Having cyber insurance can allow you to keep your business safe in a variety of ways. With that being said, cyber security is also an important part of business operations, as it is the first line of defence for your e-commerce and other digital platforms.

Since many businesses are operating in a variety of ways where sensitive information, including the online transfer of funds, it is absolutely worth having the proper cyber security in place.

For example, private business details, as well as sensitive client information, such as bank accounts, addresses, emails, etc. can all be breached if secure online measures are not effectively implemented. Without these actions, not only will this affect your business information, but also that of your client’s, and this can be detrimental to your company’s reputation.

However, even with cyber security in place, breaches can still happen, as cyber thieves continue to find creative and underhanded ways of accessing private information that does not belong to them.

With this being the current and likely future affairs of our online world, having cyber insurance can certainly make a difference in protecting your company from a variety of severe financial and reputation-breaking outcomes.

As previously mentioned, companies should make having their own cyber security systems in place a top priority. Insurance companies will then be able to act as an added layer of protection for the more unpreventable types of online threats.

In addition to software security safeguards, businesses can also be proactive by educating their employees about the wide range of virtual threats. For example, employee’s actions can help prevent these attacks, and along with being informed, and taking the necessary precautions, your company will have a much better chance of avoiding cyber-attacks.

Cyber insurance packages, while can’t necessary help restore a company’s reputation, can assist when it comes to various cyber security breaches that can result in the significant loss of income.

Whether this loss of income is due to a company’s shutdown, loss of clientele, or financial theft, cyber insurance can play an important role in a company’s ability to survive. In the event a company is sued and requires legal services and other financial advisor, this type of insurance is also design to help provide aid to these kinds of financial situations.

Especially if a business deals with high volumes of financial and sensitive information, cyber insurance is highly beneficial and a recommended part of a company’s cyber security preparedness plan.

The world of cyber security and cyber insurance is only growing each year. Therefore, it is well-worth looking into obtaining this type of insurance if you haven’t already, as soon as possible in order to protect your business.

As cyber threats evolve on a near daily basis, there are even new cyber risks that haven’t even been detected yet. With that being said, by having cyber insurance in place, you can plan for both the existing and the future cyber security threats by having the proper insurance in place.

You will of course require specific insurance coverage for the unique needs of your business. To help ensure you have the best coverage, you can reach out to an insurance agent who is well-versed in this area.

Connect with our experts at Leaders Insurance to find out more about the cyber insurance policies we offer and let us help you protect your business both today – as well as into the future.

It is possible for every person insured with a given carrier to have a rate increase. Insurance rates can rise due to increased claim activity. If an insurance carrier is losing money, rates can increase. Also, if there appears to be a higher level of risk, an insurer will increase the value of the insurance on the policy to protect them from further exposure. Insurance policy renewals are a standard part of insurance. All policies renew and insurance companies have the ability to recalculate your insurance rate. Use this time of year to mark your renewal dates in 2020 so you know when to review your policy and think about possible changes.

When looking for insurance coverage, you want to partner with an insurance agency that has access to a wide network of insurers. This is key to getting the best coverage and the most competitive rates.

At Leaders Insurance, we can often source competitive insurance coverage where other agencies can’t. Our team has a wealth of expertise and we service clients not only in the Tri- Cities but also across the Lower Mainland and BC as a whole. As you plan out your year, please feel free to reach out to us so we can provide you with a quote for all your insurance needs. Let’s make 2020 your best year ever!

An insurance renewal is the standard length of time an insurance policy is in effect without an insurance company adjusting your rate. Of course, there are exceptions to every rule, and it is possible – on rare occasion – for your rate to change shortly after purchasing a new policy if you do not meet underwriting guidelines.

The renewal date of your insurance policy is based on the date your policy took effect. So, it could actually take place on any day of the year depending on when you originally started the policy. The other factor in determining your renewal date is the length of your policy period. Policies usually renew annually or semi-annually. The start of the year is a perfect time to take stock of when these renewals are coming due so you can plan ahead.

Renewal information is usually mailed or emailed to you 45 to 30 days in advance of your renewal. You will receive a declaration page along with other information explaining your policy. A new proof of insurance is usually enclosed with the declaration page.

Look at your existing rate and see if you qualify for any further discounts. When you get your renewal reminder, this will help prompt you to do this review as sometimes insurance is easy to forget if you haven’t had the need to use it recently. It is a good time to contact your insurance agent to review your policy.

It is possible for every person insured with a given carrier to have a rate increase. Insurance rates can rise due to increased claim activity. If an insurance carrier is losing money, rates can increase. Also, if there appears to be a higher level of risk, an insurer will increase the value of the insurance on the policy to protect them from further exposure. Insurance policy renewals are a standard part of insurance. All policies renew and insurance companies have the ability to recalculate your insurance rate. Use this time of year to mark your renewal dates in 2020 so you know when to review your policy and think about possible changes.

