Steers Insurance Blog

With the State of Emergency in place due to Covid-19 your business might be vacant for sometime. This is something no business owner likely ever planned for, but it does need consideration. 

If you conduct business in your home, insuring your business properly is part of a solid risk management plan. We can help!

Most businesses today send, receive, and store electronic data. While automated data processing has numerous benefits to your business, it also exposes you to an array of cybercrimes. For instance, a security breach could result in data loss, damage, or theft. If the compromised data belongs to your employees, customers, or vendors, you face the risk of getting sued for the damages.

Cyber security threats and trends can change year over year as technology continues to advance at alarming speeds. As such, it’s critical for organizations to reassess their data protection practices at the start of each new year and make achievable cyber security resolutions to help protect themselves from costly breaches.

If a fire causes the facility to be temporarily unusable, what would you do next? Ideally,
you would move to a temporary location while your permanent place of business is being repaired. Yet, traditional Property Insurance does not cover this move or a loss of income when a business must temporarily close. With Business Interruption Insurance, also referred to as Business Income coverage, this setback can be minimized by simply adding this coverage to your Property Insurance policy.

What is included in a Business Interruption Insurance Policy?