Tag Archive for: risk

Enter These Tips to Reduce Cyber Liability Risk

Reduce Cyber Liability Risk

ENTR the safety, CNTRL the risk and delete the spam. Here’s how to reduce cyber liability risk in your business!

Every business, small or large, needs to recognize the threat of cyber liability. Potential cyber-attacks can threaten any business, at any time. No hacker or cracker waits for a convenient time for your business to go on hold. Should information fall into the wrong person’s hands, your business, employee’s identity, vendor’s information will be highly compromised. A sure way to avoid the attack and lessen the impact of cyber liability is to train your employees to recognize and deal with these incidents.

Empowering your employees to identify common cyber threats can be beneficial to the security and organization of your business’ information online. Train your current employees these top tech tricks as well as including this as part of the onboarding routine for new hires.

  • Company Data: You and your employees have legal and regulatory obligations to respect, private information to protect, and a company’s reputation to preserve. No company data should be released when unnecessary.
  • Passwords: Encourage your employees to change their password every month, and to select strong ones that can’t be predicted. You’re not fooling anyone with the password ‘Password123’.
  • Unauthorized Software: Never let employees download software that is not verified or unlicensed. This can make the computer susceptible to malicious software downloads that can corrupt the data. Make it a policy to confirm with the supervisor before downloading any new software.
  • Internet Use: Train your employees to avoid suspicious forms and websites online. Avoid sites that have pop-ups and an unsecured network.
  • Email: Educate your team on determining scam emails from unrecognized senders and suspicious subject titles, and how to properly dispose of these emails.
  • Document Management: In the event of an employee’s computer becoming infected with a virus, employees should immediately report the incident to the IT team for investigation and action. Employees should be trained to recognize a serious threat or alert and act on it to ensure no further damage occurs.
  • Sensitive Information: Limit the number of employees who can access the company’s critical data.

Through the proper protection of your company’s data and devices, you won’t face hackings, corruption of data, or a release of all sensitive and personal information. These circumstances can destroy your business’ reputation and credibility, potentially closing your doors for good.

For the proper protection to prevent your company suffering from such a disaster, purchase Cyber Liability Insurance. Check out our tips on how to purchase this much-needed insurance in today’s society. To get started on your policy, contact Chambers & Company Insurance Brokers.

Protecting the Home While Away on Summer Vacation

Home insurance in Camarillo, CA

If you’re jet-setting this summer, secure your home insurance to protect your home while away!

Summer is upon us, and hopping on a plane and jetting off to some foreign location for a week (or two) of rest and relaxation is many people’s favorite seasonal tradition. Before you head out the door, protecting the home while away is critical! Unfortunately, a vacant home can be awfully tempting for thieves and poses fire and electrical risks while left unattended. And while you’re away on vacation is possibly the worst time a household calamity can strike. Fortunately, you can use these basic safety tips and home insurance to leave your home accident-free while you’re away.

Phone a friend: A simple yet crucial task is to ask a friend, relative, or trusted neighbor to check up on your house while you’re away. Ask them to bring the mail inside, water your plants, and make sure all is well with your home.

Keep it quiet: While you may be tempted to boast about your Italy vacation plans all over social media – don’t. In this age where information is so easily accessible, anyone can see that you’re heading out of town for two weeks, leaving your home unattended and your possession exposed.

Alert the police: Notify the police before heading out on vacation for longer than a week. It’s possible that the officer on patrol will swing by your house to check up on it.

Hit the lights: Put a few of your inside lights on a timer so that they turn on and off automatically. If lights can be seen from the street, it typically means that someone is home to turn them on.

Stop the mail: Place a ‘stop’ order on mail and newspapers if your friend isn’t picking them up for you. Nothing says ‘no one’s home’ like piled newspapers and an overflowing mailbox.

Pull the plug: Unplug your television, computer, toaster, and other appliances to protect them from power surges – plus, it saves power!

Shut it off: Shut off your water while you’re away to prevent leaks, pipe bursts, and any other flooding that could occur.

When that’s all said and done, you’ll want to check (and double check) that the oven isn’t on, the key isn’t under the doormat, and that all of your luggage is in the car before you head out! With these tips, you’re well on your way to protecting the home while away on summer vacation.

Home insurance can protect your belongings and home when you’re not there to keep an eye on things. Contact Chambers & Company Insurance Brokers to secure the right homeowners insurance policy to protect your home through your vacation and beyond!

