Protecting What You Value Most. Your Students. Your Faculty. Your Future. Since 1955.
Cyber Liability and Privacy
Many companies think they do not have a Cyber Exposure, however, virtually all companies have this exposure. In 2014 companies such as Ebay and Domino's Pizza had cyber breaches. This was a relatively new thing in the market at that point. Today the number of cyber security incidents has increased 48% up to 42.8 million. In the past year 43% of companies have had a data breach. Unfortunately, all eyes have turned to schools and universities, as the data housed by these entities can be very valuable on the black market. Think of the number of records that could be breached and used for personal gain, not just immediately, but over the course of years...even decades.
So, what can you do?
Well, at this point, everyone knows they need some type of Cyber Liability Coverage in their total coverage. However, not all Cyber Liability Coverage is created equal. For example, pertaining directly to schools, the amount of forensic coverage included in a policy has to be closely evaluated based on not only the size of the school, but the size of the area and neighboring districts. This can be tricky given many factors. The most important thing is to work with your broker to examine the potential realistic risk and layer your coverage accordingly.
See below for an overview and feel free to contact us for a free consult:
First Party Coverage
- Loss caused by theft, damage or corruption of someone else’s data on your system (PHI, PII, Financial, etc.)
- Results from Hacker, Cyber Terrorism, Rogue Employee, Virus, Service Glitch / Shutdown, Operational Error, etc.
- Business Interruption / Loss of Income
Third Party Coverage
- Covers liability associated with failure to protect electronic data and the unauthorized use or access of company software and electronic data
- Network Security & Privacy Liability
- Employee Privacy Liability
- Electronic Media / Website Publishing Liability
- Knowledge Provision: Senior Mgmt.
- Coverage for Punitive Damages
- Coverage for Intentional Acts by Rogue Employees
- Privacy Breaches to Cover HIPAA and other regulatory laws (Jurisdictional Issues)
- E&O coverage to consider outsourced IT
- Personally Identifiable Information (PII) definition as broad as possible
- Hackers, Lost Laptops, Viruses & Malware, Rogue Employee, International Breaches
- Exposure of Personal Health Info (PHI), PII, Financial Info, Trade Secrets
- Defense and Settlement Expenses, Regulatory Fines, Crisis Response Costs
- Average claim in the millions of dollars
The Loomis Company has direct access to the carriers that provide coverage to Cyber Breaches, Privacy, and Data Management.
Contact Us For More Information:
Senior Account Executive, CIC
School Program Manager
Ed graduated Lasalle University in 2002, with a major in Business Administration and a minor in Political Science. After college, Ed went to work for Commonwealth Professional Group as a wholesale broker for Management Liability. After 3 years, he took a job with Travelers as a Management Liability Underwriter and quickly was promoted to Account Executive. In 2007, he began working with The Loomis Company. Over his 9 years with The Loomis Company, Ed has worked with many clients ranging in size and market segment. When Ed transitioned to The Loomis Company, he began to focus heavily on the Property & Casualty coverages pertaining to School Districts. Currently, he works with more than 10 school districts in the state of Pennsylvania. Ed's Approach
"I always try to view a school district as a business, but also as a community with constituents ranging from Board, Faculty, Students, and Families. By taking this approach, I feel that I am more able to immerse myself in the direction and goals of the district. My goal is always to put the safety and needs of the school first and foremost. I lean heavily on my team to be proactive with training, assessments, and community relations. Beyond just coverage and response, I always make sure to keep in constant contact with all of my clients. This is the most important piece for me. Establishing a true relationship will always be the key piece in assuring changes are handled correctly with no confusion in any procedural process."
Ed's Most Proud Accomplishment In School Safety
In 2012, Ed and his team were recognized by the State Of Pennsylvania for their work in being the first to have a school district adopt their insurance policy safety regulation on mobile device usage into their procedures policy.
Corporate Risk Manager
The Loomis Company
Jeff joined The Loomis Company in 2004 and works closely with our claims management team as well as carrier claim and loss control professionals on a regular basis to identify areas of opportunity for loss control. The Loomis Company’s loss control service includes traditional inspection and reporting as well as group instruction, training and coaching to achieve success in the areas of safety, quality, production and customer service.
Jeff’s unique experience in facility and human resource management as well as production and quality management techniques allow him to offer insightful direction for positive results in the areas of safety, quality and production. His approach addresses the need to comply with regulatory aspects of law while helping directors, managers and supervisors identify behavioral motivation and modification techniques to realize results that positively affect the bottom line. Experience:
Jeff launched his career in safety by obtaining a BS in Occupational Safety and Hygiene Management from Millersville University in 1994. Since graduation, Jeff worked in private industry for a fortune 100 company as a safety professional and other production and quality management functions through 2000 before joining the Royal and Sun Alliance group as a Loss Control Consultant. The following year he was promoted to Manager of Loss Control Services, leading a team of Consultants from Maryland to Florida
Jeff also holds a Master’s Degree from Indiana University of Pennsylvania in Advanced Safety Engineering. Both his BS and MS degree programs are accredited by ABET.
The Importance Of Risk Management is a concept that evolved in the insurance brokerage sector. Over the years, the idea of a broker working with a client on a preventative basis has gone from something that sounded like a good idea, to something that has become THE mantra for us. With our in house Risk Management Division, we are able to provide a level of service, at no additional cost, that other brokers just can't bring to the table. With multiple offices across the Northeast, we are able to be on-sight with our clients, not only when needed, but in preventative measure as well. Below are just a few things we work with our clients on to minimize issues and maximize efficiency and safety:
- Management Training with Top Down Approach
- Root Cause Analysis
- Director Training for Legacy Employees
- Courses in Training To Deal With Weather
- Tips on Safety In The Workplace
- Provide Collateral to Enhance Safety For Students
- And Much More