insurance-1991274_640A Business Insurance Update

2017 is set to be a very good year for small businesses.  With the new administration, you can count on many business-friendly policies and administrative rules that will help small businesses. In addition, many communities are promoting local businesses. Finally, there will be a number of large retailers closing their doors in 2017, and this might be a good thing for local businesses.

One of the biggest risks faced by businesses is the unintentional violation of laws and regulations. If you violate a law, or create a legal issue with another person or business, your business insurance may or may not respond.  We recommend that allow us to complete a review of your business insurance to make sure that you have the proper business insurance.

We also recommend that you develop a social media policy for your company.  It may be better to hire an outside firm to manage this risk.  Employees should be aware of the effect their actions may have on their images, as well as company’s image.  The information that employees post or publish may be public information for a long time.

Every business is at risk for a cyber breach. Even the White House recently experienced a cyber breach. Cyber breaches are now a fact of life, and every state now has mandatory requirements for data breach notification. Statistics show that 39% of all cyber incidents affect businesses with fewer than 100 employees.  If you store data, including private information on computers, use e-mail, generate revenue online, or use your computer to control production, manufacturing, or inventory, your company is at risk!

Today, almost any business can find itself facing a liability lawsuit.  Yet, many businesses do not even realize they have an exposure to professional loss.  A Management Liability lawsuit can put business and personal assets at risk, including the company’s assets, and even the personal possessions of the owners.  One simple mistake could cause financial devastation, as well as end your professional career.

We are professional Insurance Advisers and we want to do more than just sell you insurance. Our goal is to understand each of our client’s personal needs and offer sound solutions. Because we are an independent agency, we represent multiple carriers on your behalf.

We have the latest in quoting technology, blended with professional and personal service. At Columbia River Insurance Services, we pride ourselves on not just meeting, but exceeding our customer’s expectations. Once the sale is made, that is just the beginning of our relationship.

Columbia River Insurance considers itself at the forefront of innovation and technology. Please also feel free to join one of our social networks where you can connect with us on a more personal level!