Buying Business Insurance? Read These Tips First

Tips for Buying Business Insurance in Camarillo, CA

Every business needs insurance, but not all need the same policy. Here are some tips for finding the right business insurance. 

No two businesses are alike. Similarly, no two businesses share the same risks and threats that can impact the business’s future, finances, and staff. From fire to fraud to dishonest employees, your business insurance should provide the right policy to suit your needs and cover your exposures. Therein lies your dilemma: you can go broke keeping your company secure.

Buying insurance can be a frustrating process for business owners. Finding the right policy for your business can feel like you’re looking for a needle in the haystack. But hay! Giving up and settling for a mediocre policy can do more damage to your business than it can good.

To get you started on buying business insurance, here are the top tips to help you find the right coverage for your business:

  1. Understand Your Risks – If you’re a small or new business, you may not believe you have risks, but you do! Know the risks that are evident in your company, which could include having a property in a flood zone, employing hundreds of employees, maintaining heavy duty equipment which could cause injuries, and regularly having guests on the property. Additionally, if your business uses digital data or operates a vehicle, cyber liability insurance and commercial auto insurance will need to be purchased, respectively.
  2. Catch Up on Coverage – Before you buy a policy, learn about the different types of coverage available. You might need general liability coverage, property insurance, workers’ compensation, and employment practice liability insurance, and you’ll want to understand what coverage is best for you and how it will protect your company.
  3. Know the Limits – Be sure that your insurance policies have limits that are well-within your budget and asset protection. If your deductible is too high to pay out of pocket, lower it; if you can afford to pay more as a one-time expense, raise your deductible to save a few dollars every month.
  4. Don’t Buy Just to Comply with a Contract – Buy insurance to protect your business! It’s not uncommon for business owners to select the first policy that they see online. However, this policy may mean that the limits are too low or that the coverage is insufficient – leaving your company in a less-than-ideal situation after a disaster.
  5. Assess Every Year – As your business grows, so can your risk. You don’t want to be caught underinsured in the event of a claim. Perform an annual insurance review to keep your business protected.
  6. Contact Chambers & Company Insurance Brokers!

Our insurance professionals are dedicated to suiting your business to the best policy to meet your needs and budget. Give us a call today to get started with your business insurance.

June is National Safety Month! Secure Your Business Insurance

National Safety Month & Business Insurance in Camarillo, CA

Dedicate June, National Safety Month, to updating and maintaining workplace safety and the right business insurance.

Workplace safety cannot exist on best practice guidelines and policies alone. A safe working environment is based on how well the people, in both management and offices, uphold these standards.

During June, National Safety Month, take the initiative to make your workplace a safe zone, minimizing the risk of damage, harm, and lawsuits that your company cause. Then, add another layer of protection by updating your business insurance. To get you started, here are top tips to safeguard your business and employees in the workplace:

  • Prevent slips, trips, and falls – Report and clean up all spills and leaks as they happen, replace worn and ripped flooring, and keep floors clear of wires and clutter.
  • Eliminate fire hazards – Combustible waste should be stored in covered metal receptacles and disposed of daily. In addition, there should be no chairs, tables, or items blocking fire exits at any time.
  • Clear the clutter – A cluttered workplace is a hazard in every sense. Employees and guests can easily sustain an injury when there are objects in their way. Keep aisles, stairways, hallways, and emergency exits clear of clutter and always empty trash cans before they overflow.
  • Provide necessary safety equipment – Depending on the job, equipment like earplugs, earmuffs, hard hats, and safety goggles are required to reduce the risk of workplace injury. If your employees require such protection, ensure that your company provides it.
  • Encourage breaks – So many work-related injuries and illnesses occur because a worker is tired or not alert to his or her surroundings. Taking regular breaks allows your employees to stay fresh on the job!
  • Create written rules – State your safety policies in writing so that all of your employees are aware of what safety protocols to follow.

As a business owner, dedicate the month of June to bettering your business and safety measures. So that you can focus on protecting your business from safety hazards, review your insurance policies to make sure you’re covered. If you need business insurancecontact Chambers & Company Insurance Brokers to get started!

Different Types of Property Coverage for Your Business

Types of Property CoverageCommercial insurance is broad and there are many different policies. What is best for your business?

Business owners may be overwhelmed when deciding on a policy that suits their company, assets, and financial future! Fortunately, we’ve compiled a handy-dandy list that provides an overview of the coverages available to businesses.

