just trying to do their jobs increasing during the COVID-19 pandemic, employers need to make sure they have policies in place to protect workers who are confronted. As well, many customer-facing companies —…