Every business should have a business plan, even small businesses. No matter what the size of a business, writing a business plan helps you focus on every area, including basic risk management. NY small businesses may face particular dangers – identifying them early means being able to add measures to reduce risk and
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minimize losses.
Running a small business is an inherently risky enterprise. It may be your sole source of income, which means if you suffer a major loss, security for yourself and your family is threatened. This is why it is important for you to be well aware of any additional risks that your location and type of business may attract.
One of the major areas you can focus on is security. These days, this doesn’t just mean locks and alarms for your building. Cyber theft is increasing and small businesses are frequently at greater risk than large corporations, due to the fact that a small business may not have the level of internet security built into operating systems as a large company would have.
Increasing your business security should be high on your list when it comes to risk management in NY. Our insurance agents can assist you with products to help you recoup any losses incurred to your business as a result of theft and other insurable events, but it is still essential to put your own preventative strategies in place.
For more information on how risk management can benefit your small business, contact a risk advisor at 914-357-8444. We look forward to working with you/
