Insurance for Daycare Centers

September 01, 2022 Blog

Daycare insurance is designed to protect childcare providers from a variety of risks. This may include reimbursement for the financial consequences of liability claims and lawsuits. These policies also can cover damages resulting from injuries to children, employees, or third parties; property damage; and other potential liabilities. In addition, daycare insurance can provide coverage for lost income if the daycare must close due to an insured event. As the number of daycares continues to grow, so does the need for daycare insurance and the Business Insurance Center is up to the challenge! Our complete coverage insurance delivers peace of mind for daycare providers so that you can continue to focus on quality care for your clients.

Best Home Daycare Insurance

For many parents, in-home daycare is the ideal solution for child care. It provides a comfortable and familiar environment for children, and it can be more affordable than traditional daycare centers. The peace of mind that comes with home daycare insurance protection extends to both you as the daycare provider, as well as the families who use your services. Parents will want to know that you have the necessary daycare insurance coverage in place.

Home daycare insurance plans protect you financially in the event that something goes wrong while children are in your care. There are a few different types of daycare insurance you may want to consider getting:

– General liability: This covers you if someone is injured on your property or if you’re accused of causing damage to someone else’s property.

– Professional liability: This covers you if you’re accused of professional negligence, such as failing to provide adequate care to the children in your care.

– Business property: This covers the physical property associated with your home daycare, such as play equipment and toys.

Home daycare insurance costs will depend on a few factors such as the location of your daycare, the size of your business, if you have employees and company vehicles, and your licensure, to name a few. Getting the right home daycare insurance is essential for protecting yourself and your business.

Commercial Childcare Center Insurance

When it comes to commercial daycare insurance, there are a few things you need to know. First of all, insurance policies for commercial daycares vary slightly from home childcare insurance. It’s specifically designed to protect larger daycare centers from any liability issues that may arise. The best insurance for daycare centers typically includes the same coverage as in-home daycares, things like property damage, personal injury, and legal expenses in the case of a lawsuit. Additional insurance products commercial daycares may want to include are commercial auto, if you’re transporting children in company vehicles, as well as corporal punishment and abuse insurance, which protects the company for cases of inappropriate employee conduct.

Daycare center insurance usually has a higher coverage limit than regular insurance and includes worker’s compensation for employees, which may not be included if you’re an in-home daycare provider. The differences in coverage are typically due to the fact that you have a larger operation, more employees, and you may have more children moving in and out of your facility, such as through after-school childcare programs.

Top Daycare Insurance Providers Near Me

To get the best daycare insurance for your needs, be sure to shop around and compare quotes from different providers. It’s vitally important to make sure your in-home or daycare center is adequately insured for any potential situations that may arise. We’re certain you’ll find the right daycare insurance policy at Business Insurance Center. Our experience and expertise ensure you’ll get comprehensive and affordable insurance coverage for your daycare business anywhere in the United States. Talk to an insurance agent from Business Insurance today to find out what coverage you need. Then, with the right coverage in place, you can rest assured that your daycare and your clients are well-protected!

Janitorial Insurance Cost & Coverage 2022

September 01, 2022 Blog

If you own a janitorial business, you know that there are a lot of things to think about when it comes to protecting your company. One of the most important things you can do is to make sure you have the right insurance in place. What are the best types of insurance for janitorial businesses?

Cleaning Company Insurance Needs

Talk to your insurance agent at the Business Insurance Center about what coverage is best for your janitorial business. Some of the most commonly suggested insurance for cleaning companies include:

General liability insurance
Commercial property or inland marine insurance (for mobile business property between cleaning sites)
Cyber insurance (if you have an online system or email)
Professional liability insurance
Commercial auto insurance
Workers’ compensation (if you have employees)

Janitorial Insurance Cost Near Me

When it comes to janitorial business insurance costs, there are a few factors that influence the price of your premium, including the size of the company, the type of janitorial services provided, the location of the business, and the creditworthiness of the business owner. The first is the size of your business. A janitorial business that has high revenue and employs several people is going to have a higher insurance premium than cleaning insurance for self-employed one-person operations. Higher revenue means more to lose, which results in a greater risk to the insurer. When you own a bigger company, there is a greater risk of something happening (such as an employee being injured on the job) since there are more people involved. Another factor that plays a part in the cost of janitorial business insurance is the type of janitorial services you offer. If you offer services such as carpet cleaning or window washing, you will likely pay more for your insurance than if you simply offer general janitorial services. This is because there is a greater risk of damage occurring during these types of services. Where your janitorial business is located will also affect your insurance costs. If you are located in an area with a high crime rate or areas prone to natural disasters, for example, you will likely pay more for your cleaning business insurance. Finally, janitorial businesses with poor credit histories or frequent insurance claims will often pay higher insurance rates because they are viewed as riskier to insure. These are just a few of the factors that can influence the cost of janitorial business insurance.

