Great Article – Everyone that handles private information for clients and employees should have a Data Breach Insurance Policy! Check with your Cobb Hall agent today for a quote on insurance for your business!
Arizona community college faces class action over data breach
A proposed class action lawsuit is targeting a community college district in Tempe, Ariz., that allegedly violated several state and federal data protection laws, including waiting too long to notify affected students, alumni and employees after a breach.
According to the lawsuit, filed last week, the Maricopa County Community College District not only failed to prevent a massive data breach in April 2013, it waited nearly seven months to notify the individuals affected.
Administrators of the community college district were notified by the Federal Bureau of Investigation in January 2011 that several of its databases had been breached and were being made available for sale on the Internet, according to a civil lawsuit filed April 15 in the Maricopa County Superior Court in Phoenix.
The lawsuit claims district administrators did nothing to address the breach at the time, and that their inaction resulted in a second breach in April 2013. The lawsuit also accuses the community college district of waiting until November 2013 to notify current and former students, employees and third-party vendors that their personally identifiable information — including names, addresses, Social Security Numbers, personal financial information and benefits information had been accessed and possibly sold on the Internet.
The plaintiff in the case, current MCCC student Jason Liebich, is seeking class action status on behalf of the estimated 2.5 million individuals affected by the April 2013 breach. Mr. Liebich has accused the college district of violating several state and federal data protection and notification laws, and has asked the court for compensatory damages including unlimited compensations for credit monitoring, restoration and identity protection costs.
A second, similar proposed class action lawsuit was previously filed against the district in Maricopa County Superior Court in March.
Great Article – Everyone that handles private information for clients and employees should have a Data Breach Insurance Policy! Check with your Cobb Hall agent today for a quote on insurance for your business!
Arizona community college faces class action over data breach
A proposed class action lawsuit is targeting a community college district in Tempe, Ariz., that allegedly violated several state and federal data protection laws, including waiting too long to notify affected students, alumni and employees after a breach.
According to the lawsuit, filed last week, the Maricopa County Community College District not only failed to prevent a massive data breach in April 2013, it waited nearly seven months to notify the individuals affected.
Administrators of the community college district were notified by the Federal Bureau of Investigation in January 2011 that several of its databases had been breached and were being made available for sale on the Internet, according to a civil lawsuit filed April 15 in the Maricopa County Superior Court in Phoenix.
The lawsuit claims district administrators did nothing to address the breach at the time, and that their inaction resulted in a second breach in April 2013. The lawsuit also accuses the community college district of waiting until November 2013 to notify current and former students, employees and third-party vendors that their personally identifiable information — including names, addresses, Social Security Numbers, personal financial information and benefits information had been accessed and possibly sold on the Internet.
The plaintiff in the case, current MCCC student Jason Liebich, is seeking class action status on behalf of the estimated 2.5 million individuals affected by the April 2013 breach. Mr. Liebich has accused the college district of violating several state and federal data protection and notification laws, and has asked the court for compensatory damages including unlimited compensations for credit monitoring, restoration and identity protection costs.
A second, similar proposed class action lawsuit was previously filed against the district in Maricopa County Superior Court in March.
April 2, 2014
Different Types Of Business Insurance Policies and Risk Management Procedures
What type of insurance needs does your business have? Below you will find a brief explanation of different types of insurance protection for your business.
Asset Protection: Asset protection provides insurance coverage for the premise of your business, equipment, vehicles and contents as well as business equipment. As with all insurance policies there are different policies that are in effect for different assets. Your liability insurance might cover certain assets such as the premise and equipment used to do business but will need a separate asset policy plan to protect your vehicles and their contents from theft or accidents such as fire or flood.
Key Person Insurance: When it comes to small businesses most often the loss of one key staff member could be devastating to the overall business activity. In most cases this refers to the owner of the small business. If the business is wrapped around the owner’s skills and abilities without that key person the business will be drastically affected. The revenue will decrease and the value of the business most likely collapses as well. With insurance covering the businesses key person, partners and shareholders are covered from an overwhelming loss.
Product Liability: Product liability insurance is purchased to cover legal actions sought to collect from death, injury or damage that has been caused by the product that your business produces. A special add on policy to your product liability insurance is recall liability which covers losses that happen when a product is recalled.
Professional Indemnity: If you are in the business of offering professional advice, indemnity insurance can be purchased to provide personal protection against claims arising from your advice. Professional Indemnity is usually purchase by providers of medical and legal advice as well as financial institutions as well as contractors.
