2017 is set to be a very good year for small businesses. Many communities are promoting local businesses. Finally, there will be a number of large retailers closing their doors in 2017, and this might be a good thing for local businesses.
Security should be a central theme for your business in 2017. Small businesses are a target for cyber criminals, as small businesses tend to have less sophisticated security systems. AVG Technologies, a provider of security solutions, states that some of the biggest threats businesses must contend with this year include hacking of mobile devices, gadgets from the Internet, and cloud computing assets.
One of the biggest risks faced by businesses is the unintentional violation of laws and regulations. If you violate a law, or create a legal issue with another person or business, your business insurance may or may not respond. We recommend that allowing us to complete a review of your business insurance to make sure that you have the proper business insurance.
Every business is at risk for a cyber breach. Even the White House recently experienced a cyber breach. Cyber breaches are now a fact of life, and every state now has mandatory requirements for data breach notification. Statistics show that 39% of all cyber incidents affect businesses with fewer than 100 employees. If you store data, including private information on computers, use e-mail, generate revenue online, or use your computer to control production, manufacturing, or inventory, your company is at risk!
Today, almost any business can find itself facing a liability lawsuit. Yet, many businesses do not even realize they have an exposure to professional loss. A Management Liability lawsuit can put business and personal assets at risk, including the company’s assets, and even the personal possessions of the owners. One simple mistake could cause financial devastation, as well as an end to your professional career.
At Roussel Insurance we strive for trust and reliability with our clients. Through our 30 years in the insurance business we have learned to achieve immediate and sustainable cost savings for businesses and individuals. We can help find you the right insurance options, so that no matter what your budget is we can minimize you’re spending and easily meet your needs.
This information is intended for the client, individual or entity to which it is addressed. These articles contain concepts and opinions, and are not intended to represent the consensus of the insurance or risk community, nor to provide professional legal or tax advice. Please seek professional legal or tax counsel before making any decisions. The information provided does not change or modify any insurance policy, only the actual terms of the in-force policies will govern claim settlements.