Protecting the Electronic and Digital Assets of Your Business

Protecting the Electronic and Digital Assets of Your Business

Your business likely has a variety of assets ranging from real estate to inventory. You business may own equipment, furniture and even vehicles. But have you considered your digital and electronic assets? These can include everything from smartphones to software and customer data. These assets have real value and are well worth protecting. Here are some basic steps your business should take in securing its digital and electronic assets.

Take Inventory

Asset protection begins with creating a complete inventory. When it comes to electronic assets be sure to include computers, laptops, smartphones and any other physical electronic devices like printers, copiers, video monitors and more. Digital assets your company may have could include a website, blogs, images, videos, apps and business processes your company may have developed, digital subscriptions and any intellectual property your business owns. Be sure to inventory assets on your own servers as well as those in “the cloud”. Include email lists and customer data.

Document Ownership

This includes a record of receipts and history of use. If your company owns intellectual property developed by employees, include this documentation as well. This is a good time to make sure all of the software your company is being used legally and you have documentation to prove ownership or user rights.

Consider Non-Disclosure Agreements

If your business has significant digital assets that include intellectual property or proprietary procedures and processes, consider having consultants and employees sign a non-disclosure agreement protecting your information.

Place a Value on These Assets

This can be challenging but important. Digital assets are worth far more than just the initial costs of the software. It may take years to build data bases and mailing and customer lists. These can have significant value.

Talk with Your Business Insurance Agent

Once you have compiled a list of your digital and electronic assets, it is time to make sure they are adequately insured under your business insurance plan. This should include a discussion about business interruption insurance should a loss of digital assets cause you to cease operations for a period of time.

Don’t forget that protecting digital assets also includes regularly backing up your valuable data. Backups should be kept in the cloud or in some other off-site location.

Are your electronic and digital assets properly protected? Contact our independent insurance agents today for a no-obligation review and price quote.


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

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

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

Search
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

Garage Sale Bingo

Items You Can Expect to Find When Heading Out to Yard and Garage Sales

Give It Away

Does “Giving It Away” Make Sense for Your Business?

Life’s Challenges and Rewards

The Hills and Valleys Are Just a Part of It

Frequent After-Market Add-ons for Cars and Trucks

We not only love our vehicles, but we love making them our own. Is your car or truck properly insured for these add-ons?

Getting Serious About Energy Savings

Are You Ready for the Next Step in Going Green?

Getting Your Mind Out Of the Gutter: Fun Bowling Facts

Staying in Your Lane Used to Mean Something Different

What Are the 7 Habits of Highly Effective People?

Do You Practice These Habits?

How Many People…

Odd and Interesting Facts About All of Us

Distinctive Automobile Headlights of the Past

Headlights Do More Than Just Help Us See at Night

Why You May Need Renters Insurance

Don’t Be a Renters’ Insurance Denier. Here’s Why You May Need Its Protection.