Remote Workers Can be Big Cyber Risk for Small Business

security risk of remote workers

Many small businesses are allowing some of their employees to work remotely or from home. There are many Pros and Cons to this practice. Some Pros include increased opportunity for employers to attract talent and reduced work-related expenses for employees. Some Cons are the suspicion of lack of productivity and risk of distraction. A new Con to remote workers is that they present an increased risk of cyber attacks to the company.


Remote workers may not only be at home, but also in public access points like coffee shops or airports. When they log into the wifi at these locations they may not realize they are on public platforms where their computer can be accessed by anyone in the room.


While allowing some employees to work remotely can have benefits to the company as a whole, the fact remains that most small business owners have not implemented the necessary “remote work policies” or training processes to protect their companies. The Small Business Administration has gathered a list of best practices for remote work.

Consider adopting policies like using strong passwords that are changed on a regular basis. Another critical practice is to make backup copies of important company data and information. This backup should live offline and offsite. Implementing this practice can protect the company from a ransomware attack. And consistently educate your staff on cyberthreats and security. Make sure they know they are accountable for keeping their computers and data safe no matter where they are. Working remotely does not have to put a company at risk if you take the necessary measures to mitigate a cyber risk.

Life Can Happen.

Life Insurance

As Life Insurance Awareness Month (LIAM) wraps up, it provides one last opportunity to stress the importance of Life insurance, and maybe more specifically, planning.  

When it comes down to it, life insurance is simply both short and long-term planning.  Determining the right policy for your individual situation can help you plan, not only for the unexpected and unforeseen of today, but the long-term goals of tomorrow.

Have a family?  You need life insurance.  

Have a mortgage?  You need life insurance.

Have retirement goals?  You need life insurance.  

Have estate-tax concerns?  You need life insurance.

Have aging parents?  You need life insurance.

Have a business?  You need life insurance.

There is a great non-profit organization called Life Happens (lifehappens.org) which operates as an educational and informational resource for those considering life insurance.  Whether you are a single individual, in a marriage, have kids, retired, or own a business, this site, like the life agents on our team, can help explain the benefit of life insurance for each situation.

Remember, only 62% of individuals have life insurance but 100% need it.

Interested in learning more?  Get a quick and easy life quote now.

Risk Management & Insurance for Churches

insurance for churches

“Recently, Mike Herzak, President, and his son, Dan Herzak, VP, were invited to speak at the 2019 Serbian Orthodox Sabor in Chicago, IL.  The talk centered around best practices for risk management and insurance for churches. 

Unlike insurance, risk management is the process of identifying risks, assessing the potential impact of the risk, and determining how best to control the risk. The discussion focused on topics such as property & casualty risks typically found within Orthodox churches, what churches can do on a local level to improve their own risk management, how to reduce the risk of sexual abuse, as well as recommended insurance coverage each parish should carry.

The presentation was welcomed by the clergy and laity with numerous questions and lively discussion.”

Don’t Be Fooled by Insurance Ads

insurance

Recently, there has been a proliferation of advertising by insurance carriers that are interesting and even fun to watch. You have all seen Allstate’s “mayhem” ad, Farmers’ “we know a thing or two because we’ve seen a thing or two,” Progressive’s “Flo” and Liberty Mutual’s “customizable” ad with “only pay for what you need.”

Interestingly, all of these ads describe claims and coverage situations that ALL carriers would readily cover. Yet, because these large carriers spend billions of dollars on ads espousing these things they leave the impression that only they provide coverage in these instances. In fact, frequently you can do better or equally as well with smaller companies who cannot afford to spend billions of dollars on ads. To be sure the consumer is paying for these ads through their premiums. Certainly not all carriers are the same, some are clearly better than others. However, there are standards that most carriers follow.

All of the carriers that we represent are rated by A. M. Best Co. “A-“ (Excellent) or better. They will all cover the types of claims you see in these mega carrier TV ads. With our many regional and national carriers we have terrific relationships and can use that relationship to advocate for you. So while these TV ads may be fun to watch don’t be fooled into thinking that those carriers are something special. Frequently we can offer you better coverage and pricing than these carriers and you get us to advocate for you at renewal time and claims time.

 

Golfing for a Great Cause

ISG St. Herman Pic

Insurance Systems Group was proud to be one of the sponsors and participants in the St. Herman House - FOCUS Cleveland recent Golf Classic.

St. Herman's House of Hospitality, founded in 1977 to serve the poor and homeless population in Ohio City, is one of the only shelters in Ohio to provide three hot meals a day, seven days a week, 365 days a year. Last year alone they served nearly 82,000 meals.

To find out more about St. Herman's House or how you can get involved, please visit their website below.

The More Things Change

“The only constant is change.”  

How your organization operates can change over time whether through workforce changes, cultural changes, product changes, or even leadership changes.

Any one of these can create the need to review and revise insurance coverage.

Your insurance agent may not be aware of organizational changes unless there is a process in place to ensure the conversation happens on a regular basis. Some process ideas are:

•Schedule annual meetings with your insurance agent

•Create an operating checklist that includes the
question – does this impact our coverage.   This checklist would
apply to any staff change, equipment purchase, building lease, and more.)

•Implement internal reviews to evaluate change

The goal of these process ideas is to
create a way to keep track of changes within the company to be sure nothing
falls through the cracks.

Maintaining proper protection is essential for sustained growth so utilize your advisors and stay on top of changes that impact your operations.

We welcome the opportunity to help you review your coverage to ensure you stay protected.