LANSING – Retailers Insurance is coming to the aid of business men and women who bank online and face a serious risk they probably didn’t know they faced.
Under current banking regulations, financial institutions don’t cover losses from online attacks on business accounts, even though they do for individual accounts.
Retailers Insurance has partnered with RSG, Limited LLC, a Michigan-based risk services company, to bring the EFT Guard program to existing and future workers’ compensation insurance policyholders. This new coverage will be added automatically to new and renewed Retailers Insurance workers’ compensation policies starting November 1, 2014.
Provided in the EFT Guard program are several unique benefits not found in other carriers’ policies, including:
• Free educational resource center where you can use an assessment tool to determine your risk level;
• Free malware detection software to create a higher level of security and peace of mind;
• $100,000 in protection against unauthorized electronic funds transfer (Corporate Account Takeover).
Protection begins with issuance of the renewal or new policy. For additional information, policyholders should contact their insurance agent or visit www.royalgroupservices.com/retailerseftguard/.