We are more connected than ever. Cell phones, tablets, laptops, desktops, television and family gaming systems, etc., connect us in ways we never imagined. Criminals know the information accessed by your family is valuable. They can steal passwords, data, money, identities and make life miserable.
FIVE REASONS YOU NEED CYBER PROTECTION:
- Be Prepared
- Your Family Is Important and Everyone is a Target
- More Connections— More Risk
- The Threat Is Real
- Password Protected
Cyber Protection provides coverage for real-life scenarios that can harm those closest to you:
- Extortion Threat
- Social Engineering
- Cyber Bullying Response
- Identity Threat
- System Compromise
- Internet Cleanup
- Breach Costs
Even worse than the financial losses and headaches of restoring data, is the threat of cyber bullying and reputational harm. Please call your account manager should you wish to discuss further.
Cyber security insurance protects businesses against targeted attacks and even the occasional misplaced laptop containing confidential material. The best cyber security strategy takes a three-pronged approach: prevent, detect and mitigate risk.
Today’s business technology opens a world of possibilities but also raises some cyber security concerns. Threats of data breaches and computer hacks are real for all businesses, yet seven in ten businesses are not prepared for a cyberattack. With hackers becoming bolder and cyberattacks getting bigger and more frequent each year, business owners must take control of their computer security and protect themselves.
Cyber security insurance provides both large and small businesses the coverage they need to protect one of their most valuable assets – data.
Immediate Support After a Cyberattack:
- Data breach response: This covers your cost of computer forensics, the notification of those affected, call center support for those affected, identity protection services and crisis management and public relations support.
- Cyber Extortion: This covers the cost of expert assistance and ransom payment.
- Data Recovery: This covers the cost to replace, restore, repair or regain access to your data after a data breach, security failure or extortion threat.
Following Months After A Cyberattack:
- Business Interruption: This covers losses from total or partial interruption of your business because of a data breach, security failure or extortion threat.
- Dependent Business Interruption: This covers losses sustained due to a total or partial interruption of your business because of a data breach, security failure or extortion threat at an outsourced process or IT services supplier which you depend on to operate your business.
- System Failure Business Interruption: This covers losses sustained due to the total or partial interruption of your business because of any unintentional or unplanned outage of your computer system not caused by a data breach or security failure.
- Cyber Crime: This covers for the loss of money from your financial account due to fraudulent instruction by a third party.
- Cyber Deception: This covers for the loss of money because of a social engineering or phishing attack against you which results in your voluntary transfer of money to an unintended third party.
- Privacy and Security Liability: This covers claims made against you that typically arise from your failure to protect sensitive information, including subsequent actions by a regulator.
Media Liability: This covers claims made against you that arise from the content of your website, social media and other promotional material.
The frequency and costs associated with fires highlight the need to understand the major causes of home fires. With residential fires occurring every 88 seconds, it is important to identify risks early to prevent significant losses. In observance of Fire Prevention Week, Thorp & Trainer Insurance is sharing the 10 most common causes of home fires.
“Ever since organizations in the U.S. began tracking structure fires, we have been able to provide better suggestions to help prevent fire-related accidents,” said Howard Thorp, President of Thorp & Trainer Insurance. “We are hopeful that homeowners will be able to use these insights to help keep their families safe.”
According to the Insurance Information Institute, structure fires are more likely to occur on residential properties. While it is challenging to list every leading cause of home fires, certain causes are more likely to occur, the U.S. Fire Administration reports.
Here is the list of the 10 most common causes of home fires, and how to avoid them:
Unattended cooking is the leading cause of home fires. Fires are more likely to occur around Thanksgiving and Christmas when hosts are busy entertaining guests.
Homeowners fire up their heating equipment every year without performing regularly scheduled maintenance. It is typically recommended to schedule an inspection of furnaces and boilers every year.
Hosting a barbeque can be dangerous if homeowners don’t understand basic safety precautions when using a grill. Flare ups, the placement of the grill, and improper propane maintenance could all lead to a home fire.
Electrical fires are among the top causes of residential fires, especially during the winter. As the days get colder, families may not realize that equipment like space heaters should never be connected to extension cords, which can catch on fire from being used improperly.
Not to be confused with inadequate wiring, electrical equipment fires are usually referring to incidents where damaged wires cause sparks. Homeowners should always check the condition of cords.
While the prevalence of careless smoking has declined because less people smoke, cigarette butts are known to cause fires. Having an ashtray handy for guests to sit outside could help you prevent a fire.
With Halloween around the corner, homeowners should consider safer alternatives to lighting Jack-O-Lanterns. Homeowners should also be mindful of candles that are lit during other festive holidays.
Turpentine and paint thinners are just a few of the flammable liquids that can easily cause a fire. Many DIY homeowners may not know how to properly handle these substances during projects, which could lead to a fire.
Christmas Light Decorations
If Christmas trees are not regularly watered, they can become dry and ignite from the heat generated from decorations. Fire safety experts always recommend that homeowners remove trees from their home as soon as the holiday is over.
Children Playing with Fire
Children may accidently cause a home fire because of their curiosity with flames. To help prevent this from happening, homeowners are encouraged to keep lighters and matches out of reach. As an added measure, homeowners can secure stove handles.
Understanding the common causes of fires can help homeowners identify and address potential risks for fires. As we head into the colder season, Thorp & Trainer Insurance encourages homeowners to be mindful of these hazards to help keep your family members and guests safe. If you have questions about your insurance policy, we encourage you to speak with one of our insurance agents at (401) 596-0146.
Line Coverage is an optional endorsement which provides payment for loss or
damage resulting from a service line failure. A service line constitutes
underground piping and wiring that is located at the residence premise and
produces a service, such as delivering water or power to the dwelling or other
structure from a utility or private water supply. A service line failure is
physical damage that results in a leak, break, tear, rupture, collapse or
arcing of a covered service line. Without this endorsement, any cost of repair
or replacement are the full responsibility of the homeowner.
Line Coverage can be purchased for less than $50 per year and is likely subject
to a smaller deductible than on your existing homeowners’ policy. At Thorp
& Trainer Insurance,
always looking for additional ways to safeguard our policyholders. To see if
your policy is eligible for this unique coverage, please contact our office to
Line Coverage is a relatively new and innovative endorsement that can be added
to some homeowner’s insurance policies