Happy Spring Business Owners! This is the seventh edition of the Johnsonese Brokerage Technology Insurance Newsletter. The goal of our quarterly newsletter is to provide useful information about insurance to independent technology businesses .
And follow-us on Facebook for updates on insurance info for tech businesses between our quarterly newsletters. Or contact me today to schedule an appointment! |
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Small Business Data Breach Factoids |
According to Symantec's 2010 Global SMB Info Protection Survey
- 74% of small / midsize businesses were cyber crime targets
- 42% of the above lost confidential data
- 40% of the above experience direct financial costs averaging $188,000
According to Verizon's 2011 Data Breach Investigations Report
- 57% of 2010 data breaches occurred at businesses employing 11 to 100 people
According to Javelin Strategy & Research
- Average cost per victim to small and midsize businesses is $1,574
According to Johnsonese Brokerage
- It may be time to consider Cyber Liability Insurance for your business
-Best Review January 2012
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Motorola Sold Refurbished Devices with Old Customers' Data | |
Motorola Mobility announced recently that some of its refurbished tablets have been sold with previous owners' data still intact on the devices. The company has learned of 100 cases where the original owner's data was not completely erased from a Motorola Xoom Wi-Fi tablet before resale.
New owners of the refurbished tablets may be able to access photos, documents, user names and passwords stored by a previous owner. Motorola is offering a free two-year membership to an identification protection program for customers whose data was not erased.
-Crain's Chicago Business, February 03, 2012
We often think that data breaches occur due to the work of highly skilled hackers. But as this article demonstrates, simple business mistakes can also lead to leaks. Other common examples include employees losing laptops and smart phones.
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Angel Investment Growth in Chicago | |
Angel investors, the wealthy individuals whose small, get-me-started investments play a key role in business creation, are zeroing in on Chicago's tech startups. Chicago tech startups received $16.1 million in angel investment last year, up 38 percent from $11.7 million in 2010, according to data collected by local tech community website BuiltInChicago.org. That growth rate far outpaces the national trend: Angel investment rose 4.4 percent nationally in the first half of 2011 from the first half of 2010, according to the Center for Venture Research at the University of New Hampshire.
Why is angel investing growing in Chicago? The city's tech sector is maturing: A growing pool of promising young companies is demonstrating more savvy than predecessors did, thanks to support from a slightly older group of mentors and investors from success-story companies such as Orbitz Worldwide Inc. and Groupon Inc. As a result, angel investors are hoping to buy into Silicon Valley-caliber companies at off-brand prices.
-Crain's Chicago Business, February 27, 2012
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Chicago Area Leads Nation in Copper Thefts |
The Chicago Tribune reports that the Chicago area leads the nation ininsurance claims related to thefts of copper and other metals. According to the National Insurance Crime Bureau, the Chicago area had 42 more claims than were generated in the New York and northern New Jersey region, which ranked No. 2.
From Jan. 1, 2009, through 2011 claims were up 81% nationwide. The increase was driven by rising prices for metals, especially copper. And not only is the frequency of thefts increasing, but thieves also are becoming more brazen. A recent theft of copper wiring at an airport in Modesto, California, for example, blacked out runway approach lights.
-Chicago Tribune, March 8, 2012 |
The Johnsonese Brokerage can assist you with most of your insurance needs. To get started immediately call 773.857.0242 or Email info@johnsonese.com.  Christopher Johnson
(dba Johnsonese Insurance Agency LLC in CA)
insurance for innovative organizations
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About the Johnsonese Brokerage |
The Johnsonese Brokerage LLC is a licensed and bonded independent insurance agency focused on insuring independent tech businesses.
Who we insure:
- Computer Consultants
- Computer Equipment Distributors
- Computer Maintenance and Repair
- Database Developers
- Electronics Design Consultants
- Electronics Distributors
- NEDA Members
- Network Consultants
- Manufacturers Reps
- Outsourced IT Service Providers
- Software Developers
- Software Programers
- Technology Sales & Marketing
- Technology Solopreneurs
- Technology Trade Shows
- Telecom Service Providers
- Value-Added Re-sellers
- Website Developers/ Designers
We are licensed in the states of Arizona, California (license #0H55862), Florida, Illinois, Indiana, Kentucky, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Pennsylvania, Texas and Wisconsin.
How are we doing? Your feedback is always welcome! |
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Common Insurance Terms
For property insurance policies we are required to determine the "construction type" of the building where your business is based. The options typcially are:
1. Frame
Primarily made with wood frames and joists
2. Joisted Masonry
Exterior walls are brick/ concrete/ stone but roof and floors are wood.
3. Light Non-Combustible
Exterior walls of light metal or other non-combustible material and with non-combustible floors and roofs
4. Masonry Non-Combustible
Exterior walls of masonry material and with non-combustible or slow burning floors and roofs
5. Modified Fire Resistive
Combustible materials have a fire-resistance rating less than two hours but not less than one hour
6. Fire Resistive
Combustible materials must have a fire-resistance rating of at least two hours
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We Are a Trusted Choice ® Agency
Trusted Choice® agencies are insurance firms whose access to multiple companies and commitment to quality service enable us to offer our clients competitive pricing, a broad choice of products and unparalleled advocacy.
"You need an independent insurance agent"
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We Appreciate Referrals!
As a service business, referrals are our biggest source of new clients.
If you know of any other business needing insurance, please let us know. We promise to give them the same personal and professional service that you've come to expect from the Johnsonese Brokerage.
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Our Business Partners
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AmWins -
AXA -
Berkley -
Chubb -
CNA -
Hartford -
Insurance Noodle -
Markel -
Philadelphia -
Risk Placement Services
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