It’s no secret that having the right technology is critical to being a successful independent agent. But as independent agents embrace technology, they must also be aware of the risks for cyberattacks and know how to protect their business.
Taking the necessary steps to be cybersecure gives agents another clear advantage — they are then better able to educate their small business clients on how to purchase the best cyber insurance while meeting the ever-growing list of compliance regulations and requirements which differ from state-to-state, but are becoming more stringent in all states.
And now agents must be aware of a new emerging risk: the compliance requirements being imposed upon them via their carrier and brokerage contracts due to their status as an affiliate of the carrier or brokerage.
This article originally appeared at https://www.insurancejournal.com/magazines/mag-ideaexchange/2019/05/20/526865.htm