Up to $500 credit for PPE in your Workers Comp Premium

Get the Credit You Deserve!
As you continue to get back to business, the NYSIF is here to help you do it safely – and save you money along the way. Their Personal Protective Equipment (PPE) Premium Credit Program rewards customers like you with a one-time credit up to 5% of your annual premium (capped at $500) for the purchase of safety equipment and materials.

Please contact your Keevily representative to discuss your options. 

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For more information please watch the short video below

NYSIF Resumes Billing & Cancellations

New York State Insurance Fund (NYSIF) will be resuming routine billing and cancellation procedures with your September bill.  NYSIF’s COVID-19 Financial Relief Program provided policyholders assistance amid historically difficult business conditions. They went well beyond the industry standard of 60 days suppression of cancellations. Their relief program included the following: 

  • Suppressing policy cancellations from mid-March through August
  • Adjusting premium and payments schedules to reflect current business descriptions
  • Waiving all interest charges, installments fees and late fees for this period

 As businesses recover amid phased-in reopening of the NY economy, the temporary suspension of policy cancellation due to COVID-19 will end on August 31, 2020. If you have been making your normal payments, this will not affect you and you should continue to do so. On the September statement any unpaid amount due from your last statement, as well as any remaining audit balance, will appear on the back of your statement as “Deferred Premium.” This Deferred Premium will be payable in equal monthly installments over a 12-month period. Any other premium that does not qualify for this special arrangement will be payable according to the policy billing and endorsement. 

If you have not already done so, it is extremely important that you contact your Keevily representative to let us know whether you experienced any changes in payroll between mid-March and September, so that we can have the NYSIF adjust your premium accordingly.   

We hope the NYSIF’s relief program made a difference during this difficult time. If you continue to experience ongoing financial difficulties, please reach out to us and we will work together with the NYSIF on a plan to help you avoid cancellation and any lapse in coverage as your business continues to recovers. Please find our contact information by clicking here Contact List.

NYSIF AutoPay Available for Policyholders

The New York State Insurance Fund (NYSIF) has introduced AutoPay, which allows Workers’ Comp and disability benefits policyholders to sign up for automatic, recurring, monthly payments at nysif.com. AutoPay is simply the easiest and most convenient way to pay your NYSIF premium.

They heard from customers who asked for an automatic payment option and we are happy to bring you this new service, giving policyholders one less task to complete and one less due date to remember each month.
AutoPay offers multiple payment options: Policyholders can pay with a checking account, savings account, debit card or major credit card via our electronic payment vendor.

AutoPay requires a NYSIF online account. Creating an online account is fast and easy. Once you create your account and enroll in AutoPay, monthly, automatic payments will begin with your next billing statement. NYSIF will send you an email notification immediately after payment is confirmed and automatically before each scheduled payment. 

Please contact your Keevily representative to discuss your options. You can find our contact information by clicking here: Contact List.

Cyber Liability: Cyber Security for Small Businesses

High-profile cyber attacks on large companies have raised awareness of the growing threat of cyber crime. Recent surveys conducted by the Small Business Authority, Symantec, Kaspersky Lab and the National Cybersecurity Alliance suggest that many small business owners are still operating under a false sense of cyber security.

The statistics of these studies are grim; the vast majority of U.S. small businesses lack a formal internet security policy for employees, and only about half have even rudimentary cyber security measures in place. Furthermore, only about a quarter of small business owners have had an outside party test their computer systems to ensure they are hacker proof, and nearly 40% do not have their data backed up in more than one location.

Don’t Equate Small with Safe

Despite significant cyber security exposures, 85% of small business owners believe their company is safe from hackers, viruses, malware or a data breach. This disconnect is largely due to the widespread, albeit mistaken, belief that small businesses are unlikely targets for cyber attacks.

In reality, data thieves are simply looking for the path of least resistance. Symantec’s study found that 43% of attacks are against organizations with fewer than 250 employees.

Outside sources like hackers aren’t the only way your company can be attacked—often, smaller companies have a family-like atmosphere and put too much trust in their employees. This can lead to complacency, which is exactly what a disgruntled or recently fired employee needs to execute an attack on the business.

Attacks Could Destroy Your Business

As large companies continue to get serious about data security, small businesses are becoming increasingly attractive targets—and the results are often devastating for small business owners.

According to a recent study by the Ponemon Institute, the average annual cost of cyber attacks for small and medium-sized businesses is over $2 million. Most small businesses don’t have that kind of money lying around, and as a result, nearly 60% of small businesses victimized by a cyber attack close permanently within six months of the attack. Many of these businesses put off making necessary improvements to their cyber security protocols until it was too late because they feared the costs would be prohibitive.

10 Ways to Prevent Cyber Attacks

Even if you don’t currently have the resources to bring in an outside expert to test your computer systems and make security recommendations, there are simple, economical steps you can take to reduce your risk of falling victim to a costly cyber attack:

  1. Train employees in cyber security principles.
  2. Install, use and regularly update antivirus and antispyware software on every computer used in your business.
  3. Use a firewall for your internet connection.
  4. Download and install software updates for your operating systems and applications as they become available.
  5. Make backup copies of important business data and information.
  6. Control physical access to your computers and network components.
  7. Secure your Wi-Fi networks. If you have a Wi-Fi network for your workplace make sure it is secure and hidden.
  8. Require individual user accounts for each employee.
  9. Limit employee access to data and information, and limit authority to install software.
  10. Regularly change passwords.

In addition to the listed tips, the Federal Communications Commission (FCC) provides a tool for small businesses that can create and save a custom cyber security plan for your company, choosing from a menu of expert advice to address your specific business needs and concerns. It can be found at www.fcc.gov/cyberplanner.

Your Emerging Technology Partner

A data breach could cripple your small business, costing you thousands or millions of dollars in lost sales and/or damages. We have the tools necessary to ensure you have the proper coverage to protect your company against losses from cyber attacks. Contact an Acrisure Agency Partner for additional cyber risk management guidance and insurance solutions.

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