Customized janitorial insurance policies are typically beneficial, as you have more control over costs through coverage limits and deductibles. Increasing your coverage limits means that you have more protection should something go wrong but that also results in a higher premium. To offset these costs, you can select a higher deductible which will lower your premium costs, but you’ll pay more out-of-pocket if disaster strikes. When shopping for insurance, be sure to keep these factors in mind so that you can get the best coverage for your needs at the best price.

Best Insurance for Cleaning Businesses

At the Business Insurance Center, our experienced janitorial insurance agents will review all your options and help you reach a decision that offers the most protection for your business without breaking the bank. Our numerous cleaning business insurance plans are designed to offer comprehensive, yet affordable coverage. We can help you find the policies that will give you the protection you need!

Insurance for Remediation Contractors

July 14, 2022 Blog

As a remediation contractor, you are tasked with cleaning up hazardous materials, restoring properties and structures to their pre-damage condition, removing mold, remediating smoke and fire damage, and much more! Not only is this work dangerous, but it also comes with a significant amount of liability. Accidents happen, no matter how careful and experienced you are. You could drop a load of debris on someone’s car or damage property while cleaning up a spill. If someone is injured while you’re working, or as a result of your work, you could be held liable. That is why it’s so important for remediation contractors to have insurance; it helps to protect you financially in the event of an accident or if your workmanship is questioned. Insurance for restoration contractors can help to cover the cost of damages and injury, as well as any legal fees that you may incur. Without insurance, one mistake could ruin your business. That’s where Business Insurance Center can help! We offer business insurance plans for remediation contractors, specifically designed for the unique risks of your occupation. insurance for restoration and remediation companies

Best Insurance for Remediation Contractors

Every company is different and therefore, your insurance needs are likely unique as well. Most restoration and remediation insurance policies for contractors include some or all of the following insurance products:

General Liability insurance for remediators: This protects your business from property damage or third-party injury that may occur while you’re working onsite.
Pollution Liability insurance for remediation contractors: At times your job requires work that might cause exposure to pollution hazards. As you’re remediating mold, for instance, the homeowner may get sick as a result of that exposure, or as you’re cleaning up a biohazardous spill, a chemical may be released. Pollution liability insurance covers you for pollution-related property damage, missed remediation, third-party injury, and any resulting legal costs. Your general liability policy does not cover these risks.
Worker’s Compensation: This is vital protection you’ll need for your employees. Your occupation holds considerably more risks for workers than other industries and it’s important to have property coverage in place for the sake of your employees and your business. This policy covers the cost of any work-related injury or illness, paying for loss of wages, medical expenses, disability, and more.
Tools and Equipment insurance: Your ability to do your job relies on functioning equipment. This insurance product covers replacement or repair costs should a piece of equipment get stolen, vandalized, or otherwise destroyed.
Professional Liability for remediation contractors: Also known as Errors and Omission insurance, this coverage protects your services and products against lawsuits where a customer claims you were negligent, incompetent, or engaged in misconduct.

Restoration Contractor Insurance Program

We know that remediation contractors are hardworking, dedicated professionals who are specially trained to clean up, rebuild, and restore structures and properties after a disaster. If you are any one of the following remediation contractors, then it’s vital to get the right insurance coverage to protect your important business. The Business Insurance Center offers affordable insurance policies for remediation contractors of all kinds, including:

- Insurance for smoke and fire remediation contractors
- Storm disaster recovery insurance
- Insurance for biohazard cleanup companies
- Water restoration business insurance
- Mold remediation contractor insurance
- Environmental remediation insurance

The best insurance for remediation companies covers you for every potential work environment you may find yourself in and that’s exactly what we provide here at the Business Insurance Center. Call or click today and get a customized policy specifically designed to protect your remediation company.

