Capital Risk
Advisors

The complete insurance product solution for commerical business

On average, identity theft victims will spend $1,500 in out-of-pocket expenses and an average of 175 hours in efforts to resolve the many problems caused by this crime. Federal Trade Commission: When Bad Things Happen to Your Good Name, September 2002.

Help your employees take steps to protect their personal and financial well being with this exceptional product. Generally other identity theft plans will provide coverage for a specific credit card or bank account. We help your employee with all issues related to identity theft. Other plans will provide assistance, tell your employee how to handle certain issues, and provide them with forms, but we will actually do most of the work it will take to restore your employee’s identity if it is stolen:

• Credit Reports
• Continuous Credit Monitoring
• Identity Restoration

As an employer, have you ever:

* Had an employee take time off work for personal legal or identity theft related issues?
* Lost productivity because of an employee's loss of focus on the job?
* Had to deal with complicated administrative forms and deductibles with your employee benefits?

The Group Life Events Legal Plan provides your employees with direct toll free access to a carefully selected Provider Law Firm for legal issues. With the Identity Theft protection, they can rest assured knowing conspicuous activity on their credit report is being monitored. If their identity is stolen, legal counsel is provided, as well as full restoration of their identity. This leaves your employees free to focus on their job, not their problems.

Now, you can easily guarantee protection of your business data, and ensure that your employees have legal support. With the Group Life Events Legal and Identity Theft benefit, your employees receive piece of mind, and a full menu of legal assistance, at a reduced cost to them, and no additional cost to you.

The Life Events Legal Plan™ provides your employees and their families with access to professional legal counsel not only for traditional legal problems, but for everyday events where legal review should be routine, but rarely is:

• Will preparation
• Contract and document review
• Trial defense
• Tax attorney
• Motor vehicle assistance
• Unlimited phone consultation

According to the FTC, Identity Theft is on the rise and is now America’s #1 crime and the fastest growing crime. “People whose identities have been stolen can spend months or years – and thousands of dollars cleaning up the mess the thieves have made of their good name and credit record.” - Federal Trade Commission

Current estimates by the Federal Trade Commission indicate that there may be as may as 10 million victims of identity theft each year. FTC studies estimate that victims of identity theft spend $5 billion to undo its harm, while businesses lose nearly $50 billion in revenue annually. Identity theft is a serious crime – its impact on consumers and businesses is staggering.

There is no way to prevent identity theft, but there is a way to protect and vastly limit your liabilities whether you are an employee, management, or owner with our Identity Theft and Legal Shield Protection products and Affirmative Defense Response System (ADRS) which is designed to help educate on legislation such as FACTA, GLB, and State specific laws that affect your business, and implement compliance procedures to abide by these laws and minimize the risks associated with each legislation.

With the creation of FACTA (Fair and Accurate Credit Transactions Act), the responsibility may be placed on you, the business owner. If any data regarding your customers, employees or vendors is stolen, lost, mishandled or misplaced, you may find yourself facing legal issues or fines or both.

Betsy Broder, Assistant Director of the Federal Trade Commission’s Division of Privacy and Identity Protection states, “We need to see that you’ve taken reasonable steps to protect your customer’s information…and will act against the companies that don’t…” “All businesses should look to the law for guidance on how to protect consumer data. ” Stolen Lives, ABA Journal, March 2006

87% of Business owners are not aware of FACTA and the associated laws and have not implemented the policies within their business practices. “If you experience a security breach, 20% of your affected customer base will no longer do business with you, 40% will consider ending the relationship, and 5% will be hiring lawyers!” CIO Magazine, The Coming Pandemic, Michael Freidenberg, May 15th, 2006

Front page USA Today headlines recently featured a May 15, 2006 headline from Michael Friedenberg, President & CEO of CIO Magazine, “The Coming Pandemic – No, not bird flu, Identity Theft”. The editorial continues, “David McIntyre, CEO of TriWest, reported that 53 million identities have been stolen to date and 19,000 more are stolen every day. When it comes to cleaning up this mess, companies on average spend 1,600 work hours per incident at a cost of $40,000 to $92,000 per victim.”

Capital Risk Advisors invites you to learn more about FACTA, identity theft in the workplace, and how to mitigate your liability with the Affirmative Defense Response System (ADRS) and the Identity Theft Shield as an employee benefit. Contact us to arrange for a Certified Identity Theft Specialist to come to your office to show you and your workforce how they can safeguard themselves against this serious crime.