Cliff Rudolph's Insurance Blog

Is your Media, Data, or Hardware Excluded?

Cliff Rudolph — Tue, 22 Feb 2011 12:00:36 -0800

In today’s business environment, almost all organizations have investments in Computer Equipment, Electronic Data, and Media. Whether it is desktops, hard drives storing data, client records, proprietary or prepackaged software, it’s important that your insurance policies keep up with your technology needs. Unfortunately, many property policies exclude data, media, and losses related to a computer virus or someone hacking your computer systems. EDP insurance, or Electronic Data Processing, is designed to help fill these gaps in coverage. EDP is typically made up of three components: 1) EDP Equipment- The servers, computer terminals, monitors, laptops, etc. 2) EDP Media- The disk...

2010 flew by, and in its wake… change.

Cliff Rudolph — Fri, 21 Jan 2011 13:06:56 -0800

In contrast to 2009, many might have considered 2010 dull. Hooray for dull! However, this morning I received a notice from linkedin stating that 105 of my contacts started something new. That’s almost 1/5 of my clients, vendors, and professional sphere of influence. I’d say 2010 was a year of change. As the father of twin boys who just turned 2, change is a daily occurrence. The only thing that remains constant is a lack of sleep. However as a family, and without ever verbally acknowledging it, we did a better job of being thrifty. We watched our spending closely,...

Insuring the Cloud

Cliff Rudolph — Tue, 04 Jan 2011 00:08:15 -0800

It is critical to understand that outsourcing cloud computing services is not the same as outsourcing or transferring risk. Be wary of cloud computing service contracts that include a hold harmless provision within the indemnity agreement that strongly favors the service provider. Furthermore, requiring adequate professional liability /E&O insurance limits can be challenging considering the significant number of other parties that may also be affected.

Defending Against Patent Infringement

Cliff Rudolph — Wed, 22 Sep 2010 15:14:41 -0700

When we think about insurance, we often think about insuring the building, computers, and other tangible property associated with an organization. Property/Casualty, Errors and Omissions, and Directors and Officers come to mind. But often an organizations biggest asset and biggest competitive advantage may be the organizations Intellectual Property. Good risk Management can decrease both the likelihood and severity of infringement claims but in many cases, resolution for these issues will result in an expensive legal battle. An alternative to self-funding lengthy litigation would be to transfer some of the risk to an insurance company, thereby reducing the pressure to settle.

Social Media's Dirty Little Liability Secret for Employers

Cliff Rudolph — Thu, 10 Jun 2010 00:58:51 -0700

Social Media's dirty little secret? You and your employees are probably not covered by your General Liability policy.