As cybercrime becomes more sophisticated, organizations of all kinds are increasingly vulnerable. Many are targeted by cybercriminals simply because they may lack the time, resources, or infrastructure to properly defend themselves. The good news? There are proactive steps businesses can…
Troy, MI.-Mason-McBride, an independent insurance agency based in Troy, Michigan, has announced the acquisition of Berkfield & Co, Ltd, a Waterford-based independent insurance broker specializing in personal insurance, commercial insurance, and employee benefits. With this acquisition, Mason-McBride continues its strategic…
Professional service organizations manage confidential records, financial information, and email-driven workflows, conditions that continue to make them high-value targets for cybercriminals. Threat activity has evolved from broad financial data theft to targeted intrusions aimed at extracting sensitive client information. Malware,…
Professional liability insurance, also known as errors and omissions (E&O) insurance, is an important risk management tool for many professionals. If you are a healthcare professional, lawyer, accountant, engineer, consultant, real estate agent, or any other professional who provides services…
Cyber risk could be considered a frontier area among the many areas of risk businesses face. While the nature of the threat has yet to be fully understood, being targeted by a cyberattack is all but inevitable. Unfortunately, small and…
No matter the nature of your business, managing risk is part of daily operations. Established companies across Michigan, including professional services, staffing agencies, contractors, and technology firms, use liability insurance to help address exposure to third-party claims and contractual requirements.…
In many cases, yes, flood insurance is worth reviewing, even if you’re not in a designated high-risk flood zone. Flooding remains the most common natural disaster in the United States, and Michigan has experienced significant flood events in recent years,…
What is Medical Loss Ratio? Medical Loss Ratio (MLR) is the percentage of premiums an insurance company spends on member care, claims, and administrative expenses that improve healthcare quality. What is the Medical Loss Rebate? The Patient Protection and Affordable…
Cybercriminals create new advanced social engineering tactics and target small and medium-sized businesses. For example, the FBI estimates that cybercriminals stole more than $28 billion through email fraud from 2016-2020, with an average loss per incident of more than $150,000. Social engineering fraud involves…
When your homeowner’s insurance policy renews, there are a few factors to keep in mind about the replacement cost of your home. These adjustments can be confusing, especially when they result in higher coverage limits or premiums. Understanding how replacement…