Cyber Liability Insurance: Are you properly covered in the event of a data breach?

It’s been happening more and more lately, big businesses such as Target, T.J. Maxx and more have been the targets of data breach. But it doesn’t just happen to large companies…small businesses are also at risk for these data breaches. According to IBM there were 1.5 million Cyber Attacks in the United States in 2013, and that is just businesses that knew about them!

How do cyber-attacks happen?

According to IAAPA’s Fun World magazine there are a variety of ways that data thieves are able to breach your data. These ways include attaching a hidden device to your credit card machine, using malware and taking advantage of the split second before the credit card data is encrypted. According to the Computer Security Institute 2 in 5 companies experienced a cyber-security issue in the last 12 months.

What kind of damage will a cyber-attack do to my business?

There are many ways that a cyber-attack can damage your business, the first being loss of reputation. If customers find out that their data was stolen they will be wary of doing any more business with your company. In the infographic below IBM shows just how a cyber-attack could affect your business financially.

IBM. http://www-935.ibm.com/services/us/en/it-services/security-services/data-breach/index.html

IBM. http://www-935.ibm.com/services/us/en/it-services/security-services/data-breach/index.html

What can I do to protect myself?

• Regularly have your systems scanned for the evidence of Malware
• Make sure that all credit card information is encrypted
• Never use default passwords
• Have an experienced IT professional make sure that you have the proper firewalls, and anti-virus protection
• IAAPA suggests deleting customer data from your system after a certain time period.

Even with all these steps in place a data breach can still occur. Make sure to obtain Cyber Liability Insurance to help with the financial loss of a Cyber Liability Attack. Cyber Liability is not covered under most business general liability policy. Contact us today at 864-688-0121 to talk about getting Cyber Liability coverage for your business.

Sources:

Funworld Magazine. “Preventing Data Theft”. http://www.iaapa.org/news/funworld/funworld-magazine/preventing-data-theft—june-2014

IBM. “Data breach statistics”. http://www-935.ibm.com/services/us/en/it-services/security-services/data-breach/index.html

Chubb. “Chubb 2012 Public Company Risk Survey: Cyber”. http://www.chubb.com/infographics/chubb3/index.html

Recent Bounce House Incident

The incident that happened regarding the inflatable bounce house flying away with children is horrible. It should never happen if you are dealing with a commercial inflatable device installed by professional, trained, and insured rental companies. Make sure that the company that you hire is trained and insured before you rent these inflatable devices. Be aware of the inflatable devices that you purchase from retail stores they are not built the same. Always follow instructions on operations and set up. If you are operating without insurance call the CIA 864-688-0121 and get insurance today!
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Older versions of Internet Explorer can cause security issues

Why you should upgrade

We have come across quite a few customers lately that are using old versions of Internet Explorer such as 6, 7 & 8. The current version of Internet Explorer is 11. While it may seem a nuisance to have to upgrade your internet browser there are many important reasons why you or your company should do so.

1) SECURITY ISSUES: Older browsers are much more vulnerable to security issues such as spyware & viruses. This is because the older browsers are no longer supported by Microsoft and do not receive important updates that would patch holes in vulnerability.

2) WEBSITE DISPLAY: If you are using a browser as old as IE6 or IE7 many websites are not displaying correctly for you. This is because there have been changes in modern website designs that are simply not supported in these older browsers. You may be missing some important information and it just makes websites look bad.

Smashing Magazine has a great example of how a website can differ between IE8 and newer browsers such as IE11, Chrome or Firefox. (Shown below)

krause-ie8

Website displayed using IE 8 (Illustration Credited to Smashing Magazine)

krause-chrome

The same website displayed using Chrome. (Illustration Credited to Smashing Magazine)

3) SPEED: Older browsers are also a lot slower. Have you noticed that when you are browsing websites your Internet Explorer crashes or freezes? This can also be solved by upgrading your internet browser.

