Do you collect personal or medical information from clients in your line of business? With the rising tide of hackers targeting small businesses, adding cyber insurance to your policy is a sensible move. The knowledgeable agents at Storey Insurance in Senatobia, MS, are ready to help you understand cyber insurance and what it covers.

What Protection Does Cyber Insurance Provide?

Adding cybersecurity to your commercial insurance policy generally assists in compensating for financial losses that occur after a cyber-attack. These losses may encompass data recovery, extortion, hacking, and notification costs. Our team stands ready to help you comprehend the different types of coverage available and their potential benefits to your business.

What’s Included in Cyber Insurance?

It is mandatory under state and federal laws for businesses to notify their clients following a data breach involving their personal information. Cyber insurance can assist in covering the costs related to the notification process.

If your computer systems are compromised, you might be required to bear the expense of restoring personal identities. In addition, data breaches involving the theft of personal information could invite lawsuits, meaning you should ensure your insurance covers legal fees.

In some circumstances, hackers might corrupt or eliminate sensitive data. As a result, you might need to enlist the services of data recovery experts to retrieve data and rehabilitate computer systems affected by the attack.

What If Hackers Hold Your Company for Ransom?

Ransomware can deny you access to your own computer systems. With cyber insurance, you are provided aid in meeting ransom demands or attempting to apprehend the responsible parties. Cybersecurity specialists can help steer you through the complexities of recovering missing or stolen data. There are also privacy regulations and policies that you’ll be required to comply with. With the right insurance, you can afford to bring in experienced experts to guide you through recovery.

To schedule an appointment or request a cyber insurance quote, contact the team at Storey Insurance in Senatobia, Mississippi.

Today’s unpredictable business landscape calls for Mississippi business owners to protect their proprietary investments against potential risks. Trusted insurance professionals at Storey Insurance in Senatobia, MS can help protect your enterprise with commercial insurance.

How Businesses Thrive During Tumultuous Times

Having the right insurance can make all the difference during tumultuous times. Unexpected business shutdowns from natural disasters like hurricanes, tornados, or fires can leave local business owners reeling from financial fallout. 

Get Liability Coverage and Property Protection for Business Owners 

Accidents on your premises can lead to lawsuits, liabilities, and claims for medical damages or bodily injury. Commercial insurance with property protection can shield your business from these costly claims. 

Business Interruption Insurance Benefits

Sudden shutdowns can lead to financial losses that can throw a wrench in your everyday operations costs for purchasing products, meeting payroll, and business-related expenses. Talk to a trusted agent to find out how business insurance can help keep your business running during times of crisis. 

Protect Your Employees with Worker’s Compensation

Work-related injuries or illnesses can severely impact your business and employees. Business insurance with workers’ compensation coverage can help replace lost wages, cover medical expenses, and show commitment to the safety and well-being of your employees. 

Cyber Liability Shields for Data Protection 

Today’s businesses rely heavily on the use of computers and databases filled with proprietary customer data to keep their operations moving. Protect your customer data, proprietary files, and operating systems from breach or attack by investing in commercial insurance with cyber protection. Avoid the devastating effects that a shutdown, natural disaster, or workers’ compensation claim can have on your business.

Contact the experts at Storey Insurance in Senatobia, MS, and get a commercial insurance quote today! 

At Storey Insurance, we help Senatobia, MS businesses protect their financial security with commercial insurance. In this blog, we address the types of commercial insurance coverage that many companies need but that they do not think about purchasing.

An Immense Variety of Commercial Coverage

Because businesses vary vastly in their needs, commercial insurance evolved to offer many coverage options. Ideally, a business owner sits down with an insurance agent to determine the necessary coverage and then undergoes a policy review annually to account for business changes and growth. During these meetings, we’ve noticed a few coverage types that business owners don’t realize they need out of the more than twenty-five coverage options available.

Commercial Auto Insurance

As businesses grow, their owners often purchase a vehicle devoted to the company. Although they drive this business vehicle only for work, they don’t realize it requires commercial auto coverage. A company needs to add commercial autos as soon as it purchases its first fleet vehicle, not once it owns many fleet vehicles. Although any company with a car needs this coverage, common business types include restaurants that deliver food, catering businesses, construction contractors, plumbers, and electricians.

Glass Insurance

Glass coverage applies to plate glass windows, mirrors, and safety glass. Some clients assume that these items earn protection from the structural coverage on their building, but that covers the foundation, walls, framing, and roof, not the glass. The most common businesses needing this include dance studios, retail shops, and office complexes.

Cyber Liability Coverage

Even businesses that do brisk business online sometimes neglect to tell their insurance agent that fact. They don’t know about cyber liability coverage and how it differs from general liability. As long as a business has a website and communicates online with clients, it needs cyber liability coverage to protect it from financial loss if its website or client database gets hacked.

Contact Storey Insurance Today

Don’t miss out on the commercial insurance your Senatobia, MS business needs. Contact Storey Insurance for an insurance review and update your commercial policy.

In the case of a natural disaster or fire, you could remain closed for some time. If this happens, and you have business interruption insurance, you can receive coverage to help you pay for operating expenses until you open your doors again. At Storey Insurance in Senatobia, MS, we have agents ready to discuss all of your commercial insurance needs.

What Is Business Interruption Insurance?

This type of coverage, also called business income insurance, can help your small business recover from suspended operations. It works in conjunction with commercial liability and property insurance, and you can meet with one of our agents to ensure that you include this in your policy.

Why Do You Need Business Interruption Insurance?

Depending on how your policy is written, business income insurance may cover fixed expenses, including expenses to operate elsewhere while your business location undergoes repairs and restoration. This insurance also compensates you for lost revenue while your business remains closed. Ask your insurance agent how to bundle business interruption with other coverage for peace of mind and economic security.

What Does Business Income Insurance Pay For?

This coverage doesn’t replace commercial property insurance, which pays for physical damages. Instead, it covers lost income while you remain closed for repairs. Depending on your specific policy, business income insurance may also cover lease payments, employee wages, relocation costs, loan payments, and taxes.

Note that business interruption insurance doesn’t cover losses due to earthquakes, flooding, and other events that require a separate policy. Typically, it doesn’t protect your business from losses due to pandemics or other health emergencies.

Contact Storey Insurance in Senatobia, MS, for assistance in setting up business interruption insurance for your business.