Going the Extra Mile for Your Convenience.
Getting the right insurance shouldn’t be a hassle. With a variety of additional insurance service options available under one roof, Hindsight Insurance Services can take care of most of the work for you.
Cyber Security/Data Breach for Small Businesses
Hindsight Insurance Services provides these services.
Recent surveys conducted by the Small Business Authority Symantec and the National Cyber security Alliance suggest that many small business owners are still operating under a false sense of cyber security. The statistics of these studies are grim.
The vast majority of U.S. small businesses lack a formal internet security policy for employees, and only about half have even rudimentary cyber security measures in place.
Furthermore, only about a quarter of small business owners have had an outside party test their computer systems to ensure they are hacker proof and nearly 40 percent do not have their data backed up in more than one location. According to Symantec, the average annual cost of cyber-attacks to small and medium-sized businesses was nearly $200,000 in 2010.
Building Ordinance or Law
Building Ordinance coverage is sometimes overlooked, but is a very important coverage to consider. It is important to understand the definition of Building Ordinance as it relates to loss to the undamaged portion of a building which has incurred a loss. Standard property forms provide coverage for the indemnification of the actual physical structure and returning the building to the condition it was prior to the loss from a covered peril.
What is not covered under the property coverage form and is specifically excluded, is the increased cost of rebuilding, repair, or remodeling created by the application of local, state and federal building codes.
Hired & Non-Owned Auto Liability Coverage
Hired auto liability coverage will pay for damages to a third party, on behalf of your company, if you cause an accident or an injury to someone while you are driving a rented car or "non-owned- vehicle for business. For example, if you rent a car to visit a client, and cause an accident on the way there, the person you hit will look to your company to pay the damages. Without this coverage, your company may have no insurance coverage for a rented car.
The same scenario applies if you have an employee run an errand, or visits a client in his or her own car. When the employee causes the accident, the injured party is going to look to your company to pay for damages since the employee was using the car on company time. This can also apply if you casually ask a friend to pick up office supplies for you the next time they go to the office supply store and an accident occurs! The courts, needless to say, have been known to render some strange decisions.