As a business owner, assessing business risk is one of your top priorities. Unfortunately, the combination of technological influence and our litigious society make for a wide range of new risks many traditional business owners are not used to. To ensure success for your biggest investment in 2015, we have gathered the top business risks for you to be aware of and how to combat those risks:
- Business Interruption – Far too many businesses go without a business interruption insurance policy. In the event that a fire or any other unforeseen event forces your business to shut down temporarily to conduct repairs, you and your team would be left without income and your business would be unable to generate revenue. To combat this problem, obtain a business interruption insurance policy.
- Injury – The liability risks these days are astounding. As a business owner, you must have preventative measures for injury for both your employees and your customers. By enforcing workplace safety measures, you can help reduce the amount of workplace injuries that occur.
- Security Breach – Major businesses such as Target and Home Depot can tell you that everyone is vulnerable to a security breach. Cyber criminals are almost more dangerous than street criminals because their skills give them the ability to attack and hide behind a computer screen. It is an extremely wise investment to look into cyber liability insurance to ensure that your business is able to recover from a security breach with ease.
- Property Loss – In the same way that your home is vulnerable to property damage and loss, so is your business. Far too many businesses owners lack sufficient property insurance, assuming common perils such as floods and earthquakes will not affect their business.
Serving Los Angeles, Beverly Hills, and all of California, contact Medwin Insurance Agency for all of your business insurance needs. Your biggest investment deserves the security our experienced team can provide.