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Ransomware has emerged as one of the most notorious cyber threats facing businesses of all sizes. These attacks involve malicious software that encrypts a victim’s data or system, effectively locking them out, while the attackers demand a ransom (often in cryptocurrency) for the decryption key. Given the prevalence and damaging impact of ransomware, a common question is: Does cyber insurance cover ransomware attacks?
Small and mid-sized businesses are just as vulnerable to cyber threats as larger companies – and in some cases, even more so. In recent years, nearly half of small businesses have suffered a cyber attack, a startling statistic that highlights the need for cyber insurance in the small business (SMB) sector.
One of the first questions businesses ask about cyber insurance is, “How much does it cost?” The cost of cyber insurance can vary widely. Some small businesses might pay a few hundred dollars per year, while larger firms could pay tens of thousands.
Autonomous systems and intelligent algorithms are taking on roles once reserved for humans – from driving vehicles to approving loans. But what happens when an AI makes a costly mistake? Many businesses are discovering “gray areas” where AI-related failures fall between the lines of their traditional insurance coverage.
IMI Insurance stands for Insurance for Medical Institutions or Insurance for Medical Innovation, and refers to a tailored group of insurance products designed to protect companies and organizations operating in the healthcare, biotech, and medical technology sectors. This includes hospitals, clinics, laboratories, clinical trial sponsors, and medical device manufacturers.
Medical research laboratories are often at the forefront of innovation, working with sensitive technologies and engaging in collaborations with hospitals, academic institutions, and pharmaceutical companies. From pre-clinical experiments and in-vitro testing to genetic data analysis and advanced medical trials — the operational and professional risks faced by labs are high and require specialized insurance coverage.
Accounting firms in Israel that serve clients in the United States face unique challenges due to the need to comply with regulations and manage risks in both countries. We offer a specialized policy that provides unified coverage for your activities in Israel and the U.S. under a single policy tailored to your needs.
Protect your business from the unexpected costs of IRS audits with a dedicated and automated insurance solution.
The software development industry is the backbone of digital innovation, creating solutions that drive businesses and transform industries. However, the nature of software development brings unique risks—cybersecurity threats, intellectual property disputes, and liability from coding errors can all impact your company. Cyber insurance is a critical tool for protecting your business against these vulnerabilities.
The role of investment managers is pivotal in today’s financial landscape. With significant growth in Israeli investments globally—approximately $16.5 billion in real estate alone between 2017 and 2022—managing client portfolios effectively is more critical than ever. However, the dual responsibility of maximizing client returns while adhering to stringent regulatory requirements exposes investment managers to significant risks.
The research and development (R&D) sector is at the forefront of innovation, driving technological and scientific progress across industries. However, the nature of R&D work involves significant risks, from intellectual property disputes to liabilities stemming from testing or prototype failures. Comprehensive insurance solutions are essential for safeguarding your operations and enabling your business to thrive in a competitive landscape.
In the ever-evolving landscape of the global insurance market, trends are emerging that not only reflect the industry’s response to current economic conditions but also its adoption of innovation and compliance with regulatory changes. This article provides an overview of these trends, with a spotlight on regions experiencing rapid growth, notable regulatory developments, and breakthrough product offerings.
What is Business Owners’ Insurance? Insurance that covers the company against loss caused by damage to the property and structure. In many policies, additional
Accompanying agents who handle business corporations, for building an insurance specification that fits the client’s needs: 1. Adjustment to customer and investor requirements. 2. Mapping
Many companies and businesses today provide their customers with different services and products physically in the businesses. When during the same business activity, customers, suppliers
In the New Media era, more and more businesses, companies, and organizations realize that they must use media, communication, and advertising companies today to
What is Product Liability Insurance? The insurance covers importers, manufacturers, and distributors against claims by third parties for property/bodily damage caused by product failure.
Cyber insurance provides businesses with comprehensive protection against the financial and operational impacts of cyber incidents. This coverage is crucial in an era where cyber threats are increasingly sophisticated and pervasive. Below is an in-depth look at the various coverages typically included in cyber insurance policies.
At LAMDA, we specialize in consulting and unique insurance solutions for companies and corporations.
