Managing 2 Big Insurance Concerns of 2022: Cybersecurity & Employment Risks
/Click to Download Slides
Employment-related lawsuits and Cybercrimes are dominating headlines these days. Cyber risk has increased dramatically during the past few years and the number of employment-related lawsuits filed by employees against their employers, continues to be costly for dealers.
Modern technologies commonly used by dealerships, along with the evolving capabilities of cyber criminals, and the pervasiveness of ransomware has created a perfect storm for disrupting operations and harming dealerships’ bottom lines.
In addition, the auto industry continues to face complicated employment practices liability (EPL) exposures and is a frequent target of discrimination and harassment lawsuits.
As a result, insurance carriers are significantly changing their pricing and policy terms while increasing the underwriting scrutiny required to obtain a quote.
Join Jonathan Kastoff, First VP, HUB International to lean what your dealership can do to help mitigate exposure and lower insurance costs
Topics that will be discussed include:
Cyber 101: What does a Cyber Insurance policy typically cover and just as important, what doesn’t it cover?
Modern Threat Landscape: New cyber vulnerabilities
State of the Cyber Insurance Market
Understanding common EPL exposures and coverages for Auto Dealers
EPL Claims Trends
Presenter:
Jonathan Kastoff, First VP, HUB International
Moderator:
Susan J. Bieber, Esq. Vice President Dealer Services, GNYADA
About HUB International:
HUB, the official insurance brokerage partner of GNYADA, has decades of automotive experience, serving the insurance needs of auto dealerships in New York as well as the entire Northeast and across the country. HUB’s team of insurance professionals have a great track record helping dealers understand risks, managing all insurance requirements, and saving dealers money with their insurance costs.