Public Liability: If you or one of your employees is liable for injury, death, damage or negligence to a third party on the premise of the business public liability insurance will cover you from financial claims to your business. If an employee causes an accident on site you will be covered from liability with this type of insurance. It is also important if someone is hurt on your premises, public liability insurance will help with legal fees as well as settlement costs.
Revenue Protection: Revenue protection covers your if there is a disruption in business leaving you unable to protected against loss of revenue in situations such as floods, fires, earthquakes and other natural disasters.
Workers’ Compensation: This is the coverage that will protect your employees as well as you from hardship financially if injured while working or a work related injury that has developed over time.
Risk Management: Insuring your business is one part of planning for the adventures that can help when you own your own business. The other part is preventing, managing and reducing the risks in your business.
- Asset Maintenance: Take care of your business assets, including machinery, vehicles and office equipment.
- Computer and Data Loss: This includes backing data up on a regular schedule, supplying surge protectors and preventing the installation of software or data until it is checked for viruses.
- Premise Maintenance: Regular inspections and maintenance of the building and areas throughout the building will create a safer environment. This includes the interior and exterior of the building.
- Security Risks: Adding an alarm system and entry access systems are a few ways to detour the wrong people from accessing your business.
- Theft and Fraud: Security cameras, regular inventory and a system of checks and balances with all finances will help prevent theft internally as well as from external sources.
For more information on business insurance throughout Livingston County, MI contact Cobb-Hall Insurance. We are experts in all types of insurance needs and look forward to helping you with all of your insurance needs. Check us out online at http://www.cobbhall.com/business.php
What type of insurance needs does your business have? Below you will find a brief explanation of different types of insurance protection for your business.
Asset Protection: Asset protection provides insurance coverage for the premise of your business, equipment, vehicles and contents as well as business equipment. As with all insurance policies there are different policies that are in effect for different assets. Your liability insurance might cover certain assets such as the premise and equipment used to do business but will need a separate asset policy plan to protect your vehicles and their contents from theft or accidents such as fire or flood.
Key Person Insurance: When it comes to small businesses most often the loss of one key staff member could be devastating to the overall business activity. In most cases this refers to the owner of the small business. If the business is wrapped around the owner’s skills and abilities without that key person the business will be drastically affected. The revenue will decrease and the value of the business most likely collapses as well. With insurance covering the businesses key person, partners and shareholders are covered from an overwhelming loss.
Product Liability: Product liability insurance is purchased to cover legal actions sought to collect from death, injury or damage that has been caused by the product that your business produces. A special add on policy to your product liability insurance is recall liability which covers losses that happen when a product is recalled.
Professional Indemnity: If you are in the business of offering professional advice, indemnity insurance can be purchased to provide personal protection against claims arising from your advice. Professional Indemnity is usually purchase by providers of medical and legal advice as well as financial institutions as well as contractors.
Public Liability: If you or one of your employees is liable for injury, death, damage or negligence to a third party on the premise of the business public liability insurance will cover you from financial claims to your business. If an employee causes an accident on site you will be covered from liability with this type of insurance. It is also important if someone is hurt on your premises, public liability insurance will help with legal fees as well as settlement costs.
Revenue Protection: Revenue protection covers your if there is a disruption in business leaving you unable to protected against loss of revenue in situations such as floods, fires, earthquakes and other natural disasters.
Workers’ Compensation: This is the coverage that will protect your employees as well as you from hardship financially if injured while working or a work related injury that has developed over time.
Risk Management: Insuring your business is one part of planning for the adventures that can help when you own your own business. The other part is preventing, managing and reducing the risks in your business.
- Asset Maintenance: Take care of your business assets, including machinery, vehicles and office equipment.
- Computer and Data Loss: This includes backing data up on a regular schedule, supplying surge protectors and preventing the installation of software or data until it is checked for viruses.
- Premise Maintenance: Regular inspections and maintenance of the building and areas throughout the building will create a safer environment. This includes the interior and exterior of the building.
- Security Risks: Adding an alarm system and entry access systems are a few ways to detour the wrong people from accessing your business.
- Theft and Fraud: Security cameras, regular inventory and a system of checks and balances with all finances will help prevent theft internally as well as from external sources.
For more information on business insurance throughout Livingston County, MI contact Cobb-Hall Insurance. We are experts in all types of insurance needs and look forward to helping you with all of your insurance needs. Check us out online at http://www.cobbhall.com/business.php
