April 30, 2008

Cyber and Privacy breaches have been a growing concern across the country due to new public disclosure requirements. Protect your clients before they’re the ones making the news.

Top 5 Reasons why you should be proposing Cyber & Privacy insurance to all of your clients:

1.  Agents across the country are adding these coverages to their due-diligence checklists. If you fail to offer and an incident occurs, your client may have a case against you.

2.  All organizations have the exposures, not only those with websites. Any company with confidential customer, employee, or corporate information could be breached.

3.  GL, Property, Crime, E&O and D&O policies may be “silent” on certain exposures, but silence does not equal responsible protection.

4.  In this soft market, you cannot afford to have a competitor gain access to your customers using products you could have offered.

5.  While hacking and security breaches seem to only happen in the movies, we have proof that they happen every day in real life.

4/19/08 – Debt Collection Agency - 700,000 records compromised via stolen server

4/1/08 – Ski Resort – 45,000 records potentially hacked via network

3/17/08 – Supermarket chain – 4.2 million records hacked

3/12/08 – University – 6,600 alumni records compromised

3/10/08 – Health insurance company – 40,000 records lost on laptop

Rely on our expertise to educate and protect your clients.  Contact us for our “Tech Meter” questionnaire to get started.

For more information, contact:

Offices in Connecticut, Massachusetts, Minnesota, New York, Ohio, Pennsylvania and Florida

For general information about S. H. Smith, feel free to call or email anyone at any of our offices. For any state not listed below, please contact Scott Smith, President. S. H. Smith & Co. is a national firm, licensed to write in all 50 states.

S.H. Smith & Company is a national, independently-owned excess and surplus lines insurance broker, managing general agency and program administrator. Our specialists in each of our divisions have a depth of experience which we believe is unmatched in the industry. For more information, please call Scott Smith at 860.561.3600 or email by clicking here.

Our main office is located at 41 North Main Street, Suite 300, West Hartford, CT 06107 and can be contacted by phone at (860) 561-3600. This newsletter is subscription based and is not unsolicited email. If you would like to unsubscribe, please e-mail marketsmarts@shsmith.com.