SBA Loan Life Insurance

July 14, 2022 Blog

Many small business owners are learning about the lending potential that’s available for small businesses. SBA loans offer incredibly low interest rates with long repayment periods, making them a lucrative option for those who want to establish their own company or grow an existing business. There is a small caveat that is important to note, however, with these loans. SBA loans have special requirements that take a little legwork before you apply, one of which is a mandated life insurance policy. The Business Insurance Center is pleased to offer SBA loan life insurance policies that are quick and easy to attain. With just a few clicks, you’ll have the life insurance you need to get approved for an SBA loan.

Click now to APPLY!

SBA Loan Life Insurance Requirements

As a small business owner (or soon-to-be), you know how challenging it is to find financing for your cherished business! It can be a daunting task to find the right loan that will provide for your business needs without a hefty interest rate and a short repayment schedule. That’s where SBA loans come into play. Backed by the Small Business Administration, these loans offer an affordable and readily available loan option to small business owners. These loans can range anywhere from several thousand to several million dollars and are obtained by an application process with a lender such as a credit union or bank. Lenders are willing to take the risk on these small business loans because they know they’ll be repaid by the government if you, as the business owner, default on your loan. As such, there are rigorous requirements and the application process is usually a long one.

Best SBA Loan Life Insurance Fulfillment

There’s an additional layer of protection built into these loans in the form of a unique requirement: collateral assignment of life insurance policies. The government and lenders of SBA loans want to be sure their loans will be repaid in the case of an untimely death. To solve this, SBA loans require life insurance with a death benefit that matches the amount of the loan. That way, if the borrower happens to pass away before the loan is repaid, the death benefit will go toward the loan repayment. Life insurance policies with collateral assignment will still require you to name a beneficiary. If a death should occur, the death benefit will pay out the collateral assignment first (that, they’ll repay the loan first), and if anything is remaining, that will be distributed to the beneficiary.

It’s a wise decision to have your life insurance for SBA loan already approved prior to starting the SBA loan application process. Why? The process is a long one and having your life insurance all set up not only speeds up the process, but it also increases the likelihood of getting approved. The Business Insurance Center has one of the quickest collateral assignments of life insurance for SBA loans in the nation. With just a few clicks, you’ll apply for term life insurance 100% online, with no medical exam. The online application for SBA loan life insurance consists of only a few health and lifestyle questions. If you qualify, your application will be approved within 2-3 days, you’ll provide the first payment via credit card, and your insurance coverage will begin. It’s that simple! You’ll have your life insurance for SBA loans all set up within 2-3 days when you work with the Business Insurance Center. We look forward to paving a smooth road for your SBA loan application!

Commercial Property Insurance Rates 2022

May 28, 2022 Blog

As a commercial property owner, you’ve probably noticed your property insurance rates increasing this year leading you to wonder, why has commercial insurance gone up so much? We’re glad you asked. Business Insurance Center is here to keep you abreast of the latest trends in business insurance and a current hot topic is the cost of commercial property insurance 2022.

What Affects Commercial Property Insurance Prices?

Commercial property rates went up around 9% last year and roughly 13% in 2020. This year, insurers are expected to increase commercial property premium costs by about 6%. affordable commercial property insurance near me

Why are commercial property rates continuing to increase? There are various reasons, many of which stem from Covid-19 and the consequent labor shortages, supply chain disruptions, and production problems. These factors caused the cost of construction materials and labor to steadily climb since 2020. In these first few months of 2022 alone, construction material costs have increased about 26% and labor prices grew about 5%. That means that insurance carriers face an elevated loss severity because repair and replacement work are much more expensive this year. Add in the higher risks we are facing from natural disasters like hurricanes and wildfires, and you’ve got many insurance companies fearful of facing major financial losses.

What does this mean for commercial property owners? Rising costs and inflation have resulted in many insurance carriers restricting underwriting risks, especially in commercially-owned residential properties like single-family homes, apartment complexes, care facilities, and so on, in order to reduce costs. You also may find that your broker will have to provide post-Covid replacement costs and potential loss values. This may result in you having to agree to different coverage and renewal terms, and likely, increased premium costs. If you haven’t yet seen an increase in your premium cost, don’t get too excited yet! Since insurers have to wait until your policy renewal to adjust your commercial property rates, you may experience a delay between cost increases and premium changes.

