IQ Risk Insurance Services LLC

Cyber insurance used widely but not deeply As cyber threats continue to evolve, we're seeing many small and medium-sized businesses wisely investing in cyber insurance. However, revealed in the QBE's 2024 Cyber Insurance Report there is an important gap: 80% of businesses have cyber coverage, but only 40% are utilizing the valuable risk management services included in their policies. If you're an SMB owner or manager, we encourage you to take full advantage of your cyber policy's complementary services. These often include incident response planning, breach response support, and cybersecurity consulting. These tools can significantly enhance your cyber resilience without additional cost. #CyberSecurity #SmallBusiness

Cyber claims rise in first half: Report A recent report by Coalition, Inc. shows cyber threats are intensifying. Ransomware claims spiked 68% to $353K per incident, while business email compromise remains the top source of attacks. Large companies saw losses surge by 140%. Is your cyber insurance protecting your business from today's cyberattacks? #CyberAttacks #CyberInsurance https://lnkd.in/eMV59tm2

Today, we honor and salute all of our veterans. Thank you for your selflessness and dedication to our country. #VeteransDay #HonorOurVeterans

It’s Time to Review Carbon Monoxide Safety For Your Restaurant Operations As winter approaches, reviewing your restaurant's carbon monoxide safety procedures is crucial. With over 50,000 CO-related ER visits annually, this invisible threat needs attention. From generator placement to proper heating system maintenance, every precaution is important. Don't wait for an incident - protect your staff and customers by implementing comprehensive CO safety measures today. https://lnkd.in/gn-zefYn #RestaurantSafety #FoodService #Hospitality

A recent $100 million workers' compensation fraud case in Orange County offers valuable lessons for businesses: 1.????Regulatory compliance is essential in workers' comp systems 2.????Thorough vetting of all medical providers and management services is vital Insurance fraud raises premiums and taxes for Californians, averaging $440 per person annually. By implementing strong compliance measures and staying informed, companies can safeguard their operations while supporting the integrity of the workers' compensation system. https://lnkd.in/ga47DHfi #BusinessOwners #InsuranceFraud #BusinessInsurance

2024 Workplace Safety Index Did you know U.S. businesses spend over $1 billion weekly on workplace injuries? This 2024 Workplace Safety Index lists the top risks, with overexertion and falls as the top two causes of injury. By maintaining proper risk management and training your employees, you can significantly reduce these costs and create safer workplaces. https://lnkd.in/grvRQqac #WorkplaceSafety #RiskManagement #SafetyTraining

Parametric company Adaptive Insurance launches operations Adaptive Insurance has launched an innovative insurance product called GridProtect. They are tackling a major issue—power outages which affect 15 million US businesses monthly. Using AI and parametric coverage, GridProtect offers immediate financial relief without the usual 24-hour delay. https://lnkd.in/gaPrqA8z #InsuranceInnovation #ClimateResilience #PowerOutage

Understanding Business Insurance in the Wake of Hurricane Helene In the wake of Hurricane Helene's $5 billion devastation, and the anticipated loss of Hurricane Milton businesses face critical recovery challenges. Quick action is key to maximizing insurance coverage. Remember to: 1. Review all potential policies 2. Notify insurers promptly 3. Document losses meticulously 4. Communicate carefully 5. Seek expert help if needed ? Don't let technicalities compromise your claim. Start the process now to ensure your business's swift recovery. https://lnkd.in/gBfXyWQw #BusinessContinuity #DisasterRecovery #BusinessInsurance

Safeguarding Your Business from Employment Practices Claims Protecting your business from employment practices claims is crucial for its financial success and reputation. By understanding the potential financial risks and implementing preventive measures, you can reduce the likelihood of costly legal battles and build a positive work environment that ensures compliance and fairness for all your employees. https://lnkd.in/g5a6_4yh #EmploymentPracticesClaims #BusinessInsurance Alana Long Deanna Riem, CLCS

As we celebrate our 20th anniversary at IQ Risk Insurance Services, we are grateful for the incredible journey we've shared. From overcoming challenges to celebrating triumphs, our success has been built on the trust of our clients, the support of our referral partners, and the dedication of our outstanding team. Here's to two decades of growth and an exciting future ahead! https://lnkd.in/gveXe3SB #20Years #CommercialInsurance #ThankYou