A Step by Step Guide to Security Risk Assessment for SMB

Data breaches are a common headline maker nowadays. Big names across industries are surprisingly involved in incidents of hacks and security compromises: Yahoo!. Sage, Apple and the IRS are only some of the many data breaches recorded in 2016.

With the proliferation of technology solutions for small and medium-sized businesses (SMB), these small players are not spared from threats of hacks and data breaches. Now, it is proven that businesses, big or small, all face the same threat to their information security. But one thing that they should regularly do is to assess the security risk they have with the technologies, personnel and policies they have.

Why SMBs Should Perform a Security Risk Assessment

Proactively addressing the information security is an essential and obligatory role of every organization. Regulatory requirements for the protection of confidential and personal data as well as SLA requirements both push every organization to meet the minimum information security requisite to operate. While Risk assessment can vary in scope and method the main purpose for which it is undertaken does not vary, that is, to identify risks and hazard, and thereby prevent any information security problems.

5 Guiding Principles in Performing a Security Risk Assessment

As an integral process to secure the organization’s information assets, there should be well defined rationales or principles to guide the method and scope of the assessment. Here are 5

  1. Productivity. In the long run, risk assessment boosts productivity of IT operations, security and audit by means of formalizing and structuring the review, and implementing self-analysis features.
  2. Self-Analysis. When implementing a risk assessment, organizations should remember that it should be simple enough to use by even those who know not about information security or IT expertise. It makes security more accommodating to anybody in an organization and helps to integrate security into the organization’s culture.
  3. Breaking Barriers. Risk Assessment is addressed by both the organizational management as well as the IT staff in order to make it an effective procedure.
  4. Communication. As this procedure enjoins multiple parts of the organization,  open communication is promoted so decision making is hastened.
  5. Cost Justification. To achieve an effective security risk assessment, the key business managers should be educated about the most critical risks with the use of technology and should be provided with a strong justification for such security investment.

Most Common SMB Security Threats

A well secured IT could be the least concern of most small and medium-sized businesses, for the reason that owners are not enough educated about the risk of neglecting information security and the hefty price it can incur when risks escalate. As a primer, here are the most common failures of SMBs that put their business at risk:

Poor Password Hygiene. Even in the advent of multi-factor Authentication, business owners and employees still fail to keep passwords a top secret. Not to mention, easy-to-guess passwords are still fairly common.

Unrestricted Access Control. Organization’s Data and information should not be available for everyone’s disposal. Access control should be restricted. This, however, is something that many SMBs are likely to overlook.

Outdated Security Software. Meager investment to information security is at the heart of every outdated security software. If even large companies sometimes fail on this, small to medium sized businesses are not spared to fail in allotting money to secure information system.

These are obvious vulnerabilities that can be practically solved with a sound security practice. In the following section, the essential tasks that have to be including in every Security Risk Assessment are discussed.

10 Essential Tasks to Include During Security Risk Assessment

  1. Look for known external vulnerabilities and audit the firewall configuration

First off, a firewall should be in place. The Bangladesh Central Bank lost about $81 million, and one of the reason behind such vulnerability is the lack of firewall protection. Inbound and outbound firewall configuration should be reviewed or evaluated to eliminate unwanted traffic and leak of confidential information.

  1. Evaluate the patch management tool in place

It is important to ensure that the patch management tool works effectively and in a timely manner especially for systems needing security patches.

  1. Review Antivirus Software currently used

This is important to determine whether or not the antivirus works properly or needs update or repair.

  1. Conduct Administrator and Permission Review

Administrative privileges should be evaluated so that the list of users provided with such permission or privileges are carefully kept under watch.

  1. Perform a Walk-through security inspection

This checks common practices among employees that can risk information security like flash drives available anywhere and passwords written on post-its.

  1. Run both external and internal vulnerability scan

Both internal and external vulnerability scan are important to check every possible zero-day vulnerability. Internal vulnerability scan identifies risks and threats inside the business network while the external vulnerability scan identifies holes in your network from outside threat.

