From the category archives: Insurance Protection Blog

Commercial

Data Breach Reporting Requirements

Data breach reporting requirements draft was just released by the Canadian government.  This is just a draft, but it gives us an insight of what will likely be included in the final regulations.  Peake & McInnis LTD. will continue to monitor legislative changes and provide updates as needed.  Contact us today to make sure your business is protected with Cyber Liability Insurance. 

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What You Need To Know About Cyber Crime

We take a detailed look at Defining, Identifying and How to Limit Cyber crime A vast amount of information is now stored on computer servers and databases, and it’s growing every day. Because that information has great value, hackers are constantly looking for ways to steal or destroy it.  Peake & McInnis LTD, serving all of PEI.

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What Spam, Phishing and Spyware Scams Look Like

Confused about spam, spyware and phishing at your business? These tips will help protect your business from email predators. Peake & McInnis Insurance can help protect your business from cyber risks with cyber liability insurance.  

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You Should Be Concerned About Data Breaches

To reduce the chance for a data breach, it is wise to develop an IT Risk Management Plan at your organization. Risk management solutions should use industry standards and best practices to assess hazards from unauthorized access, use, disclosure, disruption, modification or destruction of your organization’s information systems. Peake & McInnis Insurance, serving all PEI Cyber Liability needs.

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Directors & Officers Liability - Demystifying Management Liability

Directors and Officers do not want to risk their personal financial security from any claims against themselves or their families.
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Miscellaneous Professional Liability - Demystifying Management Liability

Don't let your business be caught without Professional Liability Insurance. Designed to provide a defense for the professional against frivolous allegations of negligence or wrongdoing. 
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The EEOC Strengthens Commitment to Filing Class Action Suits

In 2006, the Equal Employment Opportunity Commission changed its strategy when it announced plans to file more class action suits. This shift was predicated on the decrease in the number of private-sector discrimination-related class action suits and increase in wage-hour class actions. As a result of this decline in discrimination class actions, the Commission's position may indicate a trend toward more government-led class actions in this area. The EEOC is in a unique position to litigate this type of suit because it is not required to meet the strict requirements to maintain a class action set forth in Rule 23 of the Federal Rules of Civil Procedure. In addition, the agency isn't hampered by considerations of whether the monetary compensation won will be worth the expense of a trial. The Commission is also spurred on in its decision by the belief that a national approach to litigating workplace civil rights is necessary due to a lack of consistent effort on the part of the private sector. The Commission ...
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Take Steps to Prevent Workplace Bias Claims Before They Happen

The Equal Employment Opportunity Commission recently reported that work-related bias complaints increased to 75,768 during 2006 compared with 75,428 the previous year. Discrimination complaints had previously risen to a seven-year high of 84,442 in 2002, but then steadily decreased from 2003 to 2005. The most frequent complaints have remained consistent throughout the years, including allegations of discrimination based on race, sex or retaliation. This upward trend in the number of suits filed should raise alarms for employers everywhere. The legal cost to defend an allegation of discrimination that reaches trial has been estimated between $75,000 and $200,000. This doesn't include hidden costs like work time lost because of gathering evidence or giving depositions. It also doesn't include costs associated with an appeal or with payment of a final judgment. The National Center for Preventive Law (NCPL) at the California Western School of Law in San Diego recommends that employers practice what it refers ...
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National Council on Compensation Insurance Says Younger Workers Are More Accident Prone

According to a study conducted by the National Council on Compensation Insurance, younger workers have more injuries and illnesses than older workers; but older workers have higher costs per claim. The researchers discovered that age is an important factor in overall claim costs, but the significance of age on claims frequency has lessened. This has been interpreted to mean that age may not play an important role in future frequency trends. However, the relationship between age and claim severities is basically unchanged. Factors associated with age, such as average wages, claim durations, lump-sum payments, injury diagnoses, and number of medical treatments, comprised a large part of the reason for the differences in the severity of claims between younger and older workers. The differences in wages and duration of claims were the principal reasons for the differences in the amount of payouts between younger and older workers. Differences in wages accounted for approximately one third of the differences in ...
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Naturally Occurring Substances Can Expose Construction Firms to Environmental Liability

What do silica, mercury, arsenic, pyrite, and asbestos have in common? They all are recognized as toxic substances, or contain toxic substances as defined by the U.S. Environmental Protection Agency. Their very presence on a construction site presents a serious exposure for a construction contractor. There are potentially hazardous consequences when these toxic substances are uncovered during construction: ·   Mercury - is a human neurotoxin; meaning it acts specifically on neurons or nerve cells. It is most hazardous to developing fetuses and small children. Eating mercury-contaminated fish is the way most humans become exposed. When mercury enters water, certain conditions can cause it to convert to methyl mercury. Methyl mercury is ingested by aquatic creatures and becomes more concentrated as it moves along the food chain. Humans receive the highest forms of concentration because they are at the end of this food chain. ·   Pyrite - has a high sulfur content, which if e ...
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