Some small business owners throughout the United States decide to cut costs and not purchase general liability insurance, but a recent article from Fox Business argued the insurance policy is a must for all small business owners.
According to recent research conducted by Acronis, only 39 percent of small to medium-sized businesses in the financial services sector are satisfied with their data backup and disaster recovery operations.
Many public entities don’t know of the cyber risks they face on a daily basis, despite the number of cyberattacks and data breaches that have occurred in the past few years, reported National Underwriter magazine.
Many small businesses struggle with operating in cyberspace due to the challenges associated with cloud computing and mobile workforces, among other innovations that pose new cyberthreats.
IT departments are opting to save money on hardware by employing a bring-your-own-device policy, but it may still be a while before this is standard operating procedure.
The most recent Bank of America Merrill Lynch CFO Outlook survey found roughly 63 percent of chief financial officers are expecting an improved national economy, but are held back by concerns regarding the global economy.
According to recent research from an insurance group, pricing for commercial property/casualty insurance accounts has increased by an average of more than 4 percent throughout the first quarter of 2012, compared with the previous year.
Results from the recent CBIZ Small Business Employment Index, which measures hiring trends of small businesses with 300 or fewer employees, showed the index increased .05 in April.
While the cloud continues to become part of the basic infrastructure for many small and midsize businesses, data security companies are offering new cloud-based products. For example, WatchGuard Technologies recently launched virtualized solutions.
Umbrella insurance is said to be the last line of defense in combating lawsuits, a group of advisers told The New York Times, which makes the insurance important for small business owners and entrepreneurs.
