The start of a new year provides the opportunity for a fresh start – and a renewed commitment to safety! Telcom Insurance Group can help, not only providing comprehensive coverage but helpful resources to protect companies like yours. We’ve explained the basics of cyber coverage below, along with a closer look at Safety Data Sheets. Check it out!
What Does Cyber Insurance Cover?
Understanding your company’s need for cyber insurance requires a clear picture of that a policy covers. Most include coverage for both first-party liability and third-party damages. Read on to learn more!

First-Party Liability
First-party liability generally includes the cost of repairing the damage caused to its assets. This liability can include:
Here’s what you need to know about each type of first-party liability:
Cyber Extortion Loss
If the business had to transfer any money to get out of a ransomware attack, the amount might be included in the policy’s reimbursements. The policy may also cover the cost of hiring specialists, experts, negotiators, investigators, and consultants who can help the firm escape the situation with minimal damage.
Data Protection Loss
If the business loses any sensitive data or customer data is made public, it might be liable to specific damages. A good cyber insurance policy will cover the expenses necessary to cover these liabilities.
Business Interruption
If your business is shut down due to a cyber or ransomware attack, your policy can cover the resulting loss of revenue.

Cyber Forensics Expense
This liability can cover the cost of hiring an expert to determine the existence and cause of any actual attack.
IT Post Breach Service
This covers the cost of hiring a team of financial experts who monitor the firm’s standing creditworthiness post-attack. This includes the required 18-month credit monitoring. 
Social Engineering Fraud
This liability includes a built-in coverage sub-limit against a manipulate individual impersonating someone at your company to steal funds.  

Third-Party Damage
After a cyberattack is executed, the enterprise may enter a legal battle against several entities. It might be liable to pay dues for compromised intellectual property, breach of privacy, negligence of obligations, damage to public repute, and quantifiable damage to third-party businesses. This can quickly add up! The good news is that most comprehensive cybersecurity insurance plans will cover both the legal expenses required to go through these processes as well as the amount payable to third parties.
If you have questions regarding your cyber policy, please reach out to your Account Executive or Pete Elliott at You can never be too educated about cyber security, so contact Telcom Insurance Group today!
Chemical Safety 101: Hazard Communication and Safety Data Sheets
Keeping employees and contractors informed about chemical products on site is crucial. If workers may come in contact with these potentially hazardous materials, there must be an efficient way of informing them of the risks.
Safety Data Sheets (SDSs), formally called Material Safety Data Sheets, are the quickest and easiest way to do this. SDSs are a mandatory function of HAZCOM that allows the manufacturer or importer to provide this necessary data in a document form for ease of information sharing. 
Employers are responsible for acquiring this document for any harmful chemical to share with personnel and contractors. Contractors who bring harmful chemicals onto your property or into your facilities must also provide the same information to you and your employees.
We recommend going directly to the chemical manufacturer’s website and downloading the available PDF that each manufacturer or importer is required to provide. This document can then be shared with your employees and contractors via your website, a hard copy, or even a link. When contractors bring chemicals with them onto your jobsites or into your facilities, you have every right to ask them to provide the same. After all, the regulation is titled: Hazard Communication. Therefore, we must communicate the hazards. This is also often referred to as the RTK, Right-to-Know regulation. 

Just how does a document do this? The Safety Data Sheet not only informs the user of the specific hazards, but provides insight into how to mitigate them. Each SDS must meet the guidelines, set forth in 29 CFR 1910.1200 Appendix D, Table D.1. The SDS is set in a format of 16 headings, with details on the following:
This information helps to inform the user, protect the user, and prepare the user for worst case scenarios – if they not only read, but heed, the instructions provided. From PPE and first aid to clean up and storage, the SDS is a must for communicating the hazards of chemicals your employees and contractors might encounter. 
This instance proves the serious of the matter: Last year, OSHA cited a laboratory in Connecticut $907,253.00 under this statute with six willful violations, ten serious violations, and one other-than-serious violation. In fact, Hazard Communication is 2022’s number two most cited regulation with 2,682 citations. OSHA takes it seriously – and so should you! 
For more details on chemical safety, get in touch today! Our team is committed to the safety of yours, so don’t hesitate to reach out.
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