Best Commercial Property Insurance Companies Near Me

With all of this in mind, you may have a ton of questions such as how are commercial insurance rates calculated? How much does commercial property insurance cost near me? And most importantly, how can I reduce my commercial property insurance premiums?

Those are great questions and the Business Insurance Center is here to answer them for you! One way to cut commercial property insurance costs is to conduct improvements on the property. This decreases hazard risks for insurance providers while also increasing the value of the property. It’s always a sure bet that you can reduce your property insurance rates by shopping around and comparing commercial property quotes. Business Insurance Center consistently offers competitive rates. We’ll utilize our commercial property insurance cost estimator to determine what you should be paying for the best coverage and then we’ll find you affordable insurance for commercial properties. All it takes is a quick call to one of our professional commercial property insurance agents nearby! Another option is to get a free commercial property insurance quote online. We look forward to assisting you!

Business Storm Insurance and Storm Safety Tips

April 20, 2022 Blog

As business owners prepare for the spring season, it’s important to keep potential weather hazards for businesses in mind. From severe thunderstorms and tornadoes to flash flooding, spring storms can pose a serious threat to businesses of all sizes. By taking some simple precautions, however, business owners can weather the storm and help keep their employees, property, and operations safe.

An essential part of your business plan should be the best storm insurance for businesses. Business insurance can help to protect your most valued assets in the event of storm damage. It can cover the cost of repairs, lost inventory, and business interruption. It can also help you to recoup some of the cost of rebuilding after a disaster. The top business insurance policy will be tailored to the specific needs of your business and should take into account the value of your business, the type of business you run, and the risks associated with your location. By working with an experienced insurance agent like those at the Business Insurance Center, you can make sure that you have the coverage you need to protect your company in the event of a storm.

Business Storm Preparation List

Here are some spring storm safety tips and techniques to help businesses prepare for storms.

Create an emergency plan and make sure all employees are aware of it. The plan should include a plan for a variety of circumstances such as shelter-in-place, power outages, floods, etc. Employees should know evacuation routes, safe areas to shelter in, contact information for key personnel, communication protocol, and so on.
Inspect your commercial property and make repairs as necessary to help protect against wind and water damage. Dead trees, structural issues, and unsecured materials can become airborne hazards during windstorms. Keep your gutters and drains clean to help prevent flooding.
Sign up for severe weather alerts. If severe weather is in the forecast or you get an alert, be sure to secure the workplace by closing windows securely, bringing outdoor furniture inside, clearing out storm drains, moving equipment into safe zones, etc.
Stock up on emergency supplies such as food and water in case of power outages, shelter-in-place, or other disruptions. Get an emergency kit for the workplace containing flashlights, water, a first-aid kit, blankets, extra batteries, tools, and current contact information for state and local entities.
Invest in a backup generator on hand in case of power outages.
Back up any critical data often to help retain and protect data.
Review your business insurance coverage and make sure you are adequately protected against storm damage. An experienced business insurance broker can assist you in properly planning for the potential impact of severe weather. Call Business Insurance Center today and we’ll ensure there are no gaps in your business insurance coverage for storms.

Business Insurance with Storm Protection for the Gulf Coast

The Business Insurance Center is thrilled to announce that we now offer comprehensive business insurance plans WITH storm coverage! Businesses along the Gulf Coast face unique storm threats that require greater coverage to ensure you don’t incur losses from storms. With your needs in mind, we’ve created business insurance policies that include storm protection. Give us a call or click for a free business insurance quote today!

Distracted Driving Awareness for Commercial Fleets 2022

April 20, 2022 Blog

Distracted driving is an all too frequent occurrence that poses a threat to all drivers on the road. This month is National Distracted Driving Awareness month and this provides the opportunity for individuals and employers to explore ways to be safer on the road. According to the National Highway Traffic Safety Association, over 3,000 deaths in one year alone are caused by distracted driving. Given these statistics, it’s imperative that everyone take into consideration the risks associated with distracted driving and how to mitigate them.

Driving safety is of even more importance for commercial fleets and businesses that require employee driving. Besides the threat to employee’s lives and others on the road, distracted driving on the job can incur other costly risks for employers. Understanding these risks and implementing proper prevention measures is imperative for employers in order to decrease distracted driving losses and keep their employees safe on the road. Discover what you, as a business owner can do to promote safe driving practices and save lives!

