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
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