
Did you know that if your business has no choice but to pay the expenses that insurance companies won’t cover?
Did you know that if your business has no choice but to pay the expenses that insurance companies won’t cover?
April Fools!
We were only joking.
You absolutely have access to an amazing type of insurance policy that will give your business the same type of umbrella that you use to keep you dry during those April showers.
The umbrella we’re talking about is called Excess Liability Insurance. Excess liability insurance is made to help you pay liability costs in excess of existing insurance limits and provide coverage in areas not included in existing policies.But what does that mean for your company?
Picture this.
Your company finds itself in a lawsuit regarding damages for a liability claim, and the jury dictates that you are, in fact, liable.
They state that your company has to pay $3 million for the damages that were done. It’s not exactly what you want to hear, but this is why you have insurance. They should pick up the cost right?
Unfortunately, your policy states that they have a policy limit of $2 million dollars for this type of claim leaving you to pay $1 million out of your company’s revenue.
At this point, you’ll be kicking yourself because you didn’t make the investment into an excess liability insurance plan that would’ve covered the excess cost of this claim.
We know that you can’t foresee the holes in all of your insurance plans, and you cant be expected to know the limits of every policy, but that’s why GDI keeps you covered by offering excess liability insurance plans.
At GDI, we treat your business like it is our own, because keeping your business above water is the whole point of having insurance.
It’s designed to be the net that catches you, not to take your money and leave you out to dry. GDI knows your business is your biggest accomplishment, and we want to see it flourish just as much as you do.
If you’re in need of Excess Liability Insurance, then contact us. Click the link below to get a free quote on your own Excess Liability insurance plan and see how else we can help your business.

Congratulations to our President on his ARM Certification!
Our President, Matt Davis, just obtained his Associate in Risk Management (“ARM”) designation. Looks like he now thinks he’s some kind of a “big deal”.
Congrats to Matt on the accomplishment, and we look forward to being able to provide even better guidance and service to our clients.

About the ARM Designation
Associate in Risk Management – ARM – is the is the industry leading designation for Risk Management operations and design, and is held by Professional Risk Managers throughout Insurance, and nearly ALL other industries. Being that Insurance is just one component of a robust Risk Management Program, we are proud that Matt obtained this designation.
To learn more about what GDI can do for your business through insurance and risk management, click the link below.

It’s Time for a Workers’ Compensation Program Upgrade
Successful companies aren’t just companies that make a lot of money.
Successful companies are those with a glowing outside and a healthy inside.
They are businesses that take care of their employees just as much as their customers.
Recently, there’s been a big push for cheap or cut-rate workers’ compensation insurance. And, when considered as part of your safety program, workers’ comp is an investment in your business’ most important asset – your employees.
Here are three reasons why a good workers’ comp policy is everything:
✔️It’s required in most states
✔️It helps injured workers get what they need
✔️And, it protects your business
But what matters most is choosing an insurance broker that helps you through the policy selection process and helps you choose a policy for your business that is the best it can be.
At GDI, we know how hard it can be sometimes when choosing. Workers’ comp requirements change by state, and policies vary by company.
So, we let you lead us. We’ll help you compare policies, prices, and allow you to choose the right one for you. And we help you save money too.
Our programs allow you to insure your own employees and give them the peace of mind that you have prepared for anything.
It shows not that you’re thinking about yourself, but that you care about them. You see them as the lifeblood of your business, because they are.

Double Extortion Ransomware Attacks
Double Extortion Ransomware Attacks
In recent years, ransomware attacks have steadily been on the rise. These incidents—which entail cybercriminals compromising a device or server and demanding a large payment be made before restoring the technology (as well as any data stored on it) for the victim—double extortion ransomware attacks are one of the most damaging cyberattack methods, incurring an average of $1 million in total losses per incident.
As these attacks become increasingly common, numerous ransomware techniques have also emerged. Specifically, double extortion ransomware attacks are now a potential cybersecurity concern for organizations across industry lines. This technique follows a similar protocol to that of a typical ransomware attack, but comes with an extra threat—the victim must pay a ransom not only to regain access to their technology and data, but also to keep that data from being uploaded publicly online.
Double extortion ransomware attacks are particularly concerning, seeing as these incidents can further pressure organizations to comply with ransom demands in order to keep their data private. Review the following guidance to learn more about how double extortion ransomware attacks work and what your organization can do to prevent such an attack.

How Double Extortion Ransomware Attacks Work
To outline the general framework of a double extortion ransomware attack, this technique starts out like most other ransomware incidents, in which a cybercriminal first gains access to their target’s device or server—often via phishing scams, nonsecure websites or malicious attachments. From there, the cybercriminal is able to compromise the victim’s technology and encrypt data stored on it. Then, the cybercriminal delivers their ransom demand and accompanying consequences for noncompliance.
Contrary to a typical ransomware incident, however, these consequences are twofold. That is, failing to pay the ransom could result in the cybercriminal both permanently restricting the victim’s access to their technology and sensitive data, as well as sharing this data publicly on the internet. Although double extortion ransomware attacks can occur at any organization, these incidents are most common within establishments that store a considerable amount of sensitive data. This includes health care facilities, financial institutions, government organizations and large retail businesses.
Double extortion ransomware attacks can be significantly more damaging for affected organizations than typical ransomware incidents. This is because even if organizations have protocols in place (e.g., storing data in multiple secure locations) that allow them to recover their compromised information without paying a ransom, they may still be pressured to do so in order to keep their data from going public. After all, a data breach can lead to further ramifications—including reputational damages, regulatory fines and class action lawsuits.
What’s more, cybercriminals who conduct double extortion ransomware attacks are known to demand higher ransom payments, sell or trade stolen data to other attackers for future extortion attempts and still move forward with sharing data publicly even after the ransom is paid (whether on purpose or by accident)—making these attacks all the more damaging.
Preventing Double Extortion Ransomware Attacks
When it comes to combatting double extortion ransomware attacks, it’s important to prioritize standard ransomware prevention measures. This includes conducting routine employee training on how to detect potential ransomware risks (e.g., suspicious emails or attachments), implementing policies that prohibit browsing nonsecure websites on organizational servers or devices, and installing adequate security features on all workplace technology (e.g., a virtual private network, antivirus programs, data encryption software, email spam filters, an internet firewall and a patch management system).
In addition to these key prevention measures, the best course of action for reducing double extortion ransomware attack risks is to establish an effective cyber incident response plan for your organization. This plan should explicitly address double extortion ransomware attack scenarios and outline steps that employees should take to limit the damages during such an event.
Lastly, it’s vital to secure appropriate insurance coverage for ultimate peace of mind in the event of a ransomware attack. A dedicated cyber insurance policy can offer much-needed support and resources when an attack occurs, minimizing the potential damages and financial impact on your organization.
For additional risk management guidance and insurance solutions, contact us today.

California’s Leader in Insurance and Risk Management
As one of the fastest-growing agencies in California, GDI Insurance Agency, Inc. is able to provide its clients with the latest and greatest of what the insurance industry has to offer and much, much more. The GDI team has developed an “insurance cost reduction” quoting plan, that provides you with the best coverage at the best rate!
We are headquartered in Turlock, CA, with locations across the heart of California’s Central Valley, Northern California and beyond to provide a local feel to the solutions and services we provide our clients. We pride ourselves on exceeding our client’s expectations in every interaction to make sure that our client’s know how much we value and appreciate their business.
Contact us today 1-209-634-2929 for your comprehensive cyber liability insurance quote!