  1. Identify suspicious log-in or login attempts.

Review log-in history so you can be ahead of the curve on the status of your network. This should signal whether a rogue employee or external attacker have tried to attack your system.

  1. Review the current Security Policy

You should ensure that the security policies governing your organization are all consistent with every provision, and compliant to existing best practices.

  1. Identify possible defunct or rogue users and systems

Internal threats are also to be identified. Do this by reviewing access control, computers, and network switch details.

  1. Meet the Minimum Basic Requirement.

HIPAA, PCI and ISO 27001 are only some of the compliances that certify your network is secured. Meet these requirements and you’re sure ready to do your business with least worry.

How Network Operations Center (NOC) Can Help

Growing your business entails larger confidential and personal information that require hiring new IT management staff, technicians and deploying more tools and technology. Adding more personnel and services incur extra cost and add more risk in security.

But you can cut off hiring and deploying new services with a formidable network operations center ready to protect you from threats. INOC provides end-to-end security solutions for network. We respond accordingly with the level of service that your organization needs. You can choose the service-level agreement that suits your budget and need.

Author Bio:

Micah de Jesus is a Digital Marketing Professional. She works as the Managing Director of GrowthScout SEO Services, an SEO & digital marketing firm in Quezon City, Philippines. She has a knack for making travel itineraries, writing about network operations center and perfumes.

 

First Impressions: Where Companies Make Them and How to Make Them Better

When it comes to business-consumer interactions, few match the first impression in terms of critical importance. Whether it’s situations where a potential customer has sought out a product or service on their own, or ones in which a business is reaching out to make contact via advertising, the initial takeaways will decide whether or not new customers are made and current ones maintained.

It’s therefore imperative for businesses to optimize the ways in which they are most likely to make first impressions. When it comes to the top priorities, here are the places to get started immediately:

Company website

With most consumers shopping online these days, the first meaningful introduction to a company will likely be its website. Of course, they may also find reviews and references to the business, but the website content will provide genuine insight into how the company operates. When it comes to how to make a website which succeeds, aim for a sleek, smooth design. This offers the first clue as to the technological efficiency and credibility of a company. Furthermore, a well-organized homepage and menu can quickly lead customers to desired information to make contact or confirm a purchase. Posting a blog that is humorous, nostalgic, or pointed, depending on the writer’s personality and style, can draw a following that may generate new customer leads and bring back repeat business from previous customers.

Advertising

A well-orchestrated marketing campaign helps to brand a business for ready identification in the local community or online. A logo, color scheme, and slogan combined on well-designed business signage will help customers to immediately recognize the company apart from the competition. Radio, television, or internet interviews with company leaders, instructional or philosophical workshops via youtube or in a local bookstore, and trade publication articles and reviews help to promote the business to new and existing customers.

Social media

Social media is not just for socializing. Businesses around the globe are utilizing online communication applications to create vibrant first impressions of a business. For example, a Twitter account can quickly build a following when a company leader routinely posts insightful or entertaining insights to current events or industry news along with company highlights. Facebook remains a world-renowned secondary site for many companies to launch their business. Linkedin forges networking services among companies and within sectors to build professional relationships. Instagram and a host of other social media options offer portals to additional company promotions without having to pay a cent.

Products or services

Apart from concerted marketing efforts launched from the website, a branding campaign, or social media, consumers often get important first impressions from the company’s products or services. Product reviews found at other websites provide descriptive information not only about the company’s business, but also about the company itself, such as its views on quality, value, and customer support. A business should feature its products in venues that are appropriate and suitable. Promoting a product in a questionable ad or casting it in a questionable light to help customers save money or switch companies is not just unattractive but also unethical. Detailed, objective reviews can be helpful in getting customers to try a new product.

Virtually everything that a company displays to the public, whether online or locally, will be evaluated by the public to determine whether it merits consumer interest. Accordingly, a company should optimize efforts in the above promotional initiatives to attract prospective customers and increase sales volume.