Upgrading your browser is free and very fast. It should only take you a couple of minutes to upgrade. Below are links where you can download the newest versions of the most popular browsers.

Internet Explorer: http://windows.microsoft.com/en-us/internet-explorer/download-ie
Chrome: https://www.google.com/intl/en/chrome/browser/
Firefox: http://www.mozilla.org/en-US/firefox/new/

References:

Smashing Magazine. “Dear Web User Please Upgrade your Browser”. July 10th, 2012. http://www.smashingmagazine.com/2012/07/10/dear-web-user-please-upgrade-your-browser/

It’s Here! The CIA App is now available for Apple!

CIA Apple App
It’s finally here! After many weeks of waiting the CIA App is now available in the iTunes store for Apple devices!

The CIA App allows you to view your account, fill out renewal apps, contact your agent, request additional insured certificates & submit incident reports. Just another perk of being a customer with Cossio Insurance Agency!

Download for Apple

Download for Android

Download the New CIA mobile App for Android!

Our new mobile App for Android (coming soon for Apple) allows our customers an easier way to view their policies, get expiration reminders, contact their specific agents, request certificates & submit incident reports. Download it today, it’s FREE!CIA-AppAndroid

Family Entertainment Centers: Competing Against Technology

Girl Using Smart PhoneLet’s face it; today’s generation of children is becoming more and more dependent on technology such as iPads, smartphones & computers. How can Family Entertainment Centers compete with this? It’s hard enough for parent’s to get kids off of the couch & out of the digital world; let alone into your FEC center. In fact, in a study by Common Sense Media they found that 38% of kids under the age of 2 use tablets or smartphones and children up to the age of 8 are using tablets 5 times more than they were two years ago.

In an article by IAAPA’s “Fun World Magazine” they discuss some good ways that an FEC can remain relevant in this turbulent time of technology. Here are some of the things that they suggested (and also a few suggestions of our own):

  • Create experiences at your FEC center that can’t be replicated at home. For example don’t just fill your Family Entertainment Center with Arcade video games…they can play those at home. Add basketball shoots, table hockey, laser tag anything to keep them challenged and having fun.
  • Host competitions/tournaments to get them competing with their peers in the real world instead of just on the video game screen.
  • Make sure your FEC is active on social media. Site’s such as Facebook, Twitter & Instagram to name a few are very popular with today’s youth and even older individuals as well.
  • Having a website is a must. Your website should showcase all of the unique experiences your Family Entertainment Center has to offer. If it doesn’t look worth their time on the website they are less likely to take time out of their busy schedules to come and visit your center.
  • Make “Family Days” with special promotions encouraging the entire family to come out to your FEC and spend some quality time together.

 

Resources:

Funworld Magazine. “The Singapore FEC Market”. http://www.iaapa.org/news/funworld/funworld-magazine/the-singapore-fec-market

The Cut. “Study: 40 percent of kids use iPads before they can speak”. http://nymag.com/thecut/2013/10/40-percent-kids-use-ipads-before-speaking.html

Employment Practice Liability Insurance

While cases of workplace discrimination fell slightly in 2013 vs 2012 there were still nearly 94,000 claims of workplace discrimination in 2013. (EEOC) Employment Practice Liability Insurance, also known as EPLI can help to financially protect your business in the case of discrimination, failure to employ/promote, wrongful termination, breach of employment contract & sexual harassment.

“I’m not planning on discriminating against anyone so why would I buy this coverage?” The truth is no matter how careful you are; employees or potential employees may file false claims of discrimination against you. Defending these claims can become quite costly. According to an article by the Hartford, in one actual case an employer had to spend almost $100,000 to defend their business from a false claim of sexual harassment. While most suits are filed against large corporations, no company is immune to these kinds of lawsuits.

Don’t leave yourself unprotected! Give us a call today at 864-688-0121 to get a quote on Employment Practice Liability Insurance.

