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
Search All Blogs
Read More Blogs
Relatively Rare Home Damage Incidents and Home Insurance
Would You Be Covered For These Unusual Claims?
What’s the Difference?
What IS the Difference?
Business Insurance and Your Non-Profit
Operating a Non-Profit Can Be Risky Business
Do You Still Need Life Insurance After Age 65?
How Life Insurance Can Help into Retirement
Six Easy Tips to Safer Driving
How to Be Safer and Save on Car Insurance Rates
Six Easy Tips to Safer Driving
How to Be Safer and Save on Car Insurance Rates
Vehicle Manufacturing Quirks of Which You May Not Be Aware
Some Automaker Secrets May Surprise You
Ouch! Common Burns in the Home
Why You Should Be Careful As Homeowners
Five Horses Famous for Very Different Reasons
The Most Noted Equines of History, Literature, Entertainment and Sports.
Want More Stress? Don’t Get Business Insurance.
10 Possible Calamities in the Next 10 Hours