When looking for insurance coverage, you want to partner with an insurance agency that has access to a wide network of insurers. This is key to getting the best coverage and the most competitive rates.

At Leaders Insurance, we can often source competitive insurance coverage where other agencies can’t. Our team has a wealth of expertise and we service clients not only in the Tri- Cities but also across the Lower Mainland and BC as a whole. As you plan out your year, please feel free to reach out to us so we can provide you with a quote for all your insurance needs. Let’s make 2020 your best year ever!

Turning to an insurance agent is a great place to start as they are the experts in their field. The reality is that it can be a bit overwhelming to make decisions that directly affect you financially, especially since insurance typically covers a lot of different facets. However, with the support of insurance agents, you can be more well-informed about your insurance options, and ultimately, more confident in your financial decisions.

Insurance agents can also help direct you to the most suitable insurance packages for your needs. Depending on your vehicle, your safety, and your financial parameters, an agent can help to ensure you have the proper coverage. As a result, this can provide you with the peace of mind you need to operate your vehicle, while knowing that you are being fully protected.

Another way that working with an insurance agent can be beneficial is to help you to be aware of all of your insurance options – including having them help you find the best insurance rates. Additionally, since insurance brokers do not work for the insurer, they will work on your behalf to help ensure you have the most suitable and affordable vehicle insurance coverage.

Now that you know more about the advantages of having an insurance agent at your side during this process, the next step is find out how to identify the best insurance broker for your needs. Here are some key pieces of information to help guide you during this decision-making process.

With car insurance being your current requirement, it is, of course important to look for an insurance agent that offers a variety of car insurance options. This is because you will want to ensure you have multiple options to choose from to help ensure you have access to a variety of rates as well as types of coverage.

Similarly, to the previous question, you will also want to find out if the brokers you are thinking of working with, have connections with multiple insurance companies. Again, this allows you to seek out a larger variety of insurance packages and rates, instead of being forced to go with higher rates and unsatisfactory coverage as your only option.

While in some cases it can be nice to build a relationship with one agent, it may also serve you better in the long run if they work as a part of a team. That way, if your agent is unavailable, they can leave you in good hands as you continue to access the insurance services as required.

While there are definitely some other questions you will want to ask, this is a good place to start. By taking the time to do your ‘homework’, you have the opportunity to gain a greater understanding of how insurance agents can help, as well as a more clear path forward in identifying which insurance agent will be the best fit.

Prior to making your final decision, you can also look into the reputations of the insurance agents. With this information on your side, you can feel more confident in choosing who you feel is the right insurance agent for your individual needs.

When all is said and done, it is important to trust the insurance agents you are working with. Contact Leaders Insurance to find out more about the role we can play in helping you to navigate your search for most comprehensive and affordable vehicle insurance package.

As a business owner, it is likely that you are often looking for ways to keep your business strong and lucrative. With that being said, even more so during this time, you will want to pay even greater attention to the various types of online scams which can target your day-to-day business operations.

Moving into 2021, the unfortunate reality is that these types of business scams are likely here to stay. Therefore, being up-to-date on the ways you can protect your business from various forms of fraud will be crucial.

So how can you make sure you are taking the necessary steps to ensure that your personal information and the information of your clients is being protected?

You can start by being aware of the specific situations that can negatively impact the success of your business. Then you will be able to more effectively identify if you have the proper safety measures in place to counteract these types of online threats.

Some potential online scams to consider include: credit card fraud, computer fraud, and also fraud related to the transactions of funds. When it comes to protecting these types of areas of your business interactions, looking to have securities in place, such as firewalls and secure online payment capabilities is key.

Another important piece of the puzzle to ensure that your business is adequately protected is to consider the purchase of Commercial Insurance. While commercial insurance covers a broad range of areas pertaining to specific business needs, fortunately, fraud coverage is also a common component included in this type of policy.

While it is certainly a critical step to certify that you already have upped your online security programs, by also having fraud insurance on top it this, you can have that added layer of protection for your business.

Whether you are a small business owner or run a larger organization, having the right insurance can mean a big difference in your ability to operate your business with an added level of confidence.

As mentioned, these types of scams and fraud cases are sadly not going away anytime soon and especially as the market for online businesses is also on the rise. Therefore, keeping apprised of the range of possible ways your business can be affected, while may seem daunting, is proving to be more necessary now than ever.  Having the insurance to support your efforts will in the long run mean that your business will have more opportunities to thrive, free of the constant worry from these types of online schemes.

Ultimately, by taking these added precautions, you can help to safeguard your business moving into a new year. That being said, Leaders Insurance is here to help alleviate these concerns as well. Contact us to learn more about Commercial Insurance and the added fraud protection – and peace of mind that our policies can provide.