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Survey: Cloud investment expected to pick up

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Cloud investment is becoming more popular every year, as businesses continue to adopt the computing solution. According to recent research by CompTIA, more than 80 percent of companies use the cloud, and more than half of those businesses plan to increase their cloud investment by more than 10 percent throughout the year.

These investments into cloud solutions are centered around their ability to provide customers with more opportunities that were previously unavailable to them, such as customer relationship management solutions and improved collaboration.

“The option for cloud solutions for various parts of the computing stack is opening the doors for IT professionals to perform new tasks, or at least perform old tasks in new ways,” said Seth Robinson, director of technology analysis for CompTIA. “It’s also creating new job roles and functions to more tightly integrate IT teams with lines of business.”

While the cloud opens up a wealth of new processes businesses can use, there are still security concerns that stem from cloud use. By purchasing cyber liability insurance, firms can feel safe from any litigation that stems from computer hacking or cybercrime.

 

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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