5 Tips to Protect And Manage Your Business

​It may have taken you months and years building a good business. Your business gives you pride, comfort, and financial growth. That is why you wouldn't let anything happen to it. Nowadays, not only bankruptcy or litigation can ruin a good business. You should also protect your business from spam, viruses, hackers, phishing, credit card fraud, theft and other security issues.
 
Here are five tips that you can do to safeguard your business from financial loss.

​Have A Risk Assessment
Periodic risk assessment is essential and should be done annually. You need to make a list of the ways that your business gathers, utilizes and stores customer and business data. You also need to periodically document the remote ways through which employees can access business and customer information. The purpose of this is for you to identify additional controls and make a record of security incidents so that you'll know what measures to implement.
 
Train Your Employees
Often, the worst business mistakes and glitches come from employees who simply made a wrong click with the mouse. Make sure that your employees are dependable and are more or fewer experts in their line of work. Otherwise, they will become the weakest link in your security plan. Make employee education a priority or your business will fail even if you install firewalls, update software and backup data regularly.
 
Secure All Your Systems
Prioritize security systems so that you will have alternative solutions during disruption or downtime. Protect your computer from viruses, threats and data loss by hiring good IT experts or installing the necessary programs yourself. While you may not have all the financial resources to handle such threats, you should still follow good security practices for your own company's safety.
 
Have A Backup Plan
Formulate a plan for dealing with damage caused by security incidents. Respectfully inform parties that are affected while you continue backing up software programs and other important files. Such plans can save you not just time but money and headaches while resolving the problem. Another advantage of a contingency is that your business can continue running despite the problems.
 
Get A Business Insurance Policy
Get business insurance that will respond to your risk assessment profile as well as the status of your incident reports. Check whether your coverage can handle not just data loss or common fixes but also damage due to common natural or man-made disasters. Also, inquire about business interruption insurance so that you can have steady cash in case your business gets stalled.
 
Some Final Words
The important thing that you can do is to secure your business by adding premiums and coverages to your current insurance policy. It will certainly give you more peace of mind in the coming months and years.  At Arnold, Bruce & Doerfler Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (503) 222-1951 or CLICK HERE to request a free quote.