Cyber Liability Insurance: What is it for?

In June 2024, a large national software provider, CDK Global, was attacked. The ransomware attack affected thousands of auto dealerships around the U.S. Every aspect of the auto dealer’s business was potentially affected, from the car buying process to servicing vehicles to some payroll systems.  This brings to light the real-life damage a cyber-attack can do. 

Customers were warned to check their credit reports, put a fraud alert or even freeze their credit with the three major credit bureaus. Also to change passwords on any dealership related apps or online payment plans they are using for their vehicles. 

Now, what can the dealerships do?

What the dealership can do to deal with this attack is contact their insurance company to verify their cyber liability coverage.  Cyber liability coverages vary depending on the business’s forecasted needs in the event of a data breach.  The main costs of a breach may include data restoration, loss of income, cyber extortion, notification costs, and crisis management expenses. 

A data breach could potentially trigger claims and lawsuits from clients or customers and a business needs to review their policy to check what is covered. Coverage may include network security and privacy liability, electronic media liability and regulatory proceedings.  

To better protect your business and your clients, set up a meeting with your insurance agent to review exactly what type and what kind of coverages you currently have. Take action by adding any additional coverage recommended and stay on top of the software your business uses.  Ask questions and be prepared as this type of crime happens without the criminal ever stepping foot in your business.

Clockwork Insurance Services offers cyber liability insurance and can assist you in reviewing your current coverages. For more information go to:

Call Clockwork Insurance Services at 504-262-8240

The Importance of Proper Systems Alongside Commercial Insurance Coverage

Some businesses view insurance as their only safeguard when problems arise. While insurance is intended to provide coverage during situations beyond your control, it shouldn’t be an overreliance, particularly when many aspects are within your grasp. Failure to take care of your business, its property, and its employees places you at avoidable risk, leading to excessive use of insurance. We at Clockwork Insurance Services in Metairie, LA, advocate for a more balanced approach.

Emphasizing the Importance of Appropriate Systems Alongside Commercial Insurance Coverage

In your operations, it’s crucial to implement safety structures and protocols to minimize risk. This can include employee training on equipment use, data tracking for risk assessment, signage to prevent accidents, and conducting meetings when issues arise. These mechanisms need to be in place, as over-relying on insurance to address accidents or disasters could spell trouble. This might increase your premiums, necessitate purchase of broader coverage to accommodate your needs, and potentially slow or complicate claim settling process. Hence, taking necessary precautions and using insurance coverage only when imperative is best.

Secure Your Business With Clockwork Insurance Services

Ensuring comprehensive protection for your business is vital, whether it’s about training or insurance policies. If you are looking for insurance in Metairie, LA, the team at Clockwork Insurance Services can assist! Request a quote now to embark on your business journey.

Coverage Highlight: What Does Workmanship Coverage Mean For Your Jewelry Business?

In the world of jewelry, craftsmanship is paramount. Skilled jewelers are dedicated to providing exceptional care and precision whether performing repairs, resizing a piece or cleaning cherished items. However, even the most meticulous artisans can encounter unforeseen issues. This is where workmanship coverage becomes crucial.

What is Workmanship Coverage?

Workmanship is a line of coverage that can be included in your jewelers’ block policy. It is designed to protect your jewelry business from the potential financial repercussions of accidental damage to customers items while performing repairs or maintenance that are in your care, custody or control.

Understanding the intricacies of jewelry insurance assists in your decisions on the coverage you need. Our team is committed to helping you navigate your coverage options, ensuring you understand the extent and limitations of your insurance. We work with you to tailor a plan that suits your specific needs, providing comprehensive protection for your jewelry business.

For more information or to get a quote on our jewelers block insurance, please visit and fill out the form. A representative will get back to you promptly.

You can reach us at: 504-262-8240.

Protect your jewelry business and give your clients the assurance they deserve by including workmanship coverage in your jewelers’ block insurance policy.

Contact Clockwork Insurance Services for a review of your policy.

How do I protect my business during storm season?

One of the top ten steps to protect your business in the event of a major storm, whether it is a hurricane, or a tornado is to review your business insurance policy.

Things to consider while reviewing your policy are:

  1. Does your insurance policy include water damage protection?
  2. Does your insurance policy include clean up?
  3. What assets are protected by your current policy?
  4. Is your data covered with your current policy?

When a storm is approaching is when the business owner initiates your storm preparedness plan. Most important is to protect your employees and have a communication plan in place to get emergency information out to your team. This is the first step to protecting your business’s ability to regroup and get back to business once the storm has cleared and it is safe to return. A business continuity plan is one of the best ways to prepare for any disruption in business. This should always include the insurance coverages listed above.

Staying in touch with our clients, at Clockwork Insurance Services is included in our preparation for any disruption in business. Rest assured we will be here to provide you with answers to your questions and claims even if we are also in the path of the storm.

Clockwork Insurance Services is dedicated to assisting you with answering all your questions to give you the peace of mind you desire when facing a potential devastating storm in your area.

Call us today to set up a review of your policies and take that step to protect your business!

504-262-8240 or visit our website:

Why do I Need Commercial Insurance?

If you have a business, you need commercial insurance because, frankly, stuff happens. Even if you’re very careful, natural disasters will happen. The thieves are not all in jail yet. People get injured and want to sue. People get angry in general and want to sue. Employees are only human and might not be able to work if ill or injured. These things can lead to a substantial financial loss. Commercial insurance will make sure that your business doesn’t go under due to unforeseen circumstances.

Types of Business Insurance

There are three types of business insurance with their own subtypes. There is limited liability insurance that covers legal or medical fees that you’ve been held responsible for. Commercial property insurance covers the cost of repairing or replacing any company property that gets damaged. Business income insurance compensates for lost income due to interruption of business or other extra expenses.

What Kind of Business Insurance Do I Need?

To start with, you need liability insurance, both general and professional. Liability policies cover legal fees and settlements if you are found liable for any damage or injury to others.  If you have employees, you’ll need workers’ compensation insurance. Even if your business is an LLC, you will still need insurance to take care of workers’ compensation, damages, and liabilities. If you are the sole proprietor, you will need liability insurance in order to protect your personal assets. WE can discuss what limits make sense for you and other aspects of coverage to be sure you are comfortable with your choices.

Clockwork Insurance Services Serving Metairie, LA

If you are in need of commercial insurance and are in the Metairie, LA area, please contact Clockwork Insurance Services. Our professional and courteous agents are dedicated to helping you get what you need to keep your business going.