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Businesses taking advantage of flexible BYOD policies

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According to a recent survey commissioned by provider of customer experience systems and services Amdocs, 73 percent of service providers expect to see a 10-25 percent increase in bring-your-own device policies among business customers in the upcoming year.

The survey found businesses are asking their mobile device service providers to accommodate unique requests. Fifty-two percent of businesses are asking for separate bills on mobile devices, leaving employees to pay for personal use and the company to fund business use.

“The business segment represents huge revenue potential for service providers, and to capitalize on this market they will need to offer tailored and competitive offerings, including BYOD,” said Rebecca Prudhomme, vice president of product and solutions marketing for Amdocs.

However, BYOD policies do present some challenges for the businesses that have adopted them. The survey showed 75 percent of businesses are concerned with excessive bandwidth use, while 70 percent see increased IT support costs as something that can bog down their business.

BYOD policies also leave a business open to potential cyberattacks. By purchasing cyber liability insurance, businesses can protect themselves against these concerns related to customer data loss.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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