Is your small business prepared for devastating, unforeseen events?
For a few moments, just imagine all those ‘what ifs’ that could impact your business. Here’s a list from A to Z that may encourage you to review your current business insurance coverage.
- Arson
- Business-related law suits
- Casualty losses
- Devastating floods
- Electronic loss of data
- Fire losses
- Governmental regulations that threaten continuity of operations
- Horrific rumors that cause damage to a firm’s reputation
- Infringement of proprietary patents
- Juries awarding unjust judgments against a company
- Killer computer failures that shut down a company’s data operations
- Legal wrangles that tax the company’s coffers
- Mitigation woes from environmentalists
- Natural disasters
- Operational failures that shut down an office
- Peeved clients who defame your company
- Queries from tax-levying agencies that turn into a fishing expedition
- Regulations that hit hard at a company’s essential operations
- Spies who steal proprietary information
- Tax collectors that drain the company’s time
- Unexpected accidents of all kinds
- Vicious rumors that cause sales to plummet
- Weather-related shutdowns
- Xenophobic employees who trigger harassing lawsuits
- Youthful thieves who break in and steal your property
- Zealous activists that besmirch your reputation
Many businesses have taken insufficient steps to be prepared for these disasters, because the process seems so time-consuming and costly. But in reality, even small steps that cost little or nothing at all can make a huge difference when disaster hits.