Ways to protect your small business – Small Business Corner

As we know all too well, bad things can happen to good businesses. Protecting your small business should always be the greatest priority. In today’s day and times, the best offense is a good defense for your small business. To protect your small business, it is essential that you take some important defensive measures before someone or something harms your business.

Cybersecurity

Be sure to study the potential threats to your small business and then plan your official online safety policy to counter those threats. To protect your small business, you might want to look into installing business-class firewalls and buy a proper anti-malware application that works with your systems. If your systems are outdated, they are very likely to have security holes. Hackers will often take advantage of these, so make sure everything is up to date.

Insurance

The majority of small businesses should have some kind of insurance in place. General liability insurance is the most common and can protect against claims of physical injury or liability. However, many businesses will need more than this. Only you and your insurance agency will be able to determine what your specific needs are.

Client contracts

Any agreement with potential clients/customers to enter into a working relationship together for services or products should be done in writing and via a client contract. The contract expectations should be very clear about what is/isn’t included, payment terms and conditions, your disclaimer and what your company’s policies are. That way, if any issues arise, you can always refer back to your original contract for clarification if need be.

Small business owner’s have the option and the opportunity to be proactive and protect themselves and their businesses as best they can. We hope to empower entrepreneurs with these tips as you work to protect your small business!

We hope you find these tips helpful!

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