Please tune in to this episode of The Building BITE Podcast, as we hear from industry experts about key topics to help you be successful. The Building BITE hosts Chris Epps, LEED AP, and Mike Diercksen, CRIS, welcome Chris Mortifoglio, CPA,CFE, Principal & Founder at Rockland Consulting Group.

We begin the episode hearing about the various experiences that ultimately lead Chris to starting his own firm with a focus on helping insureds package insurance claims. Chris shares some growing trends he has seen in the market, with Cyber Insurance becoming a key player as it touches so many commercial verticals. Chris shares some key examples of how Cyber losses are an increased area of concern for the Construction Industry leaving our audience three key takeaways.

1. Cyber Risk is Growing: As the Construction Industry continues to grow and advance through technology, cyber risks are going to become a more significant concern. As the risks continue to evolve in the years ahead, be sure to stay vigilant and plan for the upcoming challenges.

2. Be Mindful of Your Technology Partners: It is imperative that you choose your technology partners wisely, as their IT infrastructure adds another element of risk to your business. Make sure you are proactive when addressing data integration and protecting not only your business but partnering with firms that have taken similar precautions with theirs.

3. Cyber Insurance: a Must Have: Although not always at the front of mind for many in the Construction Industry, it is important to secure and utilize Cyber Insurance. This is an important tool, like many other lines of insurance, that allows for the transfer of risk and can help mitigate and educate insureds looking to protect against cyber occurrences.

To learn more about how you can better prepare your firm for the opportunities ahead, listen to our full podcast episode with Chris on “Cyber Insurance, a growing need for the Construction Industry.”

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