What Types of Insurance Do You Need If Your Business Operates Online?

Cyber Liability

Your digital business should secure itself and its information while online. In the event of a data breach, cyber liability insurance will protect your business IF you have the right coverage forms. If information is hacked or leaked, it’s not a pleasant experience when the information is stolen AND there are high costs associated with the aftermath of an information leak. A robust cyber liability insurance policy can protect you and your business. These overages and more should be included:

  • Ransomware expenses
  • All Inclusive Business interruption costs
  • Computer restoration
  • Comprehensive Cyber Crime, including “Cryptojacking”
  • Public relations help
  • Hardware replacement
  • Legal fees
  • No risk management warranties
  • Unlimited first party reinstatement
  • Risk management services included
  • 24/7 Claims hotline with advice from Cyber Specialists
  • $-0 deductible
  • 90 forensic experts and data breach attorneys at your fingertips

Commercial General Liability

Commercial General Liability is comprehensive insurance, making it a must for the owners of online companies. It offers compensation for accidents and damage to property that occur at the premises of the company. Remember, if you’re selling a product and someone gets hurt by it, the manufacturer might be sued, but you likely will also be sued.

And As You Grow, Don’t Forget About:

Employment Practices Liability

You will need to start thinking more about defending yourself and your company as your company expands and you continue to hire more employees. Everybody wants a healthy work environment, but the fact is, there will be issues with employees. Whether or not the concerns are valid, they are important and you should be covered.

Employment practices liability covers businesses from things like:

  • Discrimination
  • Wrongful termination
  • Harassment
  • Invasion of privacy
  • Negligent evaluation
  • Mismanagement of employee benefits
  • Miscellaneous employment-related issues

Who are covered by the liability insurance plans for work practices? You, the proprietor of the company, are safe. There are the higher-ranking staff, such as managers or directors. There are also some policies that will protect employees.

 

Workers Compensation

Have you hired employees for your business? If so, you need workers compensation insurance policy. Accidents happen and you want to be prepared for them.

A workers compensation policy protects the workers for injuries and illnesses that occur when they’re on the job. If an employee needs time off to heal, then this is also covered. Workers compensation is also helpful if an employee is taking disciplinary action over an accident related to the work. Any legal costs related to litigation can be protected by the insurance policy for the job.

It’s important to provide and promote a safe working environment, but it’s also important to be covered by insurance when accidents happen.

 

Questions? Want to learn more? Here’s 4 easy ways to reach us:

Phone: 877.994.6787
Email: insure@siaonline.com
Text: 951-482-8144
Web: www.siaonline.com

PS Here’s a few words from one business owners that trust Stromsoe Insurance Agency:
“SIA has been our insurance partner of choice for more years than I can remember. They take care of everything – our business, rental properties and all of our personal policies. We have always been impressed with the level of customer service and they always go the extra mile to make sure we are well taken care of. The SIA team is always there when we need them the most. Most importantly, we trust them !!       Stefani and James Laszko – Mythos Technology, Temecula, CA  – Client since 1999

PPS Every policy is backed by our iron clad, 100% complete satisfaction guarantee. Ask for your copy today!

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