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Business Insurance

Nov 25

Deepfakes: A New Frontier in Cyber Threats for Business Owners

By Business Insurance
In the constantly evolving world of cyber threats, staying one step ahead is vital for protecting your business and its assets. While phishing schemes and ransomware attacks have been prevalent in the past, businesses have become more adept at defending against these threats through advanced security protocols and employee education. However, the emergence of deepfakes represents a new and sophisticated challenge that requires attention and a strategic defense. The Rise of Deepfakes Deepfakes utilize artificial intelligence to create highly realistic, yet fake, videos, images, and audio recordings. This technology leverages AI's capabilities in generating lifelike content, which can be indistinguishable…
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Oct 21

Enhancing Safety and Efficiency for Fuel Haulers with Kapnick’s Risk Management Solutions

By Business Insurance
In the fuel hauling industry, safety and compliance are paramount. At Kapnick, we know the challenges you face, from DOT regulations to road hazards. Our risk management solutions boost your safety, efficiency, and peace of mind. Comprehensive MockDOT Inspections Our MockDOT service helps you stay compliant and ready for inspections. We conduct a thorough review of your operations, vehicle inspections, and documentation. This proactive approach identifies compliance issues early and provides solutions tailored to your needs. Tailored Training Resources Kapnick offers customized training to enhance driver safety and efficiency. Our online courses cover essential topics like: Defensive driving Hazardous material…
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Oct 21

Navigate Nuclear Verdict Challenges with Confidence

By Business Insurance
In today's transportation industry, nuclear verdicts are significantly reshaping the landscape, particularly affecting fuel haulers. These substantial jury awards, often exceeding $10 million, arise from litigation cases where the awarded damages seem disproportionately large concerning the incident at hand. For fuel haulers, this poses a heightened risk given the industry's inherent challenges: (more…)
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Oct 21

Late 2024 Trends in Commercial Risk and Employee Benefits

By Business Insurance, Employee Benefits, Insurance Update
As leaders, staying informed on trends in commercial risk and employee benefits can seem overwhelming. That's why, at Kapnick, we strive to provide our clients with valuable insights and actionable recommendations that make sense for their specific industry and unique needs. Our experienced team stays up-to-date on the latest developments in the insurance market so that we can help you anticipate potential risks and identify opportunities for cost savings. (more…)
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Sep 19

Understanding Workplace Violence Risk Management

By Business Insurance
Media coverage of workplace violence tends to misrepresent the scale and nature of the problem. While the dramatic, isolated incidents often publicized are shocking, most workplace violence consists in less newsworthy – but equally worrisome – activity, including threats of physical violence, harassment, intimidation or other threatening behavior. And while failing to adequately prevent and cope with violent incidents in the workplace can lead to increased workers’ compensation costs, absenteeism, property damage and negative publicity, over 70 percent of U.S. workplaces do not have a formal policy or program addressing workplace violence, according to the U.S. Department of Labor. Recognizing…
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Sep 11

The Benefits Of Alternative Funding Strategies

By Business Insurance, Case Studies
Just as it’s important to consider various forms of funding alternatives for employee benefits programs, there are just as many reasons to consider alternate funding options in the business insurance sphere. Alternate funding  presents numerous advantages tailored to modern business needs, particularly in industries subject to frequent fluctuations and uncertainties. Here’s an overview of the key benefits: Cost Efficiency Significant Savings: Businesses can see savings ranging from 20% to 50%, as highlighted in our Kapnick case study. Optimized Premiums: By analyzing claims history and risk profiles, business owners can secure more favorable premium rates. Enhanced Control and Flexibility Customized Coverage:…
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