How to Prepare Your Business for Holiday Risks

A Business Insurance Update

The next few months are important for every business. The holidays are not just for retailers, as many businesses rely on a healthy last quarter to help them finish the year in the black.  Your business insurance plays an important role in this, as it protects you from un-planned losses.

Here are a few tips to help your business plan for the holiday, and year’s end.

During the holiday shopping season, many businesses hire seasonal workers to help with the increased demand. Make sure all part-time and seasonal employees are properly trained, and understand the requirements of the job.

Employee theft is a big problem during the holidays as well. However, more than just stock or equipment theft, employees have access to other major assets, like cash, too.  Make sure you have proper accounting processes in place.

If your business has increased revenue during the last quarter, verify that your business income insurance will address the seasonal increase.

When it comes to decorations around the office, you will want to ensure that none of them creates opportunities for accidents. This means being aware of extra lighting and candles that might be part of the holiday office décor, and making sure no decorations act as a trip and fall hazard.

Don’t Let The Grinch Steal Your Holiday Cheer

christmas-1078678_640Personal Insurance and Safety Update

Many of us will be out looking for deals this holiday season. And criminals will be looking out for deals too. Criminals feed on the chaos of this season. Shoppers are distracted and the police are overworked, making it a great time for criminals to get bargains, at our expense.

Now would be a good time to make sure your personal insurance is up to date. A quick call to our office can insure you are properly protected. For example, if you purchased