Tips for Reducing Business Auto Risks 2022

For companies that depend upon employees to drive, distracted driving losses are a serious concern. First and foremost is the safety of your employees and others on the road. Another consideration is the fact that distracted driving is one of the factors that affects the cost of fleet insurance and causes business profit losses. Data gathered by Advisen indicates that for businesses, the median cost of a distracted driving loss ranges from $1.2 million to $2 million. If you own a business in the transportation and warehousing industry, it would be beneficial to take these costs into account, as your industry is reported to have the largest proportion of distracted driving losses, averaging at 36% of all losses.

In order to reduce distracted driving losses for businesses, you as a business owner and employer can consider some simple prevention measures:

Utilize technology such as phone blocking technology or distracted driving detection technology within work vehicles.
Create a company distracted driving policy that forbids using devices while driving, as well as eating, reading, or any other activity that takes attention off the road. It’s vital to communicate these policies to employees through clear and accessible written documents.
Ensure that no business is conducted while driving. Business leaders need to lead by example and refrain from answering emails and texts while driving, and avoid contacting employees while they are driving.
Follow all state and federal driving laws for commercial vehicles. Many states have laws that ban texting while driving and some have laws against all handheld devices. The Federal Motor Carrier Safety Administration also forbids texting and using handheld devices for commercial motor vehicle drivers. Ensure that your employees are following all laws in order to increase driving safety and avoid costly fines.

Top Commercial Fleet Insurance Agency

Reducing costly risks and increasing the safety of your drivers is imperative for your business. Decreasing distracted driving is just one of the ways you can protect your business from financial loss from vehicle operation. One other method to protect your business is to get the best commercial fleet insurance policy that provides complete coverage. Business Insurance Center is here to assist you in tailoring a customized business auto insurance plan for your unique needs. Our years of experience in the industry have given us the expertise required to get affordable business vehicle insurance that offers the most coverage. Give us a call today and keep your valued assets protected on the roads!

Insurance for Contractors 2022

March 23, 2022 Blog

As an electrical contractor, you know that your industry is complex. The nature of your work leaves you exposed to unique risks and one way to mitigate those risks is by getting comprehensive construction insurance coverage. The Business Insurance Center is here to explore the common risks electrical contractors encounter and explain more about the insurance products that can best protect you and your business.

What Types of Insurance Do Contractors Need?

Electrical contractors need the right insurance coverage to protect yourself and your business. But what exactly should you be insured against? And how much coverage do electrical contractors need? In order to determine what insurance is necessary for electrical contractors, it’s vital to first examine the risks that you face in this industry.

worker

Injury: A common risk electrical contractors face is injuries that occur to either employees or third parties. Employees may be injured while performing their duties, and third parties may be injured on the project site.

Equipment Theft: Tools and equipment run the risk of being stolen if they’re left at an unsecured job site.

Equipment Breakdown: With all the equipment electrical contractors use, unexpected breakdowns are common and can cause work delays.

Property Damage: During a project or after completion, damage may occur to a client’s property. For example, a faulty wiring job could cause later fire damage.

Auto Accidents: Accidents in work-related vehicles could lead to injury or death, or the vehicles involved could require complete replacement.

In light of all the risks you face, it’s imperative to have insurance that will cover profit loss, medical costs, equipment replacement, and more. Each situation is unique, so contact Business Insurance Center agents today and we can create a customized electrical contractor insurance policy that will cover you completely, leaving no gaps.

Best Electrical Construction Insurance Plans Near Me

Business Insurance Center provides the following insurance for electrical contractors. You can select an electrical contractor comprehensive insurance plan or simply choose the few insurance products that are necessary for your company. Some of the suggested insurance plans for electrical contractors include:

General Liability for Electrical Contractors: This is insurance coverage for legal claims of injury or property damage from your operations. If you work in occupied buildings, people come to the worksite, or you have an office, you are at risk for such claims. General liability insurance also provides coverage for reputational harm or advertising injury claims.

Commercial Auto Insurance: If you have a fleet of work vehicles, it’s a must to protect your vehicles and your drivers with a proper insurance plan.

Workers’ Compensation: Workers’ compensation is critical coverage, as it takes care of injured employees in the event of a work-related accident. It will pay medical bills for such injuries or illnesses, and compensate the employee for lost wages.