 

How To Effectively Compare Credit Card Processing Companies

If you are either starting a new business or you are looking to switch credit card processing companies, you will want to be sure to recognize the main factors that you should be comparing. While you will need to pay fairly significant upfront costs and ongoing credit card processing fees, accepting credit cards can truly open up the potential to reach more customers and allow you to boost your sales significantly.

Over 80% of businesses that begin to accept credit cards as a form of payment see an increase in sales. This, along with the advancement of mobile payment solutions, choosing the right credit card processing company is more important than ever before. However, because of the variables involved, it is not the easiest choice to make. Below, we will be going over some of the most critical factors that should be included in your decision-making process.

Factors To Consider In Your Decision-Making Process:

  1. Fees and Cost

The main thing that you are going to want to look at when you are initially comparing the different credit card solutions would have to be the fees and the cost associated with each processor.

Interchange Fees:

There is a fee that is charged for every transaction that you process with a company. You want to figure out what fee you can expect to pay for each company. This will give you a good idea of how much of your profits would get lost due to processing fees. Typically, the rate will sit anywhere from 2 percent to 3 percent. With that being said, the rate that you are going to end up paying will depend on a variety of factors.

For one, it will likely depend on the type of credit card that is being used for the transaction. For instance, is the customer using debit or credit? It will also depend on the type of transaction it is. For instance, is it being done online or in-person? In-store transactions are going to cost your business the least amount in processing fees because the card is being physically presented which reduces the overall risk to the credit card processor for having to deal with cases of fraud. It will also depend on the overall size of the transaction. For instance, is the total transaction high or low? The larger the transaction, the lower the transaction fee will be.

Application and Setup Fees:

There are also application and setup fees that you will likely be charged when you make the decision to sign up for a credit card processor. You are likely going to need to pay a fee for the setup, depending on the company that you opt for. Some might not charge for this.

Monthly Minimum Fee:

Another fee that you will need to calculate and add to the overall cost would be the minimum monthly fee that the credit card company must collect each and every month. This is to ensure that you are not costing the processor more money than you are giving them each month. Therefore, if you fail to reach the minimum one month, they will automatically push you towards the minimum and charge you excess fees to do so. Therefore, if a company has a minimum of $50 for one month and you only reach $35 in credit card fees for that month, they will automatically charge you an additional $15 to push you to the minimum.

Gateway Access Fee:

A lot of processors will also charge you a monthly fee associated with providing you a payment gateway. This is the technology that effectively transmits transaction data from the point of sale or processing system directly to the card companies.

Early Termination Fee:

Another thing that you are going to want to keep in mind when you are signing up for a processor would be whether or not they charge an ETF or early termination fee for breaking the contract term length.

It is very important to understand each and every one of the fees that a processor will be charging you prior to signing up. Not only will it help you accurately calculate your on-going business costs, but it can help you choose the right processor for your business type and size.

  1. What Payment Types Are Accepted?

Another major thing that you are going to want to keep in mind when you are looking to pick and choose a processor for your business would have to be the payment types that are accepted. Ideally, you want to find a processor that accepts all types of credit cards. That way, you are not forced to turn away a potential customer simply because they do not have the right type of card for your processor.

You will even want to be sure that the processor you end up choosing has the right technology in place to accept new payment technologies as well. This is especially true if your business targets the younger generations because a lot of these younger people are becoming more and more accustomed to paying with NFC technology and using their phones as their new digital wallets. The number of people that use these new technologies to pay is only increasing by the day so you want your business to adapt quickly.

  1. Customer Service

When it comes to choosing the ideal processing company, you will want to factor in their customer support and level of customer service as a whole. Not only is it imperative to find one that offers 24/7 support, but you also want to find one that has a great reputation in the marketplace for being quick to respond to issues and resolve them. While you cannot base this criterion off of your own experiences, you should be able to check for reviews online to see what companies people have the most trouble with. Being able to resolve processing issues quickly is crucial in business so this should be placed high on your list of priorities when choosing one.

Overall, there are a lot of things that you are going to want to think about when it comes to choosing the right credit card processing company. By following the tips above and comparing your options, you should be in a good position to choose the right one for your business.