References:
EEOC. http://www.eeoc.gov/eeoc/statistics/enforcement/charges.cfm
The Hartford: http://pages.agent.thehartford.com/RD-11-2013-SC-1/

Protecting your Property from Winter Weather

Protect your Property From Winter Weather

It’s that time of the year…time for freezing weather & winter storms. Freezing weather can cause pipes to burst & sprinkler systems to malfunction and snow and ice build ups on roof tops can lead to potential roof collapse. Do you know the steps you should be taking in order to save your property from these catastrophes? Places such as the Insurance Institute for Business & Home Safety & PHLY Risk Management Services have some great information on this topic. As an overview here are some of the basic steps that these two resources had to offer:

FROZEN PIPES
• Keep the heat on. Even if your building will be closed for the winter it is important to keep it heated to at least 55º.
• Make sure all cracks, or openings in the outside walls are sealed with caulk or insulation to prevent cold from coming in.
• When extreme cold is predicted let all faucets drip & leave sink cupboard doors open.
• Think about getting a generator so even if the electricity goes out you can continue to heat your building.
• Have sprinkler systems monitored by a central station to notify you in the case of a pipe failure.

SNOW BUILD UP ON A ROOF
• Keep your roof maintained
• Have roofs cleared of snow by a contractor. Contractor’s should not use shovels or snow blowers to clear of the roof. They should instead use a heavy duty push broom.

ICE DAMS ON ROOF
• Keep drains and gutters clear.
• Prune trees that are hanging over roofs.
• Increase insulation above ceilings.

Resources:
Insurance Institute for Business & Home Safety. http://www.disastersafety.org/disastersafety/commercial-winter-weather-guidance_ibhs/

PHLY Risk Management Services. http://image.exct.net/lib/fecd15717367027c/m/2/RMS_WinterWeather.pdf

Ninja Jump Inflatables & Cossio Insurance


NINJA JUMP LOGO [Converted]
Ninja Jump, the leader in licensed inflatable products, has chosen Cossio Insurance Agency to be a Ninja Jump preferred insurance provider for all their customers. We are pleased at The CIA to be honored and chosen to provide insurance for their customers. Rouben from Ninja had a meeting with Larry at IAAPA last week and sealed the deal!

Visit there website to find out more about the licensed inflatables they have to offer. http://www.ninjajump.com/

Safety Tips for your Go-Kart Track

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Like every other amusement device, there are certain precautions that need to be taken to insure that participants driving the Go-karts at your Family Fun Park or Go Kart Track are as safe as possible. Accidents involving go karts can be especially serious;some incidents involve skull fractures & other broken bones, internal injuries and in some cases even death. There are many resources out there that can help you run a safe go kart track. We found one resource on the IAAPA website that had some important safety tips regarding long hair (& some other safety reminders):

1) You should have a maintenance staff that checks each day for any malfunctions with the go karts, safety signs & the track. (If you do not have safety signs it would probably be a good idea to post some.)

2) Your staff should be properly trained in all safety procedures and should also be trained to look out for guests with long hair. This is important since long hair can get caught in the moving parts of the go kart. The IAAPA article talks about how in 2012 a teenage girl lost 80% of her scalp from her hair getting caught in a go kart axle.

3) Hair ties should be kept on hand and if someone has long hair they should be instructed that it needs to be secured with a hair tie to prevent injury.

Some other safety tips include:

4) Having your guests wear helmets & seat belts.

5) Making sure the age/size regulations of the go kart are followed.

6) Not allowing go-karts to be driven during bad weather.

You can read the full article here: http://www.iaapa.org/resources/by-park-type/fec/go-kart-safety

Also remember that you need to have your go kart track insured because safety procedures alone are not always enough. Learn more about our Go Kart Insurance.

Source

“Go-Kart Safety” by Mike Bederka | IAAPA Website | 2012 |  http://www.iaapa.org/resources/by-park-type/fec/go-kart-safety