Commercial Property Insurance: As the most common form of commercial property policy, this typically covers buildings, production machinery, office equipment, furniture, and stock. The policy is fairly flexible and can be adapted to meet the needs of your business.

Businessowners Policy: A businessowners policy is a type of package policy designed for small and medium-sized businesses, and covers commercial property and general liability coverages. It can also include business income, extra expense, and various crime coverages.

Inland Marine Insurance: Commercial property and BOP policies cover property situated at the premises described in the declarations, typically away from the businesses premises. This coverage is designed to protect movable property.

Builders Risk Insurance: This insurance covers a building in the course of construction, beginning when construction starts and ending when the project is completed so that your building is protected throughout every stage.

Crime Insurance: Including employee theft coverage, computer fraud coverage, and money and securities coverage, this policy is designed to protect against losses.

Are you ready to receive quality and all-encompassing insurance for your business in California? Don’t get dumbfounded by the different types of property coverage for your business. Contact Chambers & Company Insurance Brokers as our expert California agents know the risks of each business, and can take steps to safeguard your company.

Tips for Cyber Liability Insurance in California

cyber liability insurance california

Smart business owners secure their company with cyber insurance in California.

With the rise of technology comes a growing risk of data breaches and cyber liability lawsuits. While you may have thought your computers were safe behind locked doors, this is certainly not the case anymore. All businesses are at risk of cyber attacks, be sure to secure yours with cyber insurance in California.

What Are the Risks?

Skilled hackers are now able to tap into devices within seconds, gaining instant access to sensitive data, emails, online bank accounts, employee records, and everything in between. If important information was to fall into the wrong hands, you could lose the business and trust of vendors, clients, guests, and your employees.

  • Liability
  • System Recovery
  • Notification Expenses
  • Regulatory Fines
  • Class Action Lawsuits

Cyber Liability Insurance Coverage

To protect your business from data breaches, cyber liability can step in should an incident occur. A policy can cover several types of risk, including:

  • Loss or corruption of data
  • Business interruption
  • Multiple types of liability
  • Identity theft
  • Cyber extortion
  • Reputation recovery

With your cyber liability insurance at hand, your business can protect against any possible risks with daily practices to prevent attacks and lower risks. You may be able to limit your cyber liability risk by:

  • Installing, maintaining, and updating security software and hardware
  • Contracting with an IT security services vendor
  • Using cloud computing services.
  • Regularly backing up data to a secure offsite location.

Protecting your business has never been easier with Chambers & Company Insurance Brokers! Our expert insurance professions allow you to receive optimum cyber liability insurance coverage for your business!

Privacy With Your Fitness Device – How To Secure Identity?

identity theft protectionWith the risks very real, put these tips into practice to protect privacy with your fitness device

It is estimated that 60 percent of Americans now regularly track their weight, diet, or exercise activity. The easiest way to do this is a smart bracelet that records physical activity and calorie intake.

With the use of Fitbits and smart tracking devices, it seems that we are never far from technology and constant tracking of our personal information. With the rise of technology and information comes a risk (and more frequent events) of privacy concerns and data theft.

All of your information is valuable to companies looking to target potential customers of everything from running shoes to diet foods to sleep aids. In addition, most devices require your age, gender, height, and weight to set up your own profile. This data is very appealing to identity thieves.

In addition to personal data, there is real-time, location-based tracking. If potential burglars got ahold of your data, they could learn where you live and when you’re away from your house, in theory.

With the risks very real, put these tips into practice to protect yourself:

  • Review your fitness tracker’s privacy policy – Find out how well your data is protected and how it is being transmitted and stored. Take an extra close look at wording regarding the sale or sharing of your data!
  • Avoid using unsecured networks – Public Wi-Fi networks put your personal data at risk!
  • Use strong passwords – Use a mix of letters, numbers, symbols, and upper/lower case letters. Change this password often.
  • Disable location tracking – Turn off your Bluetooth when you’re not using it!
  • Update your device/app when necessary – This might contain important security fixes.

With these tips to protect privacy with your fitness device, it’s still possible to fall prey to identity theft. For this reason, consider identity theft protection coverage. Talk to our insurance professionals at Chambers & Company Insurance Brokers in California today. Our expert team is here to make sure your business has the right types of protection in place. Contact us today to get started!

