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Being prepared is different than being 'used to' natural disasters

Different areas of the United States must account for different types of storms and natural disasters. While Florida braces for hurricanes, the Midwest has to buckle down for tornado season. However, for small- to medium-sized business owners, simply having an idea of what might come their way is not the same as actually preparing for it.California residents were reminded of what can happen in their area on Monday morning of this week, when a ...
March 13, 2013By InterWest Insurance Business and IT Insurance Tag 0 Comment Read More »

Protect yourselves and your customers with technology insurance

Even with the best intentions, mistakes can happen, and it is important for businesses of all sizes to be prepared. Not only can a comprehensive business policy protect company owners, it can also protect their customers. With so many organizations becoming reliant on mobile devices and cloud technology, cyber criminals are also becoming more common. One small instance of lost consumer data could cause a business thousands of dollars in a cleanup process.In a ...
March 11, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

As business needs change, keep insurance up-to-date

It is unrealistic to assume that once an insurance policy is chosen for a business, that it will never need to be adjusted. Companies must evolve along with changing technologies in order to stay current and able to meet customers' needs.For example, privacy policies often need to be adjusted within a business, especially with how the organization is allowed to handle - and possibly share - customer data. James Snell, co-chair of the privacy ...
March 8, 2013By InterWest Insurance Business and IT Insurance Tag 0 Comment Read More »

Invest in tool insurance now to avoid problems later

Apprenticeships are not thought of as being common in today's business world. However, for certain trades, they are still very useful. Carpenters and builders, individuals who are constantly working with their hands and often have expensive - and sometimes niche - tools will still take the time to train new workers.One question that could arise though, is whether or not tool insurance is still a necessity. The answer is yes. Whether an individual is an ...
March 7, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Homeowner's insurance is not enough for a craft business

For business owners who operate out of their home, it is a common mistake to assume that homeowner's insurance will protect all assets associated with the company. Just because craftspeople use their house as a base for an organization, does not mean that there is one blanket policy that will cover both residential and commercial property.Let's say that you believe you have thought of everything. You have developed your manufacturing skills and fine-tuned your mind for ...
March 6, 2013By InterWest Insurance Business and IT Insurance Tag 0 Comments Read More »

Gymnastics center finds strength after tornado devastates town

Paul Comstedt, Kip Johnson and Derek Hammeke are co-owners of Amplify Gymnastics, a youth-centered facility in Joplin, Mississippi. Comstedt explained to FOX Business that while he had never anticipated that gymnastics would be his career, he eventually realized that the power of the mentor relationships that develop between children and coaches was something he wanted to help flourish.Another unexpected event though was the tornado that ripped through Joplin in 2011. According to Comstedt, one month ...
March 5, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Business owners should never have to sacrifice their home to save the company

Small business owners should never have to make the choice between keeping their home or ensuring that their company can stay open. It is crucial for organization heads to fine-tune a commercial insurance policy that is as unique as its daily operations and products or services offered.Sticking to the basics is not always enough, especially when it comes to finding commercial property insurance that can account for every nook and cranny of a business ...
March 4, 2013By InterWest Insurance Business and IT Insurance Tag 0 Comment Read More »

Even small companies must prepare against cyber threats

The last decade has seen technology make leaps and bounds, and businesses of all sizes have been working hard to keep pace with all of the changes. However, it is also crucial for organizations to keep all stored data protected, otherwise the recovery process could be difficult and expensive.Symantec, the maker of the Norton Anti-Virus, released a report that said 36 percent of the global targeted attacks in the first half of 2012 were ...
March 1, 2013By InterWest Insurance Business and IT Insurance Tag 0 Comment Read More »

Small businesses have more difficulty recovering after natural disasters

This blog has previously underlined the importance of business owners taking the time to conduct thorough risk assessments and find comprehensive insurance policies. Smaller companies must take extreme care in this process, as unexpected events can prove to be very costly.A recent survey from Alibaba, Vendio and Auctiva showed that 74 percent of small business owners have not created a disaster recovery plan, even after Hurricane Sandy and Winter Storm Nemo. Furthermore, the Red ...
February 28, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »

Why does my business' location matter for insurance?

Location might be crucial for real estate, but it is just as important for business owners across numerous industries. Insurance policies can be catered to account for intricacies of a company that are not always immediately considered.California-based companies know that they will not be affected the same ways as New York businesses when it comes to hurricanes. However, location-specific issues are crucial to any organization. According to a new report by Lloyd's of London, ...
February 27, 2013By InterWest Insurance General Insurance News Tag 0 Comment Read More »