Cyber insurance is an insurance solution designed to protect businesses from the financial consequences of cyber malfunctions and attacks. The need for this insurance has grown due to the increase in cyber attacks and the escalating risk to information security. This insurance covers costs associated with responding to cyber events, including data recovery, legal expenses, compensation to third parties, and more.
In the ever-evolving landscape of the global insurance market, trends are emerging that not only reflect the industry’s response to current economic conditions but also its adoption of innovation and compliance with regulatory changes. This article provides an overview of these trends, with a spotlight on regions experiencing rapid growth, notable regulatory developments, and breakthrough product offerings.
In the dynamic world of technology startups, “unicorns” – privately held startups valued at over $1 billion – have long been the symbols of peak innovation and market disruption. However, a new breed, termed “Zyrphicorns,” has emerged, signifying those unicorns that achieved their lofty valuations during the era of near-zero interest rates, notably between January 2020 and March 2022.
In the intricate game of chess, the protection of the king is the primary objective, around which all strategies revolve. This game’s fundamental principle mirrors the essence of corporate governance, where the safeguarding of company directors and officers against personal liability is crucial for the health and strategy of an organization.
In the realm of chess, the board is a kingdom under constant threat, each piece playing a pivotal role in the defense of its territory. This ancient game of strategy mirrors the modern battlefield of cybersecurity, where organizations deploy an array of defenses to protect their digital domain.
During the operation guarding the walls, damage was caused to many businesses throughout the country, both direct damage to property and loss of income. Also,
During the operation guarding the walls, the damage was caused to many businesses throughout the country, both direct damage to property and loss of
Food supplement companies are engaged in the production of food supplements/marketing of food supplements for institutional and private customers.
Our insurance program for food supplement companies is adapted to all company stages, from R&D to sales. Alternatively, there is a dedicated insurance plan for distributors only. The insurance plans have global coverage and provide spatial protection for the company in each phase. Our insurance specifications are individually tailored to each and every company, taking full account of investor and customer requirements.
Research and development companies dealing in various fields, such as drug development, medical device development, consultants, and CROs, are exposed to lawsuits for financial damages
As businesses and people continue to rely more and more on technology, the need for cyber insurance grows. In fact, the global cyber insurance market
Lamda Group has a legal department that specializes in managing and accompanying insurance claims in all areas. Managing insurance claims may not be an easy
Building an insurance system for companies and corporations is a complicated task that requires professionalism and a thorough understanding of the potential risks of the
The course is intended for agencies or companies interested in increasing the employees’ knowledge of cyber insurance and making the product accessible in a simple way to the clientele.
Lamda specializes in supporting agents and agencies who wish to build customized insurance products for their clients. Our comprehensive assistance covers every step of the
In recent years, the insurance markets have been developing with the support of technology and the global economy. Many brokers and insurance agents give up
The various laws and regulations in Israel set a number of conditions for obtaining an insurance agent license, a pension consultant and pension marketing
The changing and updated insurance industry, which requires each policy to be adapted personally and precisely to the needs of the business and society, requires
Many companies and businesses today submit their candidacy for many and varied tenders, with the aim of providing services and products to various entities. As
In today’s intense and changing reality, where businesses and companies face changing risks, which may harm their current activities, Lamda Broking makes every effort to
Mergers and acquisitions (M&A) insurance is insurance designed to help protect companies and their shareholders against losses that may occur during the merger and acquisition
What is professional liability insurance? Professional liability insurance covers the company and its employees against claims for negligence in the provision of the company’s professional
Unfortunately, theft, embezzlement, and fraud committed against a company, business, or organization are not that rare. In recent years, we have seen and heard about
Whether you are before the purchase of the first or second property of your life or are interested in the mortgage cycle, in order to
Every month we pay taxes on our income, whether we are employed, self-employed or retired. Whether or not you have checked your tax returns in
We provide ongoing support to our clients in business risk management as well as insurance consulting. Lamda experts have rich experience in examining and building
As businesses or companies, every year you pay the premium to the insurance company in the hope that when you need the insurance the insurance
What is Amendment 190? Amendment 190 is an amendment made to the Income Tax Ordinance in 2012. One of the layers of the amendment allows
What is a pension fund? The most common pension savings device today. The pension fund allows an employed/self-employed colleague to save for retirement in order
In recent years, the insurance markets have been developing with the support of technology and the global economy. Every year we pay the premium to
Insurance for Software Companies In recent years, the software development industry has been in an unprecedented boom and growing trend, with many companies and businesses
Since 2020, the biotechnology industry has experienced unprecedented growth, driven by innovations such as the revolutionary COVID-19 vaccine. This surge has highlighted the importance of supporting the development of medical and therapeutic products. However, this innovation comes with significant risks for pharmaceutical companies, including liabilities from clinical trials, product defects, and supply chain disruptions. Tailored insurance solutions are essential for protecting your business, employees, and innovations against the unique challenges of this critical sector.
