Cannabis businesses are quickly becoming major targets for cybercrime. This is because cannabis businesses have a lot of valuable data that criminals can steal, including customer information, financial data, and product information. Unfortunately, just 41% of marijuana businesses have taken steps to prevent ransomware attacks. If your online cannabis business doesn't have a cannabis cyber liability policy, you're at risk of losing this data to cybercriminals.
Cannabis cyber liabilities can help protect your business from a variety of cybercrime, including:
Your small business is going to face different risks, but you can prepare for them thanks to business insurance. You just want to go about getting it in the following ways.
Make Sure Insurance Types Are Relevant to Company Operations
You are different types of business insurance today including commercial property, general liability, and cyber liability insurance. There are probably one or two insurance types that make the most sense for your business today though.
If you run a business out of your home, you may think that you do not need to purchase business insurance simply due to the small size of your company. However, the fact is, that even home businesses can benefit from this type of insurance coverage. Continue reading below to learn more about three of the reasons you should seriously consider purchasing business insurance for your home business.
#1: Your Home Insurance Policy Will Not Protect Your Business Assets
With new and used car prices at historically high levels, many families find they must scrutinize their budgets carefully to determine how the new expenditure will affect their finances. Since auto insurance premiums can also be a significant expense in most households, finding ways to minimize the cost of coverage for the new vehicle can be an important way for families to reduce the pain of purchasing another vehicle.
Determine whether to buy new or used
Whether you are searching for a suitable home insurance plan for your first or second home, it's advisable to ask the right questions. The answers you get will help you pick the best homeowners insurance coverage that meets your current needs.
The objective is not to find a cheap policy but to make sure you get the right kind of protection. Here are questions your insurance rep or agent should answer to help you make an informed choice.
