Browsing Tag
protect your business
192 posts
Your Technology Company Needs E&O Insurance: Here’s Why
Every business has unique risks that can seriously harm its operations if not properly addressed. As a business utilizing technology to produce and deliver products or services, it’s important to recognize and take precautions against risks that your commercial general liability (CGL) coverage doesn’t include. Technology professional liability coverage, also referred to as tech errors...
10 Tips for Landing a Product Licensing Deal
When you’ve got a great idea for a product, there’s an important decision to make right up front: Do you want to build a brand new company from the ground up in order to commercialize the product, or do you sign a product licensing deal with a preexisting company that already has the resources in...
Why General Liability Insurance Isn’t Enough on its Own
General liability insurance is just that—general. While it provides coverage for a wide variety of potential losses, including claims for bodily injury, personal injury, advertising injury or property damage as a result of your products, premises or operations, if you’re sued for service errors, contract performance disputes or any other professional liability issues, general liability...
Why Cyberattacks Are on the Rise and What It Means For You
In a March 21, 2022, statement, President Joe Biden cautioned businesses in the private sector to harden their cyber defenses, reiterating earlier warnings related to potential cyberattacks against U.S. organizations by Russia as retaliation for recent economic sanctions. While there is no evidence of an imminent attack tied to the Russia-Ukraine crisis, Biden’s top cybersecurity...
Ransomware Is Biggest Threat to Small Business
Recent high-profile cyberattacks on large companies such as Colonial Pipeline, JBS Meats and Solar Winds have raised awareness of the growing threat of cyber risk, and may indicate to smaller business that they’re safe. After all, what criminal would go after a little guy when there are so much bigger fish to net? Turns out,...
WJR Business Beat: How You Can Protect Your Business From Cyberattacks (Episode 374)
On today’s Business Beat, Jeff Sloan shares cybersecurity trends and advice from a new IBM security division report. Tune in below to learn how your business can take a defensive stance against cybersecurity threats: Cyberattacks: Why Cybersecurity Needs to be a Priority for Startups Tune in to News/Talk 760 AM WJR weekday mornings at 7:11...
Professional Employer Organizations: 4 Reasons You Need One
With endless tasks popping up on any average day, entrepreneurial company leaders simply don't have time to do everything. That's why a professional employer organization, or PEO, may help you grow and stay complaint as you grow. A PEO is an outsourcing firm that provides comprehensive human resource and compliance services to small- and medium-sized...
Tips for Keeping Your Company Grounded During a Crisis
Being a business owner is one of the most challenging and rewarding experiences I’ve ever had the opportunity to embark on. The endless cycle of personal and professional growth and learning makes for a truly life-changing experience. But surviving a global pandemic can quickly become one of the most stressful times of any entrepreneur’s career....
Want to Launch a Business? Here’s a Step-by-Step Startup Checklist
If you’re starting a business, you’re probably focused on the product or service you’ll sell, but there are other essential tasks you’ll need to tackle, too. Not only do these tasks help establish your business as legitimate and professional, but they can also help your business as it grows and seeks investment capital or small...
5 ‘Boring’ Startup Responsibilities You Can’t Afford to Ignore
Starting a business is thrilling. You’re finally taking your business idea and turning it into a reality. And to do that, you have to check some exciting tasks off your list, like thinking of a name and decorating your office space. Unfortunately, not all tasks are going to be “fun” ones. There are a number...
5 of the Biggest Gaps in Cyber Liability Insurance
An alarming number of data breaches and cyberattacks have occurred in the past several years, thanks to a global pandemic and various other factors. More precisely, cyberattacks have increased by 27% compared to 2020, with phishing and ransomware leading the way. As a result, all businesses — from startups to worldwide enterprises — must guard...
5 Data Safety Trends for 2022
The COVID-19 pandemic has led organizations of all sizes to review their approach to data management. During a crisis, data needs to be protected against theft, loss and misuse. The increasing use of cloud services, mobile devices and interconnected networks has heightened the risk of data being lost. Organizations are increasingly paying special attention to...
The Impact of SSL and HTTPS on a Website’s SEO
In today's time, maintaining the security of your website is one of the most important ways to boost SEO and conversions. This also comes after Google announced its intentions to build a more secure internet platform for users. To stay on top of Google's list and rank high, marketers need to ensure that their site...
When Do You Need Business Insurance?
A few weeks ago, I bought a new car. It was a stressful experience because of the shortage of vehicles at dealerships across the country. Incredibly, I was able to work out a sale price my wife and I were comfortable with, but we still purchased the car in a seller’s market. Worse, unlike homes...
How Main Street Businesses Can Learn From an Economic Downturn
The pandemic has had a major impact on the world economy with small and medium Main Street businesses taking the heaviest blow. But for those that managed to survive, it’s time to start preparing so you can turn the next economic downturn into an opportunity to get ahead of the competition. I’ll share some tips and...
Think Intellectual Property First to Protect Your Brand From Competition
The following is excerpted from “Brand Tuned” by Shireen Smith (Practical Inspiration Publishing, September 2021) with permission. Think IP first! In chapter 3, we became familiar with the concept of IP, and in chapter 2 we had a short introduction to the problems that can arise from ignoring IP in your branding process. In...
Workforce Development Can Strengthen Cybersecurity
Cybersecurity is crucial to the well-being of businesses. It’s not just about having the right technology in place to protect essential data, networks and infrastructure, but also about having the right people with the right mindset. The cybersecurity workforce must meet the demands of a society that relies intensely on information technology. Thus, it is...
What Every Business Needs to Know About Intellectual Property Rights
Intellectual property (IP) – intangible creations such as inventions, ideas and processes – covers some of the most valuable aspects of a business, yet many treat it as an afterthought. While IP law can be complex, confusing and overwhelming, it’s important to have an understanding of your rights, and luckily, the basics are fairly simple....
What Small Businesses Can Do to Thwart the Top 5 Cybersecurity Threats
It's a common misconception that large corporations are the only ones at risk for cyberattacks. People believe that businesses too small should not worry about cybersecurity. Unfortunately, this is not the case. As cyberattacks are now automated, it's easier for cyber terrorists to target thousands of businesses at once. Small businesses often have less technical...
Integrate Cybersecurity Into Your DevOps With These Best Practices
Cybersecurity risks are growing at an alarming rate. No month goes by without a report of a significant breach or data leak. As a startup founder and business person, you need to be aware of the looming attack types and understand what part of your business might be at risk. Most companies have already integrated...