Cyber attacks are common and damaging for businesses. Yet many businesses do not have a sufficient cyber attack response plan of what to do in the event of a cyber attack. Even with the increasing frequency and cost of cyber incidents, as many as 34% of businesses don’t have a formal response plan applied uniformly across their entire
For modern businesses and organizations, working with vendors is key. Specialized vendors help increase efficiency, meet the needs of customers and communities and positively impact growth and economics. Yet working with vendors also involves challenges, such as the need to manage risk and minimize exposure.
The right level of insurance protection for both you and the vendor is key, so that both parties
At Lockton Affinity, we custom tailor, implement and manage insurance solutions for a wide variety of industries. Along with customized insurance programs, we provide risk management resources, too.
Find your industry below to browse risk management tips that apply to you and your organization.
Find Risk Management Tips for Your Industry
The day-to-day duties of financial professionals are changing rapidly. With more and more solutions available for clients and vast regulatory reform, the role of financial professionals will continue to change.
One way to protect yourself and the additional roles you take on is Errors and Omissions (E&O) insurance with Fiduciary Coverage.
What is E&O Insurance?
E&O Liability Insurance covers the cost of certain legal fees,
Sometimes, good lawyers can make mistakes. Whether a signature gets missed on a critical document or the wrong procedure is followed for an appeal, mistakes can happen. Unfortunately, malpractice claims – both legitimate and not – can happen to you, despite your years of experience.
In the event a claim is filed against you for the services or advice you provided, follow these
Whether you are a CPA, an investment advisor or a banking professional, you are at risk of being sued for the services you provide. From disgruntled clients to fiduciary liability or even typos, you’ll want the right coverage in place to protect you and your career. While you hope to never be sued, it is important to know how to report a
Whether you are an investment advisor, a lawyer or an accountant, it is important to minimize risk in the financial industry. Protect your business and clients from everyday risks with these best practices:
Screen Your Clients
Landing a new client is often the result of weeks or even months of hard work. While the idea of a new prospect is exciting, it is important
Unfortunately, cyber-attacks against accounting firms are not unusual. Because firms store large amounts of clients’ personal and financial data, they are at a heightened risk for cyber-attacks. Malware, ransomware, phishing and other breaches are becoming common place.
Despite all the information accounting firms are responsible for, they typically have few layers of cyber protection to guard against theft. Take action to protect your
Companies in the financial industry are increasingly vulnerable to the menace of cybercrime. Cyber criminals are smart, and even businesses that take preventive measures can still find themselves vulnerable to a determined hacker. Learn all you need to know about protecting your company and clients with these frequently asked questions.
What is Cyber Liability Insurance?
Cyber Liability insurance is designed to mitigate loss from