The Dangers Within: Inside Threats to Your Business

The Dangers Within: Inside Threats to Your Business

Most small business owners spend a great deal of time and effort thinking about and protecting themselves from outside threats. They are on the lookout for new competitors, being mindful of the dangers of slip and fall incidents and other legal, financial, and competitive threats to their company.

In this atmosphere, it is easy to lose track of internal threats to your business. Here are a few.

Employee Injuries

Worker injuries can damage your reputation and be costly. Workers’ Compensation provides protection from some financial losses, but business owners need to be conscious of providing a safe, secure workplace.

Employee Theft/Embezzlement

In spite of improving background checks and applicant screenings. Employee theft is still a problem for many organizations. Thefts can be in inventory or valuable cash assets. Security and camera systems can be a deterrent but meticulous bookkeeping and inventory control is critical.

Employee Misconduct

Your employees represent you and your business when working for you. You can be held liable for their misconduct or incompetence while on the clock.

Cyber-Security Threats

Some threats from within your company may be due to lack of awareness or training. Such is often the case with many cyber-security issues. Employees may inadvertently download malware or open emails with malicious content. Passwords may not be secure or left on Post-It notes on computer screens. Client or customer info may not be treated as securely as it should.

It is not necessary to become paranoid about these internal threats, but you should take prudent steps to protect yourself. This can range from improved training and security to a thorough business insurance review. Some businesses may not be aware that business insurance can help protect from some cyber crimes and employee theft. Contact one of our business insurance professionals to discuss your business and where you may be at risk. Allow them to design a plan to address the needs of your specific business and get price quotes that deliver value.

Protect your business from internal and external threats. Contact us for your free business insurance review and quote today.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Search All Blogs

Generic filters

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Generic filters

Read More Blogs

The October Home Check-Up: Securing Your Home for the Fall Season

A guide to fall home maintenance and home insurance review for the month of October.

The Wanderer’s Playbook: The Art of Traveling on a Budget

A practical guide to finding and saving money on travel adventures.

The Entrepreneur’s Toolkit: From Startup to Success, Insuring Every Step of the Journey

A phase-by-phase guide for entrepreneurs on the essential business insurance policies they need.

Beyond a Payout: How Life Insurance is a Living Financial Tool

A guide to how life insurance can be a living financial tool, with a focus on its cash value component.

The Driver’s Playbook: How to Maximize Your Auto Insurance Benefits

A playbook for drivers, revealing key policy benefits and strategies to get the most from your auto insurance.

Beyond the Big House: Uncovering the Hidden Value in Home Insurance

A deep dive into the valuable but often overlooked components of a home insurance policy.

The Thrill of the Grill: A Masterclass in BBQ Perfection

An ultimate guide to mastering grilling and barbecue, with tips, techniques, and delicious recipes.

The Entrepreneur’s Armor: A Guide to Protecting Your Business

A crucial guide to business insurance, covering essential policies and strategies for entrepreneurs.

The Gift of Security: A Simple Guide to Life Insurance

An easy-to-understand guide to life insurance, explaining policy types and a simple way to calculate your needs.

Hitting the Road Safely: Understanding Your Auto Insurance Policy

A simple guide to auto insurance, explaining coverage, premiums, and tips for finding the best policy.