About lambfinancialgroup

Lamb Financial Group is a Broker specializing in the placement of insurance products designed specifically for Human Service Organizations. We will carry out these responsibilities as a fiduciary representative for our Clients. We will do this without regard to the financial implications to our firm or the relations with any insurer.

Top Data Security Threats

cyber insurance for nonprofits

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Data breaches happen more often today than you may think and they can severely affect your non profit organization. Negligent employees or those with intent to harm your company are usually the causes of these breaches. Knowing how to avoid data breach and having the proper cyber liability insurance can save your non profit organization money, time, and customers.

Employee negligence is a major threat to your non profit organization. Opening links that contain viruses is one of the primary ways employee negligence contributes to a data breach. In addition, the prevalent use of mobile devices such as phones, lap tops, flash drives, and CDs are contributing to more breaches. These items are now carrying more sensitive information than ever. If an employee leaves one of these mobile items behind, sensitive information can be readily available to the public. Reporting the loss of mobile devices can help recover data and keep it from spreading to unintended to persons. Enforcing security policies for employees to follow will also reduce the risk of a breach.

Furthermore, lack of security against hackers and failure to back up data can contribute to a security breach. It is important to have a trustworthy IT staff who can keep systems updated and install the proper anti malware that will protect sensitive information. Below are a few other ways that can help you protect your organization:

Use stronger passwords
Have physical security systems for areas that store sensitive data
Teach employees the dangers of oversharing on social networks
Employ a policy for destroying documents

Losing data can incredibly hurt your non profit organization if you do not have the proper cyber liability coverage. This loss can cause your company time, the trust and business of your customers, and expenses through reimbursement to customers and paying for data recovery. Through speaking with an insurance professional from Lamb Financial Group, you can learn how to protect your non profit organization from data breach and the losses that come with it. Call 1-866-481-5262 or contact us to learn more information.

Safely Accommodating Employees with Disabilities at Your Nonprofit

nonprofit risk management and site safety evaluations

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One goal any organization should have in place is to provide a safe working environment for its employees. However, if your organization employs a person with a disability of any kind, there may be risks or exposures you haven’t considered yet that may cause the working environment to be less safe for them. The Americans with Disabilities Act (ADA) requires, “accommodations for both current and prospective disabled employees to perform the ‘essential functions’ of a job.” This is important to consider to make the workplace equally safe for these individuals and reduce risk.

The most important step to creating a safer working environment is to conduct an in-depth risk assessment with disabled employees in mind. Points the risk assessment should cover include the individual’s work-related tasks and activities; work equipment they will use, as well as other physical hazards; whether or not further information and/or training on the individual’s needs are necessary; and other general risk assessments.

Once your risk assessment is completed, you’re ready to start making accommodations that will make the disabled individual’s work environment safer. Some of these changes are simple and low cost, while others may be a bit more costly, but necessary. Examples include:

– Keeping pathways free of obstruction for those requiring the use of a wheelchair or assistive devices for walking.
– Installing hand rails in stairways, inside of bathroom stalls and in other locations deemed necessary.
– Widening doorways to accommodate employees in wheelchairs.
– Replacing stairs with ramps.

Everyone deserves a safe work environment, and Lamb Financial Group can help you achieve one. Site safety evaluations are a part of our risk management services. We can arrange for an inspection to ensure a safe place for all of your employees to work in, as well as help you achieve a work site in compliances with OSHA standards. Contact us today at 1-866-481-5262 for more information.


Survey Shows Many Organizations Still Aren’t Prepared for Sandy-Like Storms

nonprofit insurance

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It’s been well over a year since Hurricane Sandy unleashed its wrath on the New England area, causing many organizations to halt operations for months, and in some cases, to shut down completely. While one would think the effects of Sandy would cause those in leadership to amp up their disaster recovery plans, the results of a recent survey prove otherwise.

A New York-based agency polled business owners and managers in New York City, New Jersey, and Connecticut whose organizations were affected by Sandy last year. An astonishing 52 percent answered that their organization was not “financially prepared for another disaster,” which experts feel is a strong indicator that other organizations within the area are also not prepared to handle an event of that magnitude, either due to lack of appropriate finances and/or the means to deal with such a disaster.

Only 3 percent of those polled answered that they had taken the steps necessary to protect their organization by accessing more financing. Fifteen percent had taken steps to invest in and protect their organization’s technology, and 10 percent said they invested in infrastructure.

With natural disasters seeming to occur more often and more intensely, the time to prepare is now. Those in leadership should review business insurance policies regularly to ensure that the organization’s property and assets are covered, as well as make sure the organization is adequately covered by business interruption insurance. It’s also advisable that organizations back up their data so that critical information isn’t lost, should the organization’s building be destroyed.

No matter where your organization is located, Lamb Financial Group can help you find the right insurance policies to help keep your organization afloat, should a natural disaster drastically affect your property or operations. Visit our website today to learn more about our insurance options, or contact us to schedule an appointment with a representative by calling 1-866-481-5262.