Most common business and personal exposures – Are you covered?
Posted in: Commercial Insurance, Personal Insurance
June 28th is National Insurance Awareness Day. It is a great reminder to make sure you are adequately protecting your business and your family.
With changes in your business, personal life or circumstances around you, your exposures change as well. It’s a good practice to review your various coverages periodically and make necessary adjustments to remain protected. Unfortunately, we see many people fail to keep pace with their changing risks – they either don’t have the necessary coverage at all, or their policies lack sufficient limits of coverage.
We have identified three most commonly overlooked exposures for both businesses and individuals. Take a look and see if it’s time to revisit your insurance program.
Business exposures and solutions
- Cyber risk – Organizations of all sizes can become targets of various cyber-attacks including holding business information hostage in exchange for ransom, or stealing customer credit card and personal information. The ramifications of compromised data can be extremely costly and detrimental to your business.
Cyber insurance and a set of best practices to manage cyber risk is critical in today’s world, especially if your business is growing and handling or storing more customer information.