The Obvious and the Not So Obvious Insurance Risks(From man's best friend!)

You’ve probably heard warnings from our government regarding Russia’s willingness to disrupt our cyber society; but we’re still not certain just how much havoc the Soviet state has created or how much potential damage they can cause. Even without Russian interference, the size of the global cyber insurance liability market was $3.4 billion in 2016 and is projected to grow to $16.9 billion by 2023 (CAGR of 20%). 1
If you run a small business, here are seven primary cyber exposures you should protect:

1. Fraudulent Funds Transfer
2. Extortion & Ransomware
3. Social Engineering
4. Business Interruption
5. Data Breach & Privacy
6. Network Security
7. Website Media Liability

Fortunately, there are policies to cover the exposures to save you time, effort, big money and possibly your business (in the case you become a victim). If you have not yet addressed coverage for the aforementioned risks, you definitely are behind the proverbial “8-ball.”
Now, let’s jump to the nonobvious risk: your dog.
Believe it or not, nearly 90 million dogs live in the USA, and in 2011 alone, there were approximately 4.5 million reported dog bites. Of those, 800,000 were serious enough to warrant medical attention.  
You might think all of those angry dogs live elsewhere; however, Illinois sits in second place for the most claims with four other Midwestern states earning status as one of the top 10.  One major insurance company paid out $132 million in dog related claims in 2017 alone (as a result of 3600 dog related injury claims). 2
While dog ownership can be rewarding, knowing your homeowners insurance coverage is certainly recommended. Even the nicest dogs can become agitated and unpredictable when tormented or threatened. Umbrella liability coverage becomes handy when a claim occurs, especially when the limits of your Homeowners policy won’t cover the damage.
Take time to review your coverage needs, so the obvious and nonobvious issues are addressed. Call us today!

1 P&S Research Report, National Underwriting Magazine.
2 Property & Casualty 360