Completed Operations Insurance – Electrical Contractors: This protects you from potential later claims on completed work. Electrical fires are one of the main concerns you may face and this insurance would provide coverage.

Property Insurance for Electrical Contractors: Property claims are common in the construction world, stemming from damage to a company’s physical assets, including owned buildings and the business property, If you do not own your commercial property or if you work out of your home, your equipment and tools can still be covered under such a policy.

Don’t leave your valued clients and the business you worked so hard to build to chance! Get the best insurance coverage for electrical contractor businesses with a free insurance quote from our team at the Business Insurance Center today!

How Inflation Affects Business Insurance Costs

March 18, 2022 Blog

The pandemic has had worldwide effects on labor and supply trends which have trickled down on our economy. One of the outcomes we’re currently facing in 2022 is inflation. Inflation touches every aspect of life in the United States and business insurance is no different. Commercial insurance market costs have increased significantly in the past year, causing consequences for insurers and policyholders alike. Business Insurance Center wants to keep you informed on what to expect in business insurance in 2022 so that you can continue to make the best decisions for your cherished company. Let’s explore the effects of inflation on the business insurance market 2022.

Business Insurance Trends 2022

The commercial insurance market has been affected by reduced reserve levels, weaker underwriting performance, and unpredictable claims trends. All of this has resulted in losses for insurers and greater costs for businesses seeking or holding insurance policies. Yet the consequences are not equal across the board. Certain lines of coverage for businesses are affected more than others. Business Insurance experts predict there are two insurance lines for businesses that are at higher risk for inflation consequences.

Commercial Property Insurance Costs 2022

Property insurance costs will likely increase due to the fact that the cost to repair or rebuild structures following a loss has risen substantially. Worker shortages in the construction industry have led to increased labor costs and simultaneous supply chain issues (mainly for essential building materials) have resulted in the skyrocketing of the price of building materials. Lumber and steel, floor and window coverings, major appliances, and general construction materials are some of the hardest hit by price hikes. With property loss costs, insurance companies are facing low underwriting results which typically leads them to increase the cost of property insurance for policyholders. Insurers may also add more restrictive coverage limitations as an added protection for losses. All in all: your commercial property insurance prices will likely increase in 2022.

Current Commercial Auto Insurance Prices

If you’re in the market for a personal or commercial vehicle, you’ve likely witnessed the skyrocketing costs for vehicles. This is mainly due to auto industry worker shortages which result in increased labor costs and supply chain disruptions for several critical vehicle parts and thus vehicles overall. Most specifically, auto parts, motor vehicle repairs, and used cars and trucks have become hard to find. Of course, these disruptions flow into the auto insurance market as well, where vehicle repair expenses and related claim costs have jumped. Since people began traveling and working again more post-pandemic, accident frequency and the severity of such accidents have risen, resulting in higher medical and overall claim costs. This has also occurred in the commercial fleet insurance arena. What does that mean for commercial auto insurance? Of course, increased loss for auto insurers leads to increased insurance costs for businesses with fleet vehicles. As a business owner who needs to purchase commercial fleet insurance, you’ll likely pay a higher premium and have more limitations on your insurance coverage.

Best Business Insurance Company 2022

While commercial property and commercial fleet insurance are poised to be the most affected by the current insurance inflation trends, all lines of coverage for businesses are likely to see an increase. It would be prudent to shop around and compare business insurance quotes so that you can get the best priced business insurance policy for your needs.

Don’t worry, it’s not too late! Business Insurance Center offers Commercial Fleet Insurance and Commercial Property Insurance at affordable prices with complete coverage! Business Insurance Center serves industries of all kinds with affordable business insurance across the United States. Give us a call today or click for a free business insurance quote and get your company set up for complete coverage in 2022!

Tips for Reducing Business Data Exposures 2022

February 11, 2022 Blog

Every day, businesses produce and transmit mountains of data. From customer contact details to financial information to trade secrets, this data is vital to the success of any company. With so much data being created and transmitted, it’s no wonder that data breaches are becoming increasingly common. So what can business owners do to reduce the risk of business data being exposed? Business Insurance Center is here to provide helpful hints for businesses on how to avoid data exposures.

