Cybersecurity and Insuring That You Protect Your Business
Posted By Administration, Monday, September 24, 2018
Updated: Wednesday, September 19, 2018
Recorded September 19, 2018
Unfortunately, data breaches and other cyber-crimes are no inherent challenges of doing business in any industry. In the past few years, data breaches have resulted in major fines, legal fees and headaches – for not just large organizations but small businesses and professional services firms as well. No business is completely immune from being hacked or getting a virus. It has been reported that 55% of small businesses have experienced a data breach and that 53% have had multiple breaches?1
Data breaches can damage more than just your small-business computer system – it also can damage your reputation and put your clients and/or employees at risk.
This podcast will look at
- Why is it necessary for firms carry Cyber coverage in this day and age?
- How does Cyber Insurance differ from other lines of coverage, such as Professional Liability?
- How has Cyber Insurance evolved and where do you see it going in the coming years?
Mike Shea, President, Shea Barclay Group
Mike is a native of Tampa and second generation insurance agent. Mike is a 2004 graduate of the Florida State University College of Business with a Bachelor’s degree in Finance. After a brief career in the banking industry, Mike accepted a sales position at Thaxton Barclay Group. The firm, at the time, specialized solely in professional liability for law firms.
Prior to coming on board, Thaxton Barclay Group consisted only of two partners, with no employees, operating only in Florida. Mike was responsible for the firm’s geographic expansion and quickly grew our client base on a national level.
In July of 2012, Mike acquired a majority interest in Thaxton Barclay Group and took over as President. As President, Mike has expanded the operations through new product implementation, various association engagements and additional sales associates. The firm’s growth continues to be ahead of most industry metrics.
Today, Shea Barclay Group, formerly Thaxton Barclay Group, maintains 1,000+ clients in over 30 states.
Mike has spoken on many topics related to law firm risk management through local and state bar associations, as well as, state trial lawyer associations. He has had articles on law firm risk management published in multiple periodicals.
Mike is a former board member of Junior Achievement of Hillsborough County. He has also maintained a committee position with the Hillsborough Education Foundation. Currently, Mike serves on the Tampa Downtown YMCA Advisory Board. Mike is a graduate of the 2006 Tampa Connection Class. Mike is married to the former Leila Pallardy and has two young boys, Reilly (2) and Braden (new born).
Harrison Tropp, Advisor, Shea Barclay Group
Harrison Tropp is a native of Tampa, having graduated from Florida State University with a degree in Political Science. Following graduation, he began work as an advisor for a consulting group representing default law firms. While Harrison’s primary responsibilities pertained to business development, he gained first-hand experience in default services, law firm operations, as well as audit and compliance requirements. He began his tenure at Shea Barclay Group towards the end of 2016 with the primary role of helping default firms with their insurance needs, particularly related to compliance mandated insurance. Harrison’s expertise primarily centers on Professional Liability, Cyber, EPL, and Crime coverages. Harrison currently resides in Tampa, FL with his wife, Molly and dog, George.
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