Identifying & Mitigating Cyber Security Threats in Vehicular Technologies

Contribution of Industrial All Risks Insurance to the Growth of Manufacturing Firms in Kenya

“…Manufacturing businesses don't necessarily experience the typical cyberattacks that make the news. The cyber risk for mid-sized manufacturing businesses is mainly about losing crucial data due to data corruption or cyber extortion, as well as losing private customer and staff data, like billing and payroll files (Lamba, Singh, Dutta & Rela, 2016). According to Thakur et al (2017), every business that uses technology and the Internet should take precautions to evaluate their vulnerability to cyberattacks and data loss, and then develop reaction mechanisms to reduce the effects of such an assault.…”

“…An industrial all hazards insurance policy can help to cover difficulties ranging from main product manufacturing to components sales in the manufacturing industry (Lamba, Singh, Dutta & Rela, 2016). Multimedia, marketing, and advertising, as well as privacy liability, and data security, are some common facets of manufacturers' professional liability.…”

“…The manufacturer may be held accountable if the product it produced results in property damage or personal injury. An industrial all risks insurance will protect the maker but professional liability insurance will not (Lamba et al, 2016). Should the manufacturer need to defend himself in court, this can be very helpful.…”

“…The producer must also cover the cost of medical care for any employees who come into contact with the dangerous material (Feng, Mol, He, & Van Koppen, 2016). The only way to be insured in the event of a chemical spill or any other pollution issue is to get a policy expressly for this since pollution problems are not covered by a typical commercial property insurance policy (Lamba, Singh, Dutta & Rela, 2016). The proprietors of a company should have this coverage if it uses hazardous ingredients to make its products.…”