Over the past week, I’ve had a lot of conversations that centered around cybersecurity and business protection. As small business and organizational leaders, we are always looking for new ways to grow our business, but it’s equally important that we also protect what we’ve already built.

We do our best to keep our businesses and bank accounts from getting hacked – we pay for antivirus software and, if we’re lucky, we have a good relationship with an I.T. professional. But problems can still occur. Last week on the blog we discussed the time (and money) it can take to recover after a major storm or fire, and the same is true on the electronic side of your business. If you haven’t already done so, now is a great time to look into cyber insurance.

Everyday business and personal insurance policies were another hot topic this week. Many of the entrepreneurs I spoke with had recently realized that their policies no longer offered enough benefits to restore their businesses after an unfortunate event. The insurance policies were as sound as the day they were written, but the businesses had grown and changed so much that a re-assessment was far overdue.

So what are the main takeaways of today’s blog post? Check in with your insurance agent, they’re a vital member of your business team. Take stock of where your business is now compared to when you first started out, and make sure you have both the right kind of insurance as well as enough insurance. You’ll be glad that you did.

What kind of specialty insurance do you have? Share it in the comments – you may help out another business owner!

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