Business Insurance Bulletin March 2010

 

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Tough New Standards for Personal Information Protection in Massachusetts

Business Insurance Bulletin

March 2010

Welcome to the first issue of Gaudette's "Business Insurance Bulletin".  This newsletter is designed to provide you with relevant, current, and helpful information for managing your business operations.   
In This Issue
What is the new Mass Privacy law?
Cyber, Security and Privacy Risk Assessment
Protect Your Business With Cyber Risk Insurance
Contractors Beware - New EPA Rule on Lead Paint

The Massachusetts 201 CMR 17.00 Privacy Law

locked computer
To Whom The Law Applies:

This law requires that, if you own, license, store or maintain personal information on one or more Massachusetts citizens, you must implement the law - even if you are anywhere else in the country.  Personal information is defined as first and last name or first initial and last name, in conjunction with any one or more of the following:  social security number; driver's license number; state-issued ID card number; financial account number; and credit or debit card number. Read more about the law... 

Cyber, Security & Privacy Risk Assessment 

Getting on the path to cyber security means taking a hard look at your operations, and those of your vendors and suppliers.  To identify your cyber, security and privacy risks, take this quick self-assessment, and learn where your potential gaps lie.   

Protect Your Business with Cyber Risk Insurance

 
computer keyboard

No matter how comprehensive an organization's security practices are, the organization is vulnerable to a breach of confidential information.  Firewalls, virus protection, anti-spam systems, and internet usage policies are no guarantee that personal customer information won't be lost or stolen.
 
General liability, property insurance and professional liability policies do not cover the full spectrum of exposures from a security breach.  In fact, many now specifically exclude "cyber risk".  

What is cyber risk insurance?
Cyber risk insurance provides both first and third party coverage solutions to protect your business against various cyber risk exposures.  Find out more...

If you enjoy this newsletter and find it valuable, please feel free to pass it on.  We will be happy to send them the next issue if they decide to join.  
Contractors Beware - New EPA Rule on Lead Paint
paint can
Over the years, there have been numerous recommendations, rules and guidelines which attempted to deal with the problem of existing lead-based paint in homes and other structures. The EPA has usually played a key role in lead paint mitigation efforts. On April 22, 2010, an enhanced lead paint rule will take effect which will directly impact renovation and repair contractors.   Read more....
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