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Tips to protect your business | Key Person Insurance

 
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The safety of your company is important

If you’re a business owner, the safety of your company and staff will be of the utmost importance to you. Whilst safety can comprise of several different elements, they all go hand-in-hand. From important policies like Key Person Insurance to security both on and offline, we’re discussing business safety tips here.

1. Have the right insurance and assurance products

Employer’s Liability Insurance, Building Combined Insurance and Key Person Insurance are just some of the policies that a business might need in place. If you’ve read any of the above and aren’t quite sure which ones you do and don’t have, you need to chat to a reliable broker who can offer you guidance. That way, you’ll get the peace of mind that comes from knowing that you’re properly covered in a host of situations.
Invest in a good alarm system and security on site

Your building and your company assets like computers and even staff are important to keep your business going strong. Don’t allow them to be compromised by slacking on security measures. This means you need good access control in the form of finger print scanners, security guards and even CCTV cameras. This will help minimise your risk of safety breaches. Should any occur, you’ll have the evidence you need for prosecution.

2. Be protected online

Safety in the digital realm is just as important as physical safety. These days, cyber security is permanently in the news, with hackers finding new ways to compromise IT and steal data. Don’t allow your business to become a victim of cybercrime. Get a reliable IT provider in and take action. By ensuring that your network is secure and that regular backups of your files are done, you can prevent data setbacks and hacks that could cripple your business. From hijacked websites to drained business bank accounts, what hackers can get away with is mind-blowing. By informing your staff of the risks posed by poor cyber security, they can help protect your business and themselves from attacks. Simply improving the strength of your passwords is the first step but it’s not enough to keep you safe.

3. Partner with the right provider

Every business needs an insurance partner with expertise they can rely on. It’s why Compendium offers a variety of different products geared towards businesses of all sizes. Our brokers go the extra mile to understand your unique needs in order to deliver service that makes a real difference. For more on which products could offer you peace of mind, please visit our website. https://www.cig.co.za/key-person-insurance.aspx




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