Thoughts On Designing A Sign For Your New Company’s Building

If you just purchased a new building for your company, you might be wondering how you could design a sign that would be beneficial for your business. There are several different types that you can choose from. There are those that will go on the exterior of the building, telling people about your business. There are also interior signs that can be useful at directing people to different locations. If your main concern is to create a sign that will attract more people, there are many considerations that must be made. The size of the sign, the material that it is made of, and how it will be structured, are all things that must be analyzed. Here are a few thoughts on designing a sign for your new company’s building so that you can maximize the number of visitors you are able to receive.

What Type Of Signs Should You Consider Creating?

There are many outdoor signs that you should consider creating. The largest ones are called pylon, pole, and monument signs. Pylon signs are going to be situated amidst many other signs, typically positioned with every other business in a shopping center or in a building complex. Individual businesses often use what are called pole signs. These are typically just as tall as pylon signs, yet they are going to be by themselves. Finally, monument signs are usually positioned in the parking lot, typically near the entrance to a building. Once these are in place, this will bring more people to your place of business, but you have to be careful in the way you design them.

How To Design A Sign For Your Business

Designing a sign for your business is not as difficult as you would think. Most of them are designed in a similar fashion. Most of the outdoor signs are going to be made of some type of PVC plastic, or they might be made of aluminum. Those that are made of this very durable plastic material can be semitransparent. This allows them to light up at night, allowing people to see the sign as they are driving by, attracting people to the business. The structure of the sign is typically rectangular. It can have the name of the business, and the logo, on either side. Smaller signs might be made of some type of acrylic and may only have one side that will have their business information. The name of the company will be prominently displayed. The logo will also be on the sign, usually to the top left. Any other information, including the phone number or website of the company will be positioned at the bottom.

What Should Be The Most Prominent Feature?

There are three prominent features that should be on a business sign. First of all, you need to prominently display the name of the company. The lettering should stand out, allowing people to easily read the company name as they are walking or driving by. The logo is the second most important feature. This should be memorable, allowing people to quickly identify that symbol, or series of letters, with your company. Finally, the URL, or the phone number, of the business should be almost as large, something that they can either remember or write down. The font that you use for the letters is also important. It should be easy to read. Although using lettering that is more like cursive would look fancy, it will be too hard for most people to process, especially if they only have a few seconds to look at your sign.

Lettering And Background Of The Sign

The lettering should contrast with the background of the sign itself. It should easily stand out. For example, the letters could be in black, but the sign would be in yellow. Another example would be white lettering on a bright red background. Primary colors are highly recommended, allowing people to easily see what your sign is all about. Your sign can evolve over time, especially as your business develops more notoriety. For example, some of the more popular businesses only use the name of their company minus a logo. Albeit, these company names are relatively short, allowing them to make the letters as large as possible. If the name of your company is longer, your logo should also be used.

How To Find Someone To Design Your Sign

Finding a business to design your sign is the next step of the process. Although you may have good ideas, it is better to work with a professional at https://atlanticsigncompany.com  that can help you. They will have designed a multitude of signs over the years and will have a much better idea of how to structure it. This will allow you to use their feedback on your ideas, allowing both of you to collectively design the perfect sign for your business. They will also know what type of material would be best. This could be anything from PVC to acrylic. If you are going to design additional signs that will be adjacent to your building, these could be made of wood, or they could also be signs that are lit from within. You can find these professionals by searching for them on the Internet. You may also find several checking in the local phone directory. This information will allow you to contact several different businesses to request a quote on how much it will cost to create your sign for you.

As you are coming up with different thoughts for designing your sign, try to be creative but also minimalistic. People passing by will only have a few seconds to see your sign, and it needs to make a solid impact. If the name of your company is relatively short, this can work in your favor. If not, you will want to use a logo. Contrast the lettering with the background of the sign, and if you want to see this at night, it should be the type of sign that will light up from within. Whether you choose to get a pole, pylon, or monument sign, these can be very helpful at directing people to your business. As long as you are working with a professional that can help you, you will end up with a well-designed sign representing your company.

