Business Insurance Bulletin March 2011

 
Gaudette Insurance Agency
 
Business Insurance Bulletin       March 2011
 
 

As a business owner, you may be accustomed to taking some risks but a poorly designed insurance program shouldn't be one of them.  That's why we offer business insurance options to help mitigate risk and protect your company's assets.

In This Issue
Can Your Business Afford the Cost of a Data Breach?
Radio Frequnecy Exposure From Cell Phone Antennas
One Million Dollars Isn't What It Used to Be
St. Patrick's Day Trivia
Can Your Business Afford the Cost of a Data Breach?
 

hackerIf you think cyber risk is not a concern for your business, it should be.  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. 

 

According to the results of a recent study conducted by the National Retail Federation and First Data Corp, an overwhelming majority of small and mid-sized companies (86 %) care about keeping customer credit card information secure but, nearly two-thirds of them (60 %) are clueless about their liability when customer data goes missing.  Equally alarming, even more of them (64 %) believe that their business is not at risk.  Find out more...

Cell Phone Antennas & Radio Frequency Exposure
 

In 1996 there were less than 26,000 cell phone antennas in the US.  Today there are over 600,000 and that number is climbing rapidly.  Also, with a move from 3G to 4G networks, the strength of antennas are getting more powerful to push more data and information. 

 

cell phone antenna on short buildingWith cell antennas being mounted onto smaller 1-2 story buildings, people working on these buildings such as roofers, HVAC specialists, building maintenance staff, electricians and more, are at risk from emissions produced by radio frequency.  Building owners should be concerned as well since they are potentially liable for injuries resulting from radio frquency radiation.  Read more...    

One Million Dollars - Nothing Like It Was
By Lee Gaudette

 

one million dollarsLast year. I passed a milestone at Gaudette Insurance, twenty years of service.   Early in my career, most businesses selected liability insurance limits of $1,000,000.  Some also added an extra layer in the form of an umbrella liability policy often with a $1,000,000 limit.

 

If your $1,000,000 policy limits haven't been increased in even just a few years, you may be surprised at how far you have fallen behind.  Read more...

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St. Patrick's Day Trivia
Happy St. Patrick's Day
How much do you know about St. Patrick's Day? Test your knowledge with these fun facts.
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This email was sent to courtney.hurley@gmail.com by randerson@gaudette-insurance.com |  
Gaudette Insurance Agency | One Plummers Corner | Whitinsville | MA | 01588