Embroker

The small business, startup, and entrepreneur community is not only arguably the most vital, valuable, and exciting branch of the economy, it’s also an incredibly important driver of innovation, creativity, and technological advancement. Which is why the perpetuation of startup culture is so important. And that culture’s health and longevity relies on those startups being established, becoming successful, and staying in business. Unfortunately, many of the features that are responsible for startups being so dynamic and groundbreaking can make them uniquely vulnerable to devastating lawsuits. A lack of experience, innocent mistakes, jittery investors and stockholders, and plain bad luck can spell disaster for a startup, even one that is otherwise successful. Thankfully, there are steps the founders, officers, and management of a startup can take to mitigate or even alleviate their vulnerability. Steps that can mean the difference between the success or failure of a ...

While undoubtedly aware that hacking, identity and information theft, and data breaches are a massively destructive and costly global threat, the average entrepreneur may not know how great the risk is to them. The cyberattacks that get the press are the ones suffered by the huge corporations, a list of which is too long to include here, but that’s not to say that small- to mid-sized businesses aren’t at risk. In fact, 60% of small businesses that get hacked don’t bounce back from a cyberattack and fold within six months. So, with the obligatory disturbing statistic shared here, what can you do to protect yourself and your business from the consequences of cyberattacks should that become an unfortunate necessity? The concern might be complex, but the answer is simple: You can get cyber insurance . What is Cyber Insurance and What Does it Cover? Cyber insurance was born as a feature of broader errors and omissions (E&O) insurance policies. The increasing preval...

Running a business can come with its fair share of gains, such as profits and sharing your service or product with consumers, but it also comes with inherent risks, including but not limited to lawsuits and discrimination claims. To protect both yourself and your business, it’s imperative that you work with a trusted insurance brokerage to find the insurance your company needs to mitigate risks and the costs associated with recovery—be it from getting hacked or being sued. Cyber Insurance In order to protect yourself from a cyber-related security breach, it’s beyond important to have strong cyber insurance coverage. Also referred to as network security and privacy liability insurance or cyber liability insurance, this coverage helps businesses mitigate risk exposure and pay for the costs that can be associated with recovery from a cyberattack such as a customer data breach. It’s important to note that big businesses aren’t the only ones at risk of cyberattac...