If you think Cyber Liability insurance* is an extra expense your business doesn’t need, you might want to think again.

These days when it comes to cyber-crime, many types of business in the sights of would-be criminals. No matter what type of engineering business you run, if it’s online then there is a risk, and engineering businesses, you’re no exception!

In Part 4 of our Understanding Insurance series we explore how Cyber Liability insurance can protect your business from online threats and attacks.

With more and more businesses opting to operate their business activities online comes the risk of increased online cybercrime, and unfortunately accountants are no exception. Cyber criminals don’t discriminate when it comes to the type of business they are after and are increasingly becoming more advanced in their styles of attacks.

It’s hard to imagine being able to do business without the help of the digital world. Many SME’s rely on some part of their business being online, unfortunately creating the risk for cyber criminals to attack. That’s where Cyber Liability insurance can provide some much-needed peace of mind and protection.

Designing and working online go hand in hand, whether it’s drawing up a fancy new logo, sketching up plans for a fancy piece of furniture or managing your client requests through online systems. There’s no doubt that you rely on online programs and systems to assist you with getting through the day.

At long last, the wider public is starting to realise that hackers aren’t hooded movie villains – they’re real people doing real damage across the globe, especially in New Zealand and especially to small businesses.

Public Liability insurance covers legal fees and compensation costs if a customer, member of the public, or a supplier claims against you for injury or damage to their property as a result of your alleged negligent business activity. Having Public Liability insurance gives you peace of mind against potentially stressful, time-consuming and costly legal claims.

Your employees are essential to the running of your business, so it makes sense to have all the right measures and insurances in place to help keep them safe and protected. While there are many different types of insurances available to cover aspects of your business, Employers Liability insurance* is one which you may need to consider when you have a team of staff working for you.

As a plumber you are faced with different challenges every day, one minute you’re fixing a burst pipe, next you‘re unplugging a drain, no two days are ever the same! While you are busy looking after your client‘s plumbing problems, take the time to consider protecting your plumbing business with the right kinds of business insurance. When there’s an overflow of unplanned issues like a claim from a customer, Public Liability insurance* could help save the day!