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Author: BBS Finder Insurance

What Businesses Need to Know About Data Breaches and Liability

What Businesses Need to Know About Data Breaches and Liability

Data breaches can have costly consequences that may affect multiple parties. Businesses need to familiarize themselves with some of the liability concerns that a data breach scenario could raise. The Ramifications of Compromising Customers’ Information A data loss that reveals customers’ personal information could create thousands of identity theft victims. Compromising customers’ credit information can also precipitate considerable financial harm. Allowing unauthorized access of sensitive personal information such as medical records could cause additional concerns for businesses involving professional liability…

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Why Cyber Liability Matters for HOAs

Why Cyber Liability Matters for HOAs

Homeowner Associations are attractive targets for cyber criminals. With the right hit, cyber thieves can gain all sorts of valuables, from HOA money to homeowner information such as numbers for bank accounts and credit cards and email addresses. With cyber criminals growing more sophisticated, organizations need cyber liability for HOAs to match. Costs of a Data Breach Data breaches can happen in multiple ways. A board member might lose a laptop containing sensitive HOA information, for example, or digital thieves…

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3 Facts About Excess Insurance Coverage

3 Facts About Excess Insurance Coverage

If you have ever looked at an insurance policy and wondered what you would do if your possible damages exceeded the coverage, there is an easy answer. Excess insurance coverage is designed to supplement your regular insurance by essentially expanding its maximum payout in the event of a catastrophe that results in damages beyond the policy maximum. If you are thinking about buying a policy, there are a few facts to consider. 1. Excess Coverage Is Not Always Necessary If…

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RBT vs BCBA- Which Job is Right for You?

RBT vs BCBA- Which Job is Right for You?

If you’ve been looking into the field of applied behavior analysis, chances are that you’ve come across two different job titles: registered behavior technicians (RBT) and board-certified behavior analyst (BCBA). While both jobs share some commonalities, they interact with clients differently. There are also different BCBA and RBT liability insurance requirements. Here is a quick guide to the major differences.  Job Scope  Both RBTs and BCBAs work directly with clients. BCBAs are able to practice independently and may have their…

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Three Reasons To Offer Employee Benefits

Three Reasons To Offer Employee Benefits

Is your company growing and requiring skilled help? Are you ready to hire the kinds of employees that will take your business to the next level? If your company has reached this point in its growth process it may be time to consider offering an employee benefits package. Here are three reasons why doing this may be right for your company, right now. 1. Attract the Best Employees Talented and motivated workers are hard to come by. Attract them to…

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How To Improve Trucker Industry Retention

How To Improve Trucker Industry Retention

Truck driver turnover tends to cost around $11,000 per driver. Here are a few ways to improve trucking industry retention in order to avoid this unnecessary expense. Reward Excellent Performance Drivers who are rewarded for their performance tend to stay with their company. Offer incentives to drivers based on the following factors. Positive customer reviews Days without a collision Collision-free miles Ask for Feedback (and Respond Accordingly) All employees appreciate having their opinions heard (and acted upon). Request feedback to determine what…

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What Is Ordinary Whole Life Insurance?

What Is Ordinary Whole Life Insurance?

Also known as straight life, ordinary whole life insurance is the most common type of insurance policy that’s written today. The policy terms are simple: you pay a monthly premium every month until you turn 100 years old or you die, whichever comes first. Some modern policies are written to age 120, given the advances in medicine that extend life expectancy. Features of Ordinary Whole Life Insurance Ordinary whole life insurance is a type of cash value insurance, meaning that…

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3 Types of Coverage To Consider When Insuring Hotels

3 Types of Coverage To Consider When Insuring Hotels

When you own and operate a hotel, there are numerous situations that can lead to possible lawsuits. Because of a hotel’s possible scope of operations, there is an increased risk for property damage and injury when compared to other industries. That is why business owners often consider these three types of coverage when insuring hotels that they manage.  1. Commercial General Liability What happens when a third party causes damage to your hotel? To protect your business against a wide…

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Winter Is Coming to Your Construction Projects

Winter Is Coming to Your Construction Projects

While safety should be a priority in any industry, contractors like you understand the risks of not having a proactive and comprehensive approach. Accidents do happen, but safety management, OSHA training and personal protective equipment are some of the ways to avoid incidents ahead of time. Experienced construction professionals are aware of field hazards such as confined spaces, scaffolding, ladders and dangerous tools, but how about that weather? Have you carefully considered winter safety for construction sites? Preparing for the…

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3 Considerations for Estate Agent Drone Photography

3 Considerations for Estate Agent Drone Photography

In today’s real estate market, agents are constantly looking for new ways to showcase properties and gain more clients with their marketing efforts. One innovative method that many agents have started turning to is the use of drones for taking photos. While these devices can offer incredible potential for capturing shots, there are some estate agent drone photography considerations to keep in mind. 1. Choosing a Camera If you have not already been looking, there is a wide selection of…

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