BYOD Saves Money But Increases Risks for Small Businesses

BYOD Saves Money But Increases Risks for Small Businesses











CHICAGO, Ill. (PRWEB) February 05, 2013

Running a small business involves constant cost-benefit analysis. Each minute and dollar spent is one that must yield additional returns. That’s why it’s often easy to get roped into the latest technology fad that promises convenience and cost savings. TechInsurance, the nation’s leading online insurance provider for information technology businesses, has seen a notable increase in cyber liability coverage from small and micro businesses exploring bring-your-own-device (BYOD) approval, which empower employees to use their personal devices – from smartphones to tablets and laptops – for work and at work.

In a CDW survey of small businesses released in October 2012, 89 percent of IT managers said employees were embracing BYOD approval and using personal, non-company issued mobile devices for work. Yet just half of those IT managers thought their business had an effective strategy to deal with these devices.

“Small and micro businesses are particularly vulnerable to the challenges that arise from BYOD,” said Ted Devine, chief executive officer of TechInsurance. “Without a technology department to effectively manage these devices, small and micro business owners need to ensure their insurance coverage is comprehensive and protects against risks of data loss, viruses, and malware on non-company devices.”

TechInsurance recommends that small and micro businesses update their insurance coverage to include the following, which are part of TechInsurance’s suite of products:


    Cyber Liability Insurance: Mobile devices are particularly vulnerable to malware and hackers, who often look for the path of least resistance. Cyber Liability coverage protects against expenses and liability from the theft or loss of data and/or breach of data security and privacy.
    Errors and Omissions Insurance: This type of coverage protects your business from claims that you or one of your employees was negligent in carrying out professional duties. If, for instance, loss or theft of a mobile device resulted in exposure of customer data or inability to complete a time-sensitive project, Errors and Omissions Insurance would protect against related expenses and liability.

In addition to insurance coverage, formal BYOD guidelines should be accompanied by employee education and a thorough set of standards on how to handle company information. “Business owners cannot assume that because they have ceded responsibility for purchasing devices that they hold no responsibility for how those devices are used,” Devine notes. “Quite the opposite, both in practice and in terms of business liability.”

TechInsurance gives small and micro businesses access to the nation’s most respected, A-rated business insurance carriers as well as licensed insurance agents trained to identify the best possible insurance products to meet their needs. For more information on TechInsurance’s offerings, please visit http://www.techinsurance.com.

About TechInsurance

TechInsurance is a web-based e-agent that offers IT businesses and professionals fast, easy, one-stop shopping for all their Commercial Property Insurance and liability needs. TechInsurance was founded in 1997 in response to the difficulty IT services firms had finding high-quality, affordable business insurance. With more than 51,000 businesses insured since 1997, the company has grown to become America’s leading online provider of business and professional insurance for computer consulting, web services companies, and other IT service businesses. For information, visit http://www.techinsurance.com.























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Every Small Business Owner Needs Public Liability Insurance

Article by Paul Delaney









If you own a business and have the public or customers coming onto your premises, or if you visit their premises, you should consider taking out public liability insurance. PL insurance will cover any monetary awards to a member of the public due to injures sustained or damage to their property that was cause by your or your business.

This type of insurance also has you covered for any possible legal fees that may arise. It will also take care of costs and expenses due to hospital and/or medical treatment that someone claims you owe.

If you own a business and someone who is visiting your establishment is accidentally injured, you will surely want insurance to cover any costs involved. PL insurance is designed to take care of this type of situation and it also will cover you if you should happen to damage someone else’s property by mistake, while you were carrying out business. For example, if you own a pet store and a customer comes in to pick up some dog supplies and happens to fall inside your store because a floor tile was loose, public liability insurance will cover your business if the customer decides to make a claim for the injuries he sustained while in your store.

As another example: Imagine for a minute that you are a self-employed plumber. While you are at a customer’s site, you trip and drop your toolbox on top of an expensive computer, damaging it beyond repair. Your public liability coverage has you covered in case the client wishes for you to replace the expensive computer.Small business owners in the UK who do not take out proper public liability coverage are operating in a danger zone. It is far better to have too much coverage than not enough. Accidents happen and they occur on a regular basis each and every day, regardless of how careful we may be or of how many precautions are taken. The amount of public liability coverage you need will depend on the nature and size of your business. It is best to get several quotes from various insurance carriers to look at all of the options available to you.

There are many websites that you can use to compare public liability insurance policies. Many of these sites are comprised of online forms that ask you a variety of questions such as the size and nature of your business. You simply follow the steps and provide the info asked and you will then be presented with a list of quotes from which you may choose a policy that is well suited to meet your business needs. You want to be very sure that you get enough coverage because you certainly do not want to be put in a situation where you are forced to pay someone far more money in compensation than what your policy covers.

When in doubt, be sure to consult with an expert. Public liability insurance is designed to allow you to operate your business knowing that you are protected from unexpected mishaps. It is there for you so be sure to choose a plan that fits your business model.



About the Author

For more information about Public Liability Insurance visit Flint Insurance for an online quote today!Distributed by Content Crooner










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