Answers to Common Questions by Investors in Hong Kong

Hong Kong has stood out from its peers both in Europe and globally too as one of the most desirable destinations for investment. The administration stops at nothing in advancing the business economy. Once investors incorporate their companies in Hong Kong, the second step is opening a bank account before starting to operate. Now, there is a third step that involves preparing and maintaining a register of beneficial owners Hong Kong. However, many investors have been asking a lot of questions about the new requirement. Here are some of the answers to these questions.

Who exactly is the person or entity referred as the significant controller in a company?

The significant controller of a company should be considered a person or entity that has substantial influence on a company. This influence is measured using the shareholding that the person or the legal entity holds in the company. That person or entity should have 25% or more of the issued shares in that company.

The person is also deemed to have significant control in a company if he controls about 25% of the total voting rights. He can also have direct influence such as veto powers on appointments of company staff.

How does a company identify the significant controller/s?

After the Companies Ordinance was amended and the new requirements became law, every Hong Kong Company is now required to take some efforts in identifying SC (significant controllers). These efforts involve reviewing the company’s members register as outlined in the Articles of Association, the shareholder’s agreements, and issuing notices. Note that once you identify the significant controllers, you have to send them notices for confirmation of their details.

If a company has two shareholders each having 50% of the shareholding, who should be included in the SCR?

The requirement of the Hong Kong beneficial ownership register is that any person with significant control of the company should be included. In this scenario, both shareholders have to be included in the register because each controls 50% of the company. Even in a situation where more shareholders are involved but each has over 25% significant control, all their details must be captured well in the register.

Is it possible to change the location of the significant controllers register Hong Kong?

Once the beneficial ownership register Hong Kong has been prepared, the company ordinance requires the company to maintain it in the registered office. However, the law does not delimit your company from storing the register elsewhere. In such a situation, you only need to notify the Hong Kong authorities by signing Form NR2 within 15 days after the change.

 

Understanding High Risk Payment Solutions

Most businesses that are labeled as ‘high risk’ may be put off by the constant rejection by some of the familiar merchant account providers. Well, it is obvious that dealing with payments involving these high-risk businesses is very tricky and most service providers prefer to avoid them entirely instead of biting the bullet. However, if you own such a company that has been denied a merchant account severally, do not lose hope as you could still get a suitable payment option. You might not be aware, but some providers are specialized in high-risk merchant accounts, and they might approve your business payment solutions for cannabis. However, even if a conventional processor does not specialize in high-risk payments, they might still be able to accept your business. The trick is not to ignore the traditional service providers since the primary determinant is how much of a threat you pose to them financially at the end of it all.

What Defines High Risk?

For your business to be regarded as a high risk one, there must be some things that characterize its operations and location among other things. Typically, a processor might think of your business as high risk if the following situations apply to it;

  • The industry your business is in has a high probability of fraud cases.
  • Bad credit.
  • Firms that are located offshore.
  • Companies that are questionable.
  • Business involving commodities that are partially illegal.

All industries are molded differently, and you need to discover a processor that is willing to work with you, especially for the high-risk businesses. Read below and find out how these high-risk payment options work;

The Application

When it comes to this phase, the risk factor is used as the primary determinant as to whether a payment processor will approve or deny your application. The analysts take a keen look at the business’ financial records and try to see whether it may show any signs of an insecure investment. For the high-risk companies, these analyses may lead to conclusions that the applying business has poor business strategies that may allude that the firm might not meet the qualifications required for a business to become approved. Usually, when dealing with the traditional service providers, the presence of a company on an industry blacklist, records of chargebacks and shady financial records might indicate a risky investment and will force the provider to reject the application.

However, that does not signify the end of everything since some risky businesses have a very impressive financial viability. Other issues such as chargeback rates and fraud cases depend on the industry a company is based in, and some risky businesses manage to keep them under control. These firms must clear some other issues out first before they can be allowed to process debit and credit transactions. In a nutshell, there is very little that a high-risk business can do but just to find a suitable payment processor that accommodates them.

How Does The Payment Processing Work?

