SMBs in the financial services sector face issues with data backup and security

Call us at (888) 540-7374

We work with the nation's best insurance providers

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.

The 2012 Acronis Disaster Recovery Index found 38 percent of respondents at SMBs feel as though they have support from their executives when looking to deploy better means for data storage and disaster recovery.

“The Acronis Disaster Recovery Index shows that financial services organizations are in need of better strategies and training, and more advanced and comprehensive technologies to improve their backup and disaster recovery capabilities, which are currently seriously inadequate,” said Seth Goodling, virtualization practice manager at Acronis.

More results from the survey showed that SMBs are looking at other ways to address their issues when it comes to data storage and disaster recovery. Sixty-eight percent of financial services organizations are seeing the complexity of cloud, legacy and other systems as their greatest obstacle to backing up files, while 76 percent are looking for easier, comprehensive ways to back up and store their data.

With the problem being clear that many SMBs are not confident in their disaster recovery and data backup, it is imperative for them to invest in cyber liability insurance, to ensure they are protected in case an issue arises.

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.

Get Free Business Insurance Quotes

We’re ready to answer all of your questions about our services and your insurance needs. Give free quotes.

WeInsureXYZ provides Best Business Insurance Quotes in New York for small business, including the self-employed and companies with 10 or fewer employees. The information contained in this website is for illustrative purposes only. Coverage issuance is subject to underwriting and is expressly subject to the conditions, restrictions, limitations, exclusions and terms of the policy documentation issued by the insurer. Availability of this program is subject to each state’s approval and coverage may vary by state. WeInsureXYZ allows businesses to apply for insurance and receive multiple quotes from leading insurance carriers including CNA, Guard, The Hartford, NEXT, Travelers, Hagerty, BHHC, PIE, Atune, Progressive, Chubb and Hiscox. We offer business owners a variety of insurance protection, including: General liability insurance, professional liability, errors & ommissions, excess liability, umbrella insurance, workers compensation, fidelity bonding, and more.