Todays commercial construction firms are becoming better educated on the types of protection they need, such as Builders Risk, and on how it can help their business succeed, says Chris Smith, vice president and managing director for Turner Surety & Insurance Brokerage (TSIB) of Woodcliff Lake, N.J.

Experts say liability for the theft could fall on the processors of the debit cards used to perpetrate the crime, and make it difficult for other financial institutions to get cyber insurance coverage.

Experts say liability for the theft could fall on the processors of the debit cards used to perpetrate the crime, and make it difficult for other financial institutions to get cyber insurance coverage.

Older claims systemsmuch like policy systemsare not flexible enough to deal with the changes taking place within the claims departments of leading insurance carriers.