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A 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 you 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. 

Alternatives Insurance® Agency was established in St Louis County in the fall of 1992 .  Throughout the remainder of 1990's and through the millennium, additional locations were opened in order to service North and West St Louis, Saint Charles and Jefferson Counties.  The demand for our products continued to increase motivating the partners of the organization to develop a business model in an effort to continue the growth and success without losing our superior customer service values.       
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