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How insurance can help seasonal businesses during uncertain times

Following a severe weather event, the recovery process is hardly ever easy. However, if small and medium-sized business owners do not have the right property insurance in place, it can be even more difficult to reopen for customers.For example, some businesses are seasonal, or will see higher revenue during certain parts of the year. What happens if severe weather strikes? Or if a cyber criminal hacks into the computer system? With regular customers only ...

Lessen your company's vulnerability with the right technology insurance

Few businesses are completely impervious to change, which is why many sectors have been integrating more computer systems into their daily operations. However, with those adjustments also comes the risk of cyber attacks, something that companies of all sizes must prepare for."Small businesses generally have fewer resources available to monitor and combat cyber threats, making them easy targets for expert criminals," Chris Collins, chairman of the House's Subcommittee on Health and Technology, told Entrepreneur. ...

Prepare for time-consuming and expensive recoveries

No business owner ever expects to temporarily or permanently close due to unforeseen circumstances. However, nearly every company head expects to have a quick recovery should anything from a natural disaster to vandalism occur to their store front. Without the necessary preparations in place, that latter situation will be even more difficult to achieve.A comprehensive insurance policy can help business owners work toward reopening their business. This blog has previously discussed the importance of ...

Small business owners need to take care to not be left behind

No company wants to close its doors after only a few years. However, without the right preparations, business owners will find it more difficult to remain open. As technology continues to evolve, and natural disasters and other unforeseen events remain a possibility, having a comprehensive insurance policy is a necessity for small and medium-sized businesses.A recent contribution piece in Forbes examined the data, and said that a major reason smaller businesses fail is that owners ...

High-profile hacking is a reason for businesses of all sizes to be prepared

"It will never happen to me."That is a dangerous mindset for small and medium-sized business owners to have, especially when it comes to sensitive information that is stored online. Computer systems have become commonplace in companies across all industries. Whether organizations use databases - virtual or physical storage - for customer information or otherwise, security measures are crucial.However, the unexpected can still happen. Without the right technology insurance in place, businesses could be facing an ...

Invest in business insurance now to avoid hassles later

Murphy's Law states that anything that can go wrong, will go wrong. When it comes to finding the proper insurance coverage for your small to medium-sized business, this saying might be a little dark, but it holds some truth to it. If company owners do not have a comprehensive policy that can account for the unexpected, then it will be much more difficult to recover after the fact.For example, when severe weather happens, business ...

Have commercial auto insurance for all seasons

Not having personal auto insurance can be detrimental to any individual who wants to drive a car. For small to medium-sized business owners, though, not having an insurance policy that accounts for their commercial vehicles will have its own repercussions.Personal car insurance is not enough for company heads. If a driver is making a delivery or simply going on a run for a manager, it is important to have comprehensive coverage that accounts for ...

Why small businesses need to have data protection plans in place

The digital age is in full force, and it is important for small and medium-sized businesses (SMBs) to have necessary precautions in place to keep their data, and customers' information, safe. However, even with large corporations experiencing security breaches, smaller firms are not taking notice.A recent report from software developer Spiceworks found that of 1,000 SMB IT officials surveyed, nearly half had experienced a data loss at their company. Even though many organizations are ...

Small businesses should never underestimate the power of good insurance

Insurance policies are often thought of as things that are never necessary until you don't have it. Whether or not this is true, it is not a healthy mindset for small to medium-sized business owners to have. Comprehensive coverage should be part of the process when designing an organization's plans. Otherwise, it could be difficult - if not impossible - to recover from unforeseen events.This blog has previously discussed the long and arduous process ...

As businesses transition to virtual needs, they need to keep insurance accurate

With more companies adopting new computer systems into their daily operations - such as cloud technology and virtually stored information - it is important for owners to keep their insurance policies up-to-date as well. The same way that businesses need to occasionally adjust marketing techniques, in order to meet the changing needs of their customers, insurance coverage might need to be adjusted over time.The task does not have to be as daunting as some small or medium-sized ...