Potential Small Business Risks
In some ways, owning a business is like being a parent. There’s the joy of training your employees to perform in ways that help your business flourish. But there’s a distinct downside, namely that opening any business is flooded with managing risk, specifically liability risks. In the same way that parents end up having to…
Read MoreChoosing a Business Insurance Provider: Everything You Need to Know
A huge part of being a small business owner means having to purchase insurance. Some types of business insurance are required by federal law. Others are so crucial to protecting the health and well-being of your employees—not to mention protecting yourself from potential liabilities—that they should be required. Choosing the right bundle of insurance plans…
Read MoreBusiness Insurance Plans – Do I Need One?
Would you rock climb without a harness? How about race a car without a seatbelt? Of course you wouldn’t! Those items protect you and allow you to perform risky maneuvers in relative safety. Without them, you’re vulnerable to serious injury, if not certain death. Similarly, you’d never operate a business without the proper insurance. There…
Read MoreWhat Is Cyber Liability Insurance?
Just a decade ago, cyber liability insurance was scant more than a niche market. The insurers that offered it either did so at an outrageous cost—while failing to cover much—or as inexpensive, sub-limited addendums to existing cyber policies. Now, though, the cyber insurance market has burgeoned and become an essential element to any business’ risk…
Read MoreCyber Insurance 101: Why You Need It
Your business is a ship. A fine, sea-hardened vessel with a hard-won reputation for providing safe passage to all aboard and timely delivery of cargo. Pre-digital revolution your greatest worry? Weather and piracy. Now, in this day and age, cyberattacks on your, your employees’ and your clients’ sensitive data are like an infestation of plague…
Read MoreWhat Does a Cyber Liability Policy Cover?
The enhanced accessibility of electronic data storage has created new opportunities for businesses to digitize processes and streamline efficiency from top to bottom. While cloud computing has revolutionized the way firms store and apply data, these advancements also come with their own risks. Cybercrime has emerged as a major threat to every company’s proprietary information,…
Read MoreWhat Is the Average Cost of Cyber Liability Insurance?
The digital age has paved the way for astounding innovation and—as with most emerging technologies—has created new vulnerabilities for people and businesses. And in the case of cyber liability insurance coverage, we’re talking specifically about data breaches. Today, the average data breach costs $3.86 million. Additionally, you might be surprised to discover that 58% of…
Read More