Business insurance 101

Keeping your business moving forward requires a lot of your attention. Every one of our clients wants their business to grow and to have their assets and resources protected. It is important to invest in tools and resources that will allow your business to thrive in 2014. Having the right kind of business insurance is important in making sure your assets are protected. In order to keep up with current thinking, here are a few Insurance trends to watch in 2014.

1. More and more firms are buying cyber liability insurance. Cloud computing is becoming more popular. By utilizing cloud-based computing, your data or programs are hosted off-site allowing you to access your data from almost anywhere with the added benefit of a secured server. This increases your cyber liability risk.
2. The use of social media for business has increased over 50% in the past three years according to the leading experts. Social media can be a great method of connecting with your clients and prospects. Content has always pushed boundaries when it comes to growing your business, but pictures have also proven to be effective.
3. The use of E-mail to convey a professional image is another growing trend. Sometimes small touches can make a big difference in how your business is perceived. As you send business e-mail to customers, suppliers and others, consider regular touches that help market your business.
4. Tracking devices deliver real time information on the location, activity and mobile inventory of your vehicles, which improves business performance and customer service. These devices also provide valuable protection in the event of vehicle theft and recovery. Many insurance companies offer special discounts if you use one of their approved vendors.

When it comes to commercial or business insurance trends make sure you keep us in mind. Our goal is to partner with you to develop the best possible combination of coverage, price and service. Here at The Armstrong Company Insurance Consultants, we pride ourselves on expanding knowledge, customer relations and attention to every detail. Throughout our tenure we have gained expertise in the Timeshare, Hospitality and Medical Professions markets; as well as a plethora of Small Business Industries.