Author Archives: The Society Insurance Team

About The Society Insurance Team

Your business is your livelihood, and it’s our job to do all we can to help you protect it. By choosing Society, you’re not only getting one of the most comprehensive plans for your business, but a partner dedicated to your company’s continued success.

Data Breach and Your Damaged Reputation

This entry is part 1 of 22 in the series Data Security

It is no secret that criminals are getting smarter at using technology to their advantage.  Unfortunately, that means your business could be the victim of a data breach left to face tremendous financial costs, lost customers and a damaged reputation. When word gets out that data was compromised at your business, it may take time to convince customers that it is safe to come back. (more…)

How to Use a Fire Extinguisher: An Easy 4-Step Process

This entry is part 13 of 13 in the series Fire Prevention

Thankfully, most people haven’t had to contain a fire. But take a moment to think about how you would react during a fire emergency. Would you know what to do? Knowing how to operate a fire extinguisher could mean the difference between minor damage and a full-scale disaster at your business. (more…)

Employment Practices Liability Insurance – What Does it Cover?

As a business owner, you strive to be fair and nondiscriminatory in your employment practices. But even a simple misunderstanding could expose you to an employee-related claim or allegation such as sexual harassment, discrimination, abuse or wrongful termination. In today’s litigious business climate, these are damaging claims that can put you out of business. Is your business prepared for these situations with Employment Practices Liability Insurance (EPLI) coverage? (more…)

Cyber Liability Insurance – Security and Privacy Liability Coverage

This entry is part 2 of 22 in the series Data Security

If your business suffers a data breach, you may see yourself as the victim. But there could be a different perspective for customers or employees whose data has been compromised. They may view you, the business owner, as responsible for not properly safeguarding their confidential information. Would your business be prepared for the related lawsuits? (more…)

Common Data Threats and Vulnerabilities

This entry is part 3 of 22 in the series Data Security

When it comes to data security, a threat is any potential danger to information or systems. Threats could be an intruder network through a port on the firewall, a process accessing data in a way that violates the security policy, a tornado wiping out a facility, or an employee making an unintentional mistake that could expose confidential information or destroy a file’s integrity.

It’s critical for every business to understand their risk. An important step in data security is to identify potential threats, classify them by category, and evaluate the damage potential to the company. Use this checklist to understand common data threats and assess how they may affect your business: (more…)

What Your Business Needs to Know About Ransomware and Cyber Extortion

This entry is part 21 of 22 in the series Data Security

Did you know that ransomware attacks are now one of the most popular cyberattacks, surpassing hacking and physical theft in cyber claims activity? The FBI estimated ransomware to be a $1 billion crime in 2016 and research reported that 42% of small and medium-sized businesses were hit by ransomware attacks.

What is Ransomware?

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Gas Station Insurance Coverage for Fuel Tank Contamination (Video)

Customers expect to pull into a gas station, fill their tank quickly and leave without a second thought about the fuel they just pumped into their vehicle. Gas station and convenience store owners expect the same. But if that fuel is contaminated it can cause serious engine damage, affect a gas station’s reputation and cost the business owner thousands of dollars.

Learn more in this video: (more…)