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.

Cyber Liability Insurance – Security and Privacy Liability Coverage

This entry is part of 20 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 1 of 20 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 19 of 20 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…)

PCI DSS Compliance and Cyber Liability Insurance

This entry is part 2 of 20 in the series Data Security

Did you know that businesses are required to implement a set of security standards to protect credit card data?

Did you also know that banks and credit card companies can impose fines and penalties on your business if you fail to maintain these requirements? (more…)

2017 Year in Review: Top 5 Webinars for Small Businesses

Our risk management team is committed to identifying dangers that could result in financial loss or injury – and providing thoughtful solutions to keep your workplace safe and profitable. In 2017, Society’s risk control experts conducted webinars to share their insight and safety resources. (more…)

Cyber Liability Insurance – Privacy Breach Response Coverage (Video)

This entry is part 3 of 20 in the series Data Security

A privacy breach that exposes sensitive customer information can be high-impact for all businesses. But it can be especially devastating for a small business, causing significant financial strain and irreparable harm to your reputation. So, what are the odds of a breach happening at your business? (more…)

Upgrade Your Internet Security: Risky Cyber Behaviors to Avoid

This entry is part 4 of 20 in the series Data Security

Every business has an expectation to protect sensitive information, and every employee plays a key role in preventing cybersecurity incidents.

Below are five of the most common data security mistakes leading to data breaches. Employees should halt these practices immediately to reduce the likelihood of a breach.

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The Risks of Serving Flaming Alcohol (It’s a Bad Idea)

This entry is part 1 of 12 in the series Fire Prevention

Some bars and restaurants are eager to ignite an exciting atmosphere by mixing liquor with fire. Whether it’s setting shots ablaze or pouring flaming liquor cascades, each method has one thing in common: severe risk.

While there are liquor liability concerns and challenges just with serving alcohol alone, flaming drinks introduce a greater degree of dangers: (more…)