Commercial Crime Policies Cover Some Cyber Crimes

In some instances, a commercial crime insurance policy may offer coverage for money a company loses due to a cyber attack, a court has ruled. The 11th U.S. Circuit Court of Appeals in Atlanta has ruled that an insurer must indemnify a policyholder that was scammed out of more than $1.7 million in a phishing incident under its commercial crime policy. The decision is good news for companies who have not purchased cyber insurance but have commercial crime policies. This is at least the third precedent-setting case in which a court has ruled that a commercial crime policy can cover…

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Performing a Thorough Background Check

Employment background checks are not just for executive-level management. A thorough background check should be performed to avoid making any assumptions about an employee's history. To help you get started, here are some essentials of a complete background check: Current address Confirm a current address through a telephone directory, confirmation with landlord, rental or mortgage company, or county tax office. Former addresses Confirm prior addresses through former employers, credit agencies, or by contacting landlords of former residences. Other detailed information you might choose to verify is the amount of rent or mortgage paid, whether it was paid on time, details…

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