Is My Small Business Vulnerable to Cyber Attacks?
Posted: October 4, 2023
October is National Cyber Security Awareness Month. With the increasing prevalence of cybercrime in small businesses, it is crucial to be aware of the risks and take the necessary actions. The following statistics were reported by Small Biz Trends: Nearly 43% of cyber attacks target small and medium-sized businesses. Only 14% of targeted small businesses are prepared to handle cyber attacks. Costs of cybercrime are...
The Importance of Adapting Your Insurance to Your Business Growth
Posted: September 19, 2023
Watching your business prosper and grow can make all your hard work seem worthwhile. As you enjoy your success, it is important to be aware that as your business grows, risk management considerations increase accordingly. You may need to revise your business insurance because of expansion or any of various other factors. How Do Most Businesses Get Started With Insurance Coverage? For most business owners...
5 Labor Day Lessons on Securing Your Business
Posted: September 4, 2023
The long Labor Day weekend is a time for backyard barbeques and celebrating the holiday with family and friends. It is also an excellent time to review your coverage and ensure you have the following five main types of insurance to help protect your business. Business Owner’s Policy (BOP) Business Owner’s Policies (BOPs) are among the most popular insurance bundles for small business owners. They...
Errors and Omissions Insurance: What Is Covered?
Posted: August 19, 2023
Errors and omissions (E&O) insurance is a type of professional liability insurance. It is designed to protect professionals, including companies and workers, against claims of negligent actions or inadequate work brought by clients. Companies that provide services to customers for fees often purchase E&O insurance. What Does Errors and Omissions Insurance Cover? Generally, E&O insurance covers actions of professionals providing a service, including: Errors, mistakes,...
6 Reasons to Get Business Insurance Now
Posted: August 4, 2023
If you are wondering when the best time is to get business insurance, the answer is now. The protection it can provide is essential for your business, and some types of coverage may be required by law. The following are six reasons to purchase a business insurance policy now: Some Business Insurance Is Required by State Law Most states require small businesses to carry some...