Market Smarts

Cyber, Privacy & Security Coverages
A Corporate Responsibility

The utilization of technology to accurately provide services and to efficiently process and store information has become critical to business operations. A rapidly changing market place brings the added responsibility of protecting your company, in advance, from costly errors and breaches. Recent events illustrate that companies are more exposed than they realize.

Use the TECH METER below to assess your exposure. Yes or No
Do you have an exposure to the intentional/unintentional acts of employees that could result in the release of confidential information or in business interruption? Y      N
Do you use email and/or websites to provide services, to place advertisements or to display the advertisements of others? Y      N
Do you retain digital records, or save the personal information of clients? Y      N
Does your company utilize automated responses regarding application receipt, billing, notifications, etc.? Y      N
Does any area of your business involve transmitting confidential information like credit card numbers, financial and health information or social security numbers via the Internet? Y      N
Do employees travel with laptops or other private data that may be vulnerable to loss or theft? Y      N
Does your industry or state establish regulations regarding the security of confidential information? Y      N
Would the crash of a network or a hardware/electrical failure have a significant negative impact on your business operations? Y      N
Does your organization utilize independent contractors and/or subcontractors in the ordinary course of business to provide technology services to clients or to the company? Y      N

You do not have to be in the red before you take action. S.H. Smith & Company can assist you in reviewing your current risk management tools and find a suitable Technology Related Coverage product to address your unique exposures. It is impossible to state in the abstract whether your insurance policy would necessarily provide coverage in any given situation.

This assessment is for informational purposes only. Coverage is determined based on the specific policy purchased and the facts and circumstances of a particular claim.

For more information, please contact your local retail insurance agent, and have them contact:

Todd McDonald
Connecticut Office
860-561-3601 x233
800-356-0168

Offices in , , , , and

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 , President. S. H. Smith & Co. is a national firm, licensed to write in all 50 states.

New England offices
Michael McIntire
774.238.6806

Ohio office
Terrence Coughlin
330.656.2525

Minnesota office
Mark Mattson
651.647.6254

Pennsylvania office
Ed McGuire
610.644.8433

   

Upstate New York office
David Mackintosh
315.682.0264

Eastern New York/Vermont office
Les Dalmata
315.826.5244

Southern Ohio/Kentucky office
Charles Corky Breeden
800.680.2594

Florida office
800.735.1023


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.