BR Risk Group Specialty Insurance Services

09/02/2026

We are often asked by prospective clients what the difference is between crime insurance and cyber crime insurance. Don’t they cover the same things?

While both policies may cover computer fraud, funds transfer fraud, or social engineering, the same loss can be treated very differently under each coverage form.

Consider a criminal who compromises a vendor’s email account and sends fraudulent payment instructions. If an employee believes the request is legitimate and authorizes the transfer, the claim may not satisfy policy language requiring an unauthorized transfer.

Social engineering coverage may respond, but that coverage often carries its own sublimit, retention, and verification requirements.

This is why the overall policy limit tells only part of the story. A complete review should determine:

🔴 Which financial fraud coverages are actually included
🔴 Whether separate sublimits apply
🔴 What payment-verification procedures are required
🔴 How the policies treat client funds
🔴 Which policy responds when coverage overlaps

Commercial crime insurance and cyber insurance should be reviewed together. The goal is not to buy duplicate coverage. It is to make sure at least one policy clearly addresses the ways your firm could lose money.

➡️ Read the full article: https://www.brriskgroupins.com/crime-vs-cyber-crime-insurance

A crime vs. cyber crime insurance review must go beyond the name shown on the policy to determine which policy may actually apply.

08/17/2026

A cyber policy can carry a large limit and still leave a business exposed where it matters most.

First-party and third-party cyber coverage address different sides of the same incident.

First-party coverage may help with your company’s direct losses, including:

➡️ Incident response and forensics
➡️ Business interruption
➡️ Data restoration
➡️ Cyber extortion
➡️ Breach notification costs

Third-party coverage may respond when clients, regulators, or others hold your business responsible.

One cyber event can trigger both. However, the limits, retentions, sublimits, and reporting requirements may be very different.

Our latest article explains how both coverage categories work, where gaps can appear, and what businesses should review before a claim occurs.

🔵 Read the full article: https://www.brriskgroupins.com/first-party-vs-third-party-cyber-coverage/

First-party vs. third-party cyber coverage is the basic dividing line in almost every Cyber insurance policy.

08/07/2026

The Insurance Requirements section may be one of the shortest parts of a client contract. It can also create one of the biggest coverage gaps for your firm.

The contract establishes what your business has promised. Your insurance policy determines what coverage is actually available. When those two do not align, the difference can become your responsibility.

Before signing a client contract, be sure to understand:

→ Whether the required insurance policies and limits in the contract match your current insurance coverage
→ Whether requested terms, such as additional insured status for the client, are supported by your current policy
→ Why a COI does not amend policy coverage or confirm that every requirement has been met
→ How claims-made requirements may continue after the engagement ends
→ When both an insurance broker and qualified legal counsel should be involved

The latest article from BR Risk Group™ Specialty Insurance explains where these mismatches often appear and provides a practical starting point for reviewing insurance requirements before signing a client contract.

➡️ Read the full article: https://www.brriskgroupins.com/insurance-clauses-in-client-contracts/

Insurance clauses in client contracts can affect whether your firm can satisfy the promises it makes when a project goes wrong.

07/20/2026

Ransomware and social engineering may begin in the same inbox, but they create very different coverage questions.

Ransomware can shut down your firm's systems, interrupt your business operations, and trigger major recovery costs.

Social engineering can trick your employees into voluntarily sending money to a criminal.

This is when the policy details matter:

→ Is social engineering coverage included at all?
→ Does it carry a much lower limit than the overall policy?
→ Does the policy address employee-authorized transfers?
→ Are callback verification or other payment controls required?
→ How do the cyber and crime policies work together?

The goal for your firm should not be to simply carry cyber insurance.

It should be to protect how your business actually operates, including how your firm stores data, communicates with vendors, and transfers money.

➡️ Read the full article: https://www.brriskgroupins.com/ransomware-and-social-engineering-coverage/

Ransomware and social Engineering coverage addresses two very different ways a business can lose money in a cyber event.

07/14/2026

Artificial intelligence is here to stay in financial consulting. When used well, it makes a fractional CFO faster and more efficient across engagements.

What it cannot do is remove the professional duty you owe your clients.

You still need to verify the work, protect confidential client information, and stand behind clear contracts and sound controls.

The firms that handle AI risks for fractional CFOs well follow one simple principle: They let technology support their judgment without ever replacing it.

Our latest article explains the key AI risks for fractional CFOs, how those risks can become real claims, and why insurance coverage should reflect how the work is actually being performed.

➡️ Read the full article:
https://www.brriskgroupins.com/ai-risks-for-fractional-cfos/

AI risks for fractional CFOs are no longer a future concern. They are already part of modern financial consulting.

07/03/2026

Happy Fourth of July from all of us at BR Risk Group Specialty Insurance!

We hope you have a great holiday weekend and enjoy the time with family and friends.

06/22/2026

Private companies face real D&O exposure, even when they are not publicly traded.

Ownership disputes, investor communications, lender concerns, management decisions, and leadership changes can all create risk for the business and its decision-makers. A private company does not need public shareholders to face a claim. It only needs people making decisions on behalf of the company.

Our latest article, Private Company D&O Insurance Explained, breaks down what private company D&O insurance is, why it matters, where claims may come from, and what business owners should review before choosing a policy.

📌 Review our latest article: https://bit.ly/4eAxoIP

At BR Risk Group™ Specialty Insurance Services, LLC, we help business owners understand their management liability exposure and secure coverage that fits the company they are building.

For many business owners, directors and officers (D&O) liability insurance feels like something only large public companies need. In reality, private companies can face serious claims tied to …

05/25/2026

In remembrance of those who gave everything in service to our country. We are grateful, today and every day.

05/03/2026

At BR Risk Group Specialty Insurance, we don’t believe in one-size-fits-all insurance.

Your business has its own risks, contracts, clients, and challenges—so your coverage should be built around your operation, not squeezed into a generic policy.

We recently helped a small professional services firm that needed more than just a basic quote. After a consultative review, we identified key coverage gaps and added tailored endorsements to better protect the business.

The result? Clearer coverage, stronger protection, and greater peace of mind.

If you’re not sure whether your current policy truly fits your business, let’s take a closer look.

BR Risk Group Specialty Insurance
Insurance built around your business.

Visit www.brriskgroupins.com to start the conversation.

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04/11/2026

It is the near total interconnectedness of the world today that make cyber risks, and the potential for the losses associated with them to accumulate rapidly, a concern for virtually every type of business.

As more businesses shift to digital operations, cybercrime has increased, and a single data breach can lead to devastating consequences.

The primary benefit of cyber insurance is that it can help provide you and your business with peace of mind regarding the financial risks associated with cyber-attacks.

Learn more: https://www.brriskgroupins.com/should-my-business-focus-on-cyber-insurance/

Should my business focus on cyber insurance? The short answer for any size business, to help protect against cyber attacks, is yes!