It is vital to understand how these transactions work before even applying for one. The process all begin when a customer tries to purchase a product and enter their account information either manually or through a point of sale machine where they swipe their debit card. When they do this, the merchant terminal sends this account information to a processor which passes through a specified security gateway to ensure that malicious internet users do not intercept the data.

When the customer’s account information gets to the processor, they transmit it to the credit card company which can either approve or deny the payment based on a couple of factors. The first determinant is usually the amount of money available in the account and whether it is sufficient to complete the payment. The other factor is whether the payment request seems legit, as cases or repeated payments that look suspicious can easily be rejected. Once the approval is generated, it is sent back to the merchant’s terminal, and this is where the role of the customer ends.

The merchant does not receive their money right away, and they have to wait for them to receive the payment from the customer’s bank. The disbursement is sent through the same channel and goes through the processor before arriving at the merchant’s account. If a customer challenges the payment, the card processor withdraws the amount until the matter is settled and this is the most common case seen with chargebacks.

Why The Strict Yardsticks?

One of the main reasons why you might find it hard to find a suitable high-risk merchant account provider is that they are liable for your risk. In the event of any chargeback or fraud cases, these merchant service providers are the most affected parties, even though these cases affect every member of the chain. This explains why the rates for your high-risk business will always be higher than those charged for the normal business, but if you are stuck between a hard place and a rock, what other option do you have?

Selecting A Suitable Merchant Account Provider

Keep in mind that you should strive to find a suitable high-risk merchant who can always be characterized by a few defining factors. First, they should be specialized in dealing with high-risk businesses which gives them the experienced required to deal with your case. They should also be open top negotiating reasonable and flexible pricing plans that won’t strain your business a lot. They should offer the required e-commerce support such as payment gateways that are proven and secure. They should provide you with the needed hardware support such as the point of sale credit card processors. Lastly, they should offer you continuous support since the issues that surround these high-risk business operations come about regularly.

High-risk businesses face huge challenges trying to get a suitable merchant account service provider, but all is not lost as several new providers are getting into the fray, offering amazing services to these kinds of businesses. Your business options are not completely limited, and you can be sure to find a suitable payment option if you do your homework well and analyze the existing ones carefully.

Research and development tax credit for small business

The nature of small business is such that owners are often juggling several tasks at once. With the responsibilities of managing staff, generating business, and keeping on top of the accounts all vying for priority, it’s easy to see how potential tax benefits could go unexplored.

If that’s the case with your business, you’re not alone. Research suggests that around 90% of companies eligible to claim research and development tax relief don’t do so and are thus missing out on potentially significant cash injections.

What are R&D tax credits?

The UK government is encouraging businesses to invest in research and development activity by offering financial support for such projects, which is available at the end of the tax year. Calculated as part of the Corporation Tax Return, an R&D tax credit claim enables small businesses to reduce their CT bill by an additional £130 for every £100 spent on R&D.

So, if your business has spent £100 on R&D activity, the taxable profits are reduced by a total of £230.

What is the eligibility criteria?

In order to be eligible for R&D tax credits, a project must meet some basic criteria, namely:

  • Be seeking an advancement in science or technology
  • Be aiming to overcome a specific uncertainty
  • Be seeking a solution that cannot be readily found by a professional in the field

The definition is deliberately vague so that a range of activities in a range of sectors can be rewarded financially for their endeavours.

In order to be eligible to claim specifically under the SME scheme, your business must have fewer than 500 employees and an annual turnover of less than €100 million (or a balance sheet of less than €86 million).

What costs can be claimed?

Expenditure that directly relates to the project – such as staff wages, consumables and utilities – is classed as ‘qualifying expenditure’ and can be claimed for. A percentage of sub-contractor costs and, where applicable, costs for software licences and clinical volunteer payments can also be eligible.

How can we claim?

The process of claiming can be complex, so it’s advisable to seek help from a tax specialist such as R&D Tax Solutions when putting together an application. Essentially, records of expenditure relating directly to the project must be gathered and totalled, and the calculation made and inputted onto the CT form.