The world of medicine has changed significantly in recent decades. In addition to the coronavirus that accelerated significant technological developments in the field, the
In the last decade, we have heard about more and more countries and organizations joining initiatives to reduce air pollution and the environment. Among other
A clinical trials policy covers claims by experimenters or third parties because of damage caused by the trial. Highlights for clinical trial insurance: The
Biotech companies are companies that specialize in the research and development of technologies using biological knowledge. Our insurance program for biotech companies is adapted
The cannabis industry is in an unprecedented boom, when by 2030, estimates speak of sales that could reach an incredible amount of 72 billion dollars,
Life science companies are exposed to various lawsuits. The main exposure of these companies is bodily injury to third parties. Therefore, the various risks
The volume of investments by Israelis in recent years in the world stock markets and properties in Israel and abroad globally has increased significantly. One
A hedge fund is a financial investment fund that claims to bring profit in any market situation. Hedge funds in Israel are not subject
In recent years, more and more individuals and businesses are turning to entities that provide non-bank credit to finance the establishment of a business, product
In today’s reality, where the cost of living only goes up and up and the economic environment is volatile, it is very important to wisely
Investments in real estate generate an investment flow for the investor against investing in real estate funds. The funds bring together a large number of
In recent years, the world of investments and real estate has attracted more and more investors looking for profitable investment opportunities for their savings,
As the world of global investment management breaks records every year, and as more and more investors turn to investment banks for advice and management
An investment house is a body authorized to manage investment portfolios for private and institutional clients. The investment house has exposure to claims from investors,
Various financial advisors bear a great deal of responsibility for the decisions their clients make. Even if they believe they have no responsibility, in the
Venture capital funds and private equity funds, which manage funds of third parties and even their representatives who serve as directors in those companies, may
Financial institutions are characterized by managing money for third parties and are therefore exposed to many risks. Any risk that occurs may cause enormous damage
In recent years, various cyber-attacks, unfortunately, have become more and more common, and it is estimated that in the coming years, most companies and businesses
In the coming years, more and more small and large businesses will have to deal with repeated cyber-attacks, which may disrupt their functioning, cause financial
Life science companies are exposed to various lawsuits. The main exposure of these companies is bodily injury that they may cause to third parties. Therefore,
Many experts estimate that in the coming years, cyber-attacks will reach almost every business and company in the world. With these data, the importance of
One of the main problems facing the average saver in Israel today is a low level of financial literacy. According to OECD, financial literacy is
According to recent publications, Mr. Shaul Alovich filed a claim against his Directors and Officers’ (D&O) liability insurance company to reimburse the defense costs paid
In light of the recent judgment of Judge Ofer Grosskopf in TA (Merkaz) 47032-05-16 Better Place (HT) 2009 Ltd. (In liquidation) and Others V. Shay
We are witnessing a continuous increase in cyber-events. As a result, the Cyber Insurance market is hardening. Rates and deductibles are increasing, underwriting guidelines have
This week it was reported that the Instagram account of the legendary former footballer, Eyal Berkovic, was hacked and blocked. It was also reported that
Run-off insurance is directly related to claims-made insurances. These insurances are characterized by the fact that their trigger is not the date of occurrence of
The transition of a private company to become a public company (or a reporting company in the case of raising debt from the public) is
Financial institutions are characterized by managing money for third parties and are exposed to many risks. Any risk that occurs may cause enormous damage and
A tax-free savings device intended for employees (employer’s benefit) and the self-employed for a period of six years or more. At the end of a
Insurance that covers the company against loss caused by damage to the property and structure. In many policies, additional coverages can be added as part
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