Important Information for Illinois Businesses A cyber incident can affect businesses of virtually any size. Cyber Liability Insurance may help businesses respond to qualifying: Data breaches Ransomware Network attacks Privacy incidents Business interruption Data restoration Cyber extortion Notification expenses Legal and forensic expenses Certain cybercrime losses Coverage varies significantly between policies. Is Cyber Insurance Mandatory…
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Illinois' Personal Information Protection Act — PIPA applies to qualifying businesses and other data collectors handling personal information about Illinois residents. If qualifying personal information is breached, Illinois law can require notification to affected Illinois residents. Notification generally must be made: In the most expedient time possible and without unreasonable delay subject to the statutory…
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Businesses using biometric technologies should pay special attention to Illinois law. Examples may include qualifying: Fingerprints Facial geometry Retina or iris scans Biometric time-clock systems Illinois' BIPA contains requirements concerning: Written notice Consent Retention Destruction Disclosure of biometric information Private entities possessing biometric information must also establish a publicly available written retention and destruction policy…
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Additional Liability Protection Umbrella insurance provides additional liability protection above certain underlying insurance policies. It may apply over qualifying: Personal Umbrella Auto Insurance Home Insurance Condo Insurance Renters Insurance Certain Boat / recreational exposures Commercial Umbrella General Liability Commercial Auto Employers Liability Certain other qualifying policies Is Umbrella Insurance Mandatory in Illinois? Illinois does not…
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Standard Home Insurance Does Not Cover Flood This is one of the most important insurance facts for property owners. Standard homeowners insurance generally does not cover external flooding caused by rising water, groundwater, runoff or snowmelt. Commercial property and renters policies also generally should not be assumed to cover flood. Read more:Illinois Department of Insurance…
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These are not the same coverage. Flood Generally involves qualifying surface water affecting normally dry land. Water Backup May involve water backing up through: Sewer Drain Sump system Homeowners policies may offer Water Backup coverage by endorsement. Having Water Backup does not mean you automatically have Flood coverage. NFIP Coverage Limits NFIP currently provides qualifying…
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What To Do After an Insurance Loss After a loss: 1. Protect people first. Contact emergency services when necessary. 2. Prevent additional damage. Take reasonable temporary measures to prevent further loss. 3. Document the damage. Take photographs and video before disposing of damaged property when safely possible. 4. Report the claim promptly. Contact the insurance…
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Illinois law identifies certain conduct that may constitute an improper claims practice when statutory conditions are met. Examples include: Misrepresenting relevant facts or policy provisions Failing to acknowledge claim communications with reasonable promptness Failing to conduct reasonable investigations Failing to attempt prompt, fair settlement when liability has become reasonably clear Unreasonably refusing claims without investigation…
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Illinois DOI advises that your insurer must communicate with you within: 21 working days after notification of an automobile loss. You should also: Report hit-and-run, theft and vandalism to police Protect the vehicle from additional damage Cooperate with the claim investigation Review your Duties After Loss requirements Read more:Illinois DOI — Filing a Claim With…
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When you make a claim against someone else's insurance, you are making a third-party claim. Illinois uses modified comparative negligence. You can generally recover damages when you are 50% or less at fault, but the amount may be reduced by your percentage of fault. Read more:Illinois DOI — Filing a Claim With Another Driver's Insurance
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