Protecting Your Small Florida Business from Data Loss

Author: The Massey Clark Fisher Team | Monday, May 21, 2012

Tags: community • home insurance • homeowners insurance • insurance • local • safety tips • seasonal • tips

Data safety can be a constant concern for some small business owners in Florida. It may be a good idea to include data loss insurance in the Florida commercial insurance you purchase to protect your business investment from losses.

Loss of data can have a negative impact on a business in a number of ways.

  • Revenue can be lost because of website downtime.
  • Customers, clients or employees might sue the business because their personal data has been compromised.
  • Vital business information such as marketing programs and strategic plans could fall into the hands of business competitors.
  • The reputation of a business can suffer because of data breaches or as a result of business interruptions while data is restored.

There can be many reasons for data loss, such as when:

  • Power surges cause computer malfunctions.
  • Illegal hacking destroys or alters data.
  • Computers and storage devices are lost or stolen.
  • Virus infections corrupt or delete data.

Including data loss insurance in Florida commercial insurance coverage for your business may provide protection if you suffer financially as a result of data loss. However, insurance is only a second line of defense against data loss and it’s important to take the advice of an IT specialist on steps you can take to protect your computer hardware and data from attack or theft.