In support of the claim, documentation should be supplied which details the objectives of the project, the methods and tools used, and the challenges or uncertainties that had to be overcome. These documents help make the claim successful and ensure your business gets rewarded for its investment into innovation.

If you think your business is eligible for R&D tax credit under the SME scheme, contact a tax professional today to begin preparing your claim.

 

How To Cover Every Emergency With Insurance For Your Small Business

Small businesses can greatly benefit from having the proper types of insurance. Business insurance can cover any type of emergency with your small business so it’s always wise to understand your options and make the right choices when you’re choosing your business insurance.

The goal of business insurance is to protect you from unexpected costs of running your business. Things such as accidents, lawsuits, natural disasters and more could all put you out of business. If you’re not protected with the right kind of insurance, you may not be in business if such an event happens.

Typically, the protection that you get from selecting the right insurance will be determined by the type of business structure that you have such as an LLC or a Corporation that will only protect the personal property. Even the protection of the personal property is limited.

The goal of choosing the right corporate insurance policy Miamiis to fill in the gaps of your coverage to ensure that you have both your business and your personal assets fully covered and protected from any unexpected events. It’s important to understand exactly what your insurance covers and make sure that you’ve purchased the proper gap coverages to cover any type of emergency.

It’s a requirement of the federal government that each and every business that has employees have insurance including worker’s compensation, disability, and unemployment insurance. Many states also require small businesses to have other types of insurance. To fully understand what is required it’s recommended that you visit your state website to see what specific requirements are for your state.

There are six basic types of insurance. After purchasing the basic insurance coverages for a small business. There are six other types that will want to be considered to ensure that the business is fully covered for any eventuality.

An insurance agent can assist you in finding the exact coverages that your business required for any type of emergency. You’ll want to be sure that you compare options, coverages, premiums and the terms before you select your final product. Always go over these carefully before signing on the dotted line.

There are 4 basic steps to buying your business insurance. The first is to assess your potential risks. Consider what sorts of accidents, lawsuits, natural disasters or could potentially damage your business. If you’re unsure of which ones could potentially affect your particular business, you can consult with the National Federation of Independent Businesses or the NFIB regarding what your potential risks may be.

Always make sure that you’re using a reputable insurance agent that is fully licensed and bonded. They will receive a commission from the insurance company that they sell the policies for so you want to make sure that they’re looking out for your interests not just their own.

Shop around for your insurance. Different companies will have different premium packages for the same coverages. Going with the lowest premium isn’t always the best way to go. Consider your options fully before you agree to any particulars regarding your coverages.

Do an annual review of your insurance coverages and make sure that your policy is always up to date. If you’re making a new product, if you’ve made changes in the structure of your business, make sure that you’re taking this into account at your annual review.

It’s important to understand that there are different types of coverages for every conceivable type of risk that a business could potentially face. Homeowner’s or Renter’s insurance business riders are available in many situations and can easily be added to homeowners or a renter’s insurance policy. This can save many businesses a lot of money.

Depending on the particular type of business, you might wish to add property damage to this type of policy as well as a liability insurance that will protect you, the business owner from any potential liability, especially if the business is run from your place of residence.

Liability insurance can also protect you against a third-party lawsuit should there be a malpractice suit. A good insurance agent is going to recommend that you purchase plenty of liability coverage to ensure that you’re fully covered.

If there are company vehicles, you’ll also want to make sure that these are fully insured for transporting employees, equipment, or products. If employees are driving their own vehicles for deliveries or to and from meetings, you’ll need to check into non-owned liability coverages for your needs.

Data Breach insurance is also referred to as Cyber Liability Insurance. Small businesses that collect and store personal or sensitive data regarding their customers or their employees may wish to look into this type of insurance. This can protect information from hackers and if for some reason hackers do get in, it can protect the business from personal liability.

Business Owner’s Policy or a BOP will cover a variety of policies for small businesses. In lieu of purchasing separate policies for different coverages, this is more of an umbrella policy that will cover many potential events. A good insurance agent will be able to assist with this kind of policy.

Running a small business is an overwhelming task and making sure that you have the proper insurance coverages is tantamount to keeping your business up and running. It’s vital to ensure that you have all of the best coverages and work closely with a good insurance agent when you’re ensuring your business.