How to Increase Data Protection for Businesses

Cyber security threats and trends are an ever-evolving landscape as technology continues to advance at alarming rates. Thus, it’s critical for companies to assess data protection practices and create cyber security processes to protect your business from data breaches that are costly and damaging. So what can you do to protect your company from data exposures? Check out our tips for increasing data protection!

Provide cyber security training: Employees are your first line of defense against cyber threats. It’s often through employees that malicious links are clicked or fraudulent software is downloaded. Train your staff on common cyber threats and how to respond. Go over the dangers of visiting harmful websites, leaving devices unattended, or sharing personal information. Also, provide clear business cyber security policies and how to report suspicious activity.
Get cyber vulnerability assessments: This is an effective way of evaluating your company’s data exposures. Vulnerability assessments use simulated cyber-attacks and stress tests to determine potential entry points into your system. Security experts use the results to provide recommendations for improving an organization’s network and data safety.
Patch systems regularly: Cybercriminals often gain entry into business systems by exploiting software vulnerabilities. To help prevent this, update applications, security software, operating systems, and firmware on a regular basis.
Back up data: Having backup files of all your business, client, and/or proprietary data is a crucial form of protection in the event that your system is compromised.
Create an incident response plan: While business cyber security programs help secure digital assets, having a cyber incident response plan provides clear steps for employees to follow if a cyber event occurs. Response plans enable organizations to quickly and efficiently notify impacted customers and/or partners which can limit financial and reputational damages.
Install antivirus software and update it consistently: Research to determine which software best suits your business needs.
Create strong passwords and use multi-factor authentication: Teach your employees how to create strong passwords using symbols, numbers, and capitals and mandate routine password changes. Further prevent cybercriminals from gaining access to your employee accounts with multi-factor authentication.
Provide training on safe web browsing: Employees should be trained on proper web browsing, taught how to identify fraudulent websites, and interact with secured websites only.

Best Business Cyber Insurance Company

As a business owner, you know that data security is a top priority. Unfortunately, data breaches are still all too common. While the ways we just explored can reduce your risk of cyber exposure, the last line of defense (and perhaps the most important) is a cyber security insurance plan in the event of a data breach. Having the proper insurance for cybercrime gives your business the ability to bounce back and recover losses that result from the breach. Business Insurance Center provides top rated cyber risk insurance for businesses across the United States. Our policies are customized and tailored to meet the unique needs of your industry and your particular business. Click now for a free cyber insurance quote or call one of our knowledgeable agents. We’re in the business of protection!

Insurance for Daycare Centers

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RESTAURANT

CONTRACTOR

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POLLUTION LIABILITY

WORKERS’ COMPENSATION

NURSING HOME

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DIRECTORS & OFFICERS

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Janitorial Insurance Cost & Coverage 2022

Cleaning Company Insurance Needs

Janitorial Insurance Cost Near Me

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COMMERCIAL FLEET

CYBER CRIME

RESTAURANT

CONTRACTOR

CONDO ASSOCIATION

DAY CARE

FARM

SMALL BUSINESS

JANITORIAL

POLLUTION LIABILITY

WORKERS’ COMPENSATION

NURSING HOME

CONVENIENCE STORE

DIRECTORS & OFFICERS

MANUFACTURING

Insurance for Remediation Contractors

Best Insurance for Remediation Contractors

Restoration Contractor Insurance Program

COMMERCIAL FLEET

CYBER CRIME

RESTAURANT

CONTRACTOR

CONDO ASSOCIATION

DAY CARE

FARM

SMALL BUSINESS

JANITORIAL

POLLUTION LIABILITY

WORKERS’ COMPENSATION

NURSING HOME

CONVENIENCE STORE

DIRECTORS & OFFICERS

MANUFACTURING

SBA Loan Life Insurance

SBA Loan Life Insurance Requirements

Best SBA Loan Life Insurance Fulfillment

COMMERCIAL FLEET

CYBER CRIME

RESTAURANT

CONTRACTOR

CONDO ASSOCIATION

DAY CARE

FARM

SMALL BUSINESS

JANITORIAL

POLLUTION LIABILITY

WORKERS’ COMPENSATION

NURSING HOME

CONVENIENCE STORE

DIRECTORS & OFFICERS

MANUFACTURING

Commercial Property Insurance Rates 2022

What Affects Commercial Property Insurance Prices?

Best Commercial Property Insurance Companies Near Me

COMMERCIAL FLEET

CYBER CRIME

RESTAURANT