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When it’s Important to Stay in the Know.
Top Cyber Risks and How to Avoid Them
With recent increases in online criminal activity and the emergence of new cyberthreats, protecting your company’s digital assets and staying on top of today’s cyber trends may seem like a daunting task. In addition, cyber insurance rates are on the rise and coverage restrictions have put even more responsibility on organizations to mitigate cyber risks.
At BCH, our goal is to keep you one step ahead when it comes to data security. That’s why we’re equipping you with the resources and insights you need to protect your company from today’s cyberthreats.
Awareness
The first step to mitigating cyber risks is understanding common scamming techniques and creating an internal strategy that dictates how your team members should respond to them.
Education
Implementing company-wide training and keeping employees informed of contemporary tactics can prevent cybercriminals from infiltrating your systems and acquiring sensitive information.
Assessment
Your data security strategy should also include a risk assessment — one that can help you pinpoint areas of vulnerability and take inventory of all digital assets — so you can determine the appropriate cybersecurity software and choose an insurance policy that covers you in the event of an attack.
During Cybersecurity Awareness Month, we encourage businesses to assess cyber risks, review policy coverages and refresh training materials. Cybersecurity trends are constantly evolving, so BCH is here to arm you with the tools to protect your company from cyber incidents when it matters.
2022 Midyear Market Outlook: Cyber Insurance
Is your company protected against cyberattacks? With nationwide cyberattacks, increases in BEC scams and elevated ransomware concerns, many policyholders experienced double-digit rate increases since the first quarter of this year. In addition, many insured businesses noticed new coverage restrictions and exclusions for specific cyber incidents. Download our market outlook report for insights into cyber liability insurance trends and developments as well as tips to help prevent costly data breaches.
As a business in the construction industry, your company and your employees are faced with unique risks each day. To help your team be prepared and diligent in reducing these risks, we’ve outlined some helpful resources below specific to construction organizations. At BCH, we’re here to keep you informed of trends affecting your industry when it matters.
Understanding EMR Trends in 2022
New businesses are finding it more difficult to qualify for bid opportunities due to developments in the industry, economy and employment. Understanding factors that influence your Experience Modification Rate (EMR) and associated business risks, can help you avoid disqualification during the bidding process.
Help Your Team Minimize Jobsite Hazards
Employers in the construction industry can reduce on-site accidents by informing workers of common hazards and associated safety risks. Workers should also learn how to recognize dangerous situations, such as caught-in or -between hazards. Understanding common outcomes can encourage employees to wear the appropriate protective gear and avoid potentially life-threatening incidents before they occur. Download our Safety Focused sheet to learn more about minimizing hazards.
