Chief strategy officer with Sevco Security, security industry entrepreneur, board advisor, investor and author. getty Amid the steady onslaught of costly ransomware and other attacks, cyber insurance is more important than ever for businesses. A company can implement proper security controls and meet regulatory mandates, but breaches still happen—and when they do, cyber insurance can…
Tag: Costs
Review business insurance policies with an agent to minimize rising costs
Listen to this article When it comes to insurance, overall costs to businesses continue to rise. U.S. commercial insurance rates continued to increase at slightly more than 6% in the second quarter of 2023 according to WTW’s Commercial Lines Insurance Pricing Survey. All lines saw rate increases except workers’ compensation, directors’ and officers’ liability, and…