Your business is vital to your survival and if you suddenly have a large claim it could completely wipe you out and you’d be left with huge fines, a lawsuit and no means of income. Get the adequate coverages that you need and work closely with your insurance agent to ensure that your business is protected. It only takes a few minutes annually to make sure that everything is up to date and running smoothly for you. This is the best way to cover every emergency with insurance for your small business.

How to Maintain Mental Health in the Office

When it comes to business careers, it can be rough managing the job and your personal life. We all know that money makes the world go ‘round, and money changes hands frequently and in large amounts in business environs, and so small mistakes can translate to big losses. That pressure can ravage your body and mind, and so it’s important and prudent to take matters into your own hands and fight the stress that this type of work entails. After all, the job that sustains you can’t be what’s slowly killing you, and you also can’t afford to leave it behind. Here are some alternatives to quitting your job.

First and foremost, hobbies are a great way to reduce stress. Hobbies of all kinds have been used as escapism to varying degrees, so taking up a hobby is a great way to give yourself some peace of mind while also developing a skill or otherwise broadening your horizons. For starters, use this champs coupon to grab yourself some sports gear and start playing some casual basketball with friends from work. Or, if sports aren’t your thing, why not learn to play a musical instrument? You could also paint, write, or draw. Any hobby is a great way to manage your stress, and the more mentally engaging, the better.

Another important part of maintaining office morale is taking some “me time” to relax after work. For starters, a nap is a great way to charge your batteries after a hard day’s work so as to better enjoy your evenings. Likewise, taking a nice hot bath can relax your muscles tense with stress and give you the quiet solitude with which to clear your head. Or, you could simply engage in some passive activity like watching TV or listening to music. This will allow you to engage your mind in a casual and low risk way.

Guide to Choosing a Broadband Provider

The internet is one of the most useful communication tools for the millennial. For example, business broadband allows entrepreneurs to reach a global market. Reliability and speed of broadband are essential considerations for business connections. Business broadband packages offer faster connection and reliable customer service. There is a broad variety of internet service that you can get for your home.

You will be hit with a lot of conflicting information when you start comparing offers between broadband providers. It’s important to call each provider to ask essential questions concerning their services. Don’t sign up for any service before comparing offers from other providers. Here are some of the factors to consider before choosing an internet service provider. MegaPath is one of the most reliable broadband service providers.

Data Cap

Ask whether the service provider put a monthly data cap or not. It’s also important to know how much data you can download in a month. Avoid a service provider that puts a monthly data cap. Data caps can impact your business operations especially if you are a Youtube or Netflix user.

Costs

Some broadband providers require you to rent a router or modem from them. Others will provide such equipment for free. Often, providers don’t want to reveal this hidden cost. Therefore, ask them before you subscribe to their services.

Add-ons

Some broadband providers will lure you to buy add-ons such as firewall and antivirus software from them. You don’t need to spend extra money buying software that you can download from the internet.

Bundle Your Services

Look for a service provider that already provides you cable, home phone, and satellite services. That way, you can get better rates by bundling services. It also allows you to move your other services as a bundle. If you already have a home phone service, ask the price of these services as a bundle.

Customer Service

It’s hard to judge a broadband service provider by simply reviewing customer feedback. In most cases, you will only come across negative reviews. Survey-based feedbacks on customer service can help you find a reliable service provider.

It’s important to ask around suggestions in your neighborhood before signing up for any service. Ask your neighbors and friends to refer you to the companies that provide them with internet services. Compare offers between service providers to find the one that suits your needs. Ideally, you want to gather information about different broadband service providers. The information will help you to arrive at an informed decision.

The above factors will help you find the best broadband provider. Large telecommunications companies often can’t provide internet service in remote areas. Sticking with a local company increases access and allows you to resolve connection issues quickly. A local internet service provider can respond to your problems faster than a larger telecom company. You may wait for several days before a large telecom company resolves connection problems in your home. Another advantage with a local company is that its office is just a few miles away from your home.