About // Insurance Carriers // FAQs // Blog // Contact // (800) 525-3817

Personal Insurance

We’ve got all the kinds of coverage you need, from car and home to motorcycle and boat insurance. Give us a call today or request a quote to find out how affordable insurance coverage can be.

 
Commercial Insurance

You’ve worked hard to build your business. Don’t let all that be for nothing by leaving yourself, your employees, and your future unprotected. We can help you find complete coverage at an affordable price.

Current Clients

Request Service
for Your Policy

Contact Us
This form does not yet contain any fields.
    Thursday
    Feb142019

    Protect Your Company from Identity Theft Liability

    If your business does not properly dispose of personal information from customers or employees you could be fined, sued or involved in a costly class action lawsuit.  Effective June 1, 2005, the new strict information Disposal Rule changed the way nearly every business in the United States must handle sensitive personal information. 

    Identity theft is the fastest growing crime in America.  The Federal government has recognized that improper disposal of sensitive information is a key cause of identity theft and is firm in its commitment to prevent identity thieves from obtaining personal information. 

    The Fair and Accurate Credit Transactions Act is an amendment to the Fair Credit Reporting Act.  The new Disposal Rule portion of the law requires companies to properly dispose of all paper or electronic personal data by reasonable measures such as shredding or burning for paper records.  Third party companies that specialize in proper information disposal can be contracted to handle this responsibility.

    If you do not comply with the new Disposal Rule, your company could be subject to civil liability for actual or statutory damages as a result of your inaction leading to the identity theft; class action lawsuits, if a large number of employees or customers are involved; and federal fines of up to $2,500 for each violation, and state fines of up to $1,000 for each violation.

    When implementing information disposal practices, consider the following:

    - Have a valid reason for requesting the information that you gather.

    - Acquire data in a private manner that cannot be seen or overheard.

    - Install effective security on systems that store personal data.

    - Make sure that sensitive data is treated as highly classified and is access controlled.

    - Make all paper and electronic documents unreadable before disposing of them.

    - Train all personnel in proper procedures for identifying, handling and disposing of personal information.

    - Consider conducting background checks on all employees with access to identifying information including mailroom staff, clean-up crews, customer service technicians and temporary workers.

    - For your protection in case of a lawsuit, formalize your information disposal program including maintaining detailed documentation of each security measure you establish.

    PrintView Printer Friendly Version

    EmailEmail Article to Friend

    Reader Comments

    There are no comments for this journal entry. To create a new comment, use the form below.

    PostPost a New Comment

    Enter your information below to add a new comment.

    My response is on my own website »
    Author Email (optional):
    Author URL (optional):
    Post:
     
    Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>
    « Outta the Way! Understanding Move Over Laws | Main | Tackling Child Safety Seat Challenges »

    Give Us a Shot
     
    Follow Us
         
       
     
    Contact Info
     
     
    Legal Stuff

    California license #0D60878
    Arizona license #151474
    Georgia license #175676
    Idaho license #464725
    Kansas license #753057454-000
    Oregon license #100156593
    Nevada license #18577
    New Mexico license #100009065
    Texas license #1991219
    Washington license #224471

    Copyright © 2013, Stanley M. Davis Insurance. All rights reserved.

    This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 Unported License.

    Powered by Awesurance

    Admin | Forms