Running a business today is becoming increasingly complex in an environment of increased litigation, changing employment laws, weather, and new cyber breach requirements. As a business owner do you fully understand your risks and how to manage them?
The value of the agent is not just educating the business owner about the risks but also what insurance products can help insure the risks and how to reduce the risks altogether.
We have provided a number of the top risks faced by most businesses and our recommend insurance coverage.
1. Data Breach.
Solution: Cyber liability can cover your business liability arising out of a data breach. Most policies also cover notification costs.
2. Employment Issues.
Solution. Employment practices liability insurance can protect your business from litigation involving employees, including; sexual harassment, wrongful termination, and discriminating claims.
3. Weather and other natural disasters.
Solution. A Well designed property insurance program. A properly designed property insurance program should include coverage for: fire and other perils, flood and business interruption.