Effective Retail Risk Management Strategies You Should Be Using

Retail Risk Management Strategies You Should Be Using

Risk management in the retail business – Implement these strategies to reduce the risk

Recent breaches at major retailers have highlighted the risks that businesses in the retail industry face. In fact, a recent Verizon report reveals that retail makes the list of top five industries with the most data breaches. This explains how important risk management in the retail business is. We want to help you protect your retail business physically and digitally, so we’re offering these retail risk management strategies.

  • Equip your employees. Make sure you have people on the ground who know the risks facing your business and how to mitigate them. For example, if your store is in a high-theft area, it’s wise to hire a security guard who will focus on eliminating that issue. Then, empower every member of your team to take steps to slash your risk—from monitoring exits to checking IDs with credit or debit purchases to verifying currency.
  • Keep records. As liability claims are increasing year after year, your business needs to consider that it could be held liable for an injury in its store. Take steps to minimize hazards (e.g. having someone walk through at certain times of day to look for tripping or slipping hazards) and keep thorough records on those steps. These steps will save you if you are taken to court!
  • Stay up-to-date digitally. Routinely evaluate and update your software so you can patch any vulnerabilities. While updating, opt for two-factor authentication and take note of any abnormalities in administrative access.

We hope that these effective strategies will help you with risk management in the retail business. That’s why we offer top-tier commercial insurance to our retail clients. Contact the dedicated California agents at Chambers & Company Insurance Brokers to get the right commercial policies to manage your retail business’ risk.

Your Social Media Risk Management Might Need Some Work

Social Media Risk Management

Your business needs to think about managing its social media risk in our internet-focused era. 

In our digital age, if your business isn’t on social media, it could severely damage your public relations and marketing. Social media makes it possible for you to tell the world what you’re about, and Millennials (who will make up the bulk of your client base in the not-too-distant future) want to be able to check you out online.

The problem is that although social media is important, it can also be risky. If you want to leverage social media for your business with as few issues as possible, you need to consider risk management. If you don’t, you could see sensitive information accidentally be posted to your social media profiles, violate privacy or content ownership laws, or just plainly waste time and energy on your social media postings. The best way to protect your business is to think carefully about your social media governance.

First, get clear on who owns social media at your company–and the risks that come with it. This could be your PR team, your marketing team, your customer relations team, or some combination of those groups. Make sure everyone is on the same page about what you do–and don’t–want your social media team to put out to the public.

Adopt a company policy that offers your employees social media guidelines. It should include information on regulations with which they need to comply (e.g. data privacy), and goals-paired with measurable metrics.

On top of your governance, you need to think about carrying the proper commercial insurance to protect your business against social media risks. To get the right policies for your business’ digital presence in the modern age, contact Chambers & Company Insurance Brokers. Our expert California agents know the risks associated with having a digital presence, and can take steps to safeguard your business.

How To: Cut Your Risk of Public Liability Claim

Reduce Your Public Liability Claim Risk CA

Are you doing what you can to reduce your risk of facing a public liability claim?

As a business owner, you’ve got a lot on your plate. Between managing day-to-day operations, preserving your bottom line, and supporting your team, you probably find yourself very busy from the moment you step into the office. The last thing you need, then, is another to-do. A public liability claim will not only make you busier, it can also be a serious headache and even become downright financially devastating. Protect your business and the hard work you’ve invested in it! Use these steps to reduce your risk of facing a public liability claim.

Step up your safety.

Slip and fall claims are the most common type of public liability claims. They’re also very avoidable. While putting good safety procedures in place may not feel like it should be your top priority, it’s one of the most important non-revenue earning things you can do. Look at hazards facing your business–from wet walkways to dangerous equipment–and take steps to safeguard against them.

Address incidents.

If there is an accident on your property, deal with it right away. Document the scene, gather statements from the people involved, and do what you can to make immediate reparations. Showing that you care about the incident right when it happens can save you a lawsuit down the road.

Get covered.

We can’t say enough about how important it is that your business carry good liability insurance. Liability coverage isn’t a one-size-fits-all, so take the time to meet with a dedicated insurance agent. They will be able to assess your unique business and provide policies that cover its unique exposures.

This guide will help you slash your risk of facing a public liability claim, but accidents do happen. Having the right liability coverage in place can mean the difference between having a claim being a minor hiccup, or becoming a major catastrophe. To ensure your California business has the commercial insurance it needs, contact Chambers & Company Insurance Brokers today. Our expert team is here to make sure your business has the right types of protection in place.