Life is complicated, insurance doesn't have to be.
Small Business Saturday is coming up! For many small businesses, this
means increased shoppers, sales and website visits. Your to-do list is
probably longer than ever as you prepare. But, does your list include
securing your data and network?
Many small-business owners assume that if they don’t sell
online, they don’t need to worry about cyber security. Why would
hackers target a small plumbing business or sandwich shop? We’ll
give you two reasons:
So, here are four things you can do to improve your
small business's cyber security before the holidays:
Let's be honest, those system update reminders that pop up on
your computer can be annoying and easy to ignore. But, it’s
important to remember that software companies don’t ask you to
update software just to annoy you. It’s often because they
identified security vulnerabilities that need an immediate
When you don’t update your software, whether it
is cyber security software, malware blockers, or even a word
processing program, you are leaving your business vulnerable to
hackers! If you don’t have time to keep your computer systems up
to date, consider hiring a contractor to maintain them for
How often do your employees change their passwords? Annually?
Never? Many data breaches start from stolen or weak passwords. One
easy step your small business can take is to implement and enforce
password guidelines with your staff.
Since password guidelines change, we encourage you to
research password best practices or reach out to your IT support staff.
Many network hacks start with some sort of phishing scam to
infiltrate your network, often through your own employees.
a hacker may send you a carefully disguised email that looks
like it’s from a person or company you know asking you to
send them payment information. If you don’t examine the email
closely enough, you will send your payment information to the
hacker who can then access your account. In other situations, they
may include a link within an email that directs you to a fake
login screen to steal your login credentials.
These are just two examples of the many ways phishing scams
can be conducted. It’s important to educate your employees on how
convincing some of these hackers’ attempts can be.
To reduce the risk of your small
business falling victim to phishing scams, educate your
employees on how to avoid falling for one with these
Generally, your commercial general
liability policy will not cover a data breach. And, as data
breaches have increased, so has their cost of businesses.
Imagine if a client's personal or financial information is stolen
from your network – you may be responsible! Consider the cost of
losing all the credit card numbers in your business’s database, not
to mention the cost to your business’s reputation.
Auto-Owners, we offer cyber liability
insurance packages that include coverages like:
The size of your business does
not affect the type or amount of coverage provided by Auto-Owners.
Cyber liability insurance is coverage you want to have before a data
breach occurs. Your local, independent insurance agent can work with
you to design a plan that fits your business’s needs and potential
risks. Click below to use our Agency Locator and find an agent near
*Products referenced may not be approved/available in
all states. Limitations and conditions may apply. Premium will be
based on benefits chosen and policy rates available at time of
Disclaimer: This article is not
expert advice. The analysis of coverage is in general terms
and is superseded in all respects by the Insuring
Agreements, Endorsements, Exclusions, Terms and Conditions
of the Policy. Some of the coverage mentioned in this
material may not be applicable in all states or may have to be
modified to conform to applicable state law. Some coverages may
have been eliminated or modified since the publishing of this
material. Discounts may not be available in all states.
Limitations and conditions may apply. Premiums will be based on
benefits chosen. Please check with your local Independent
Auto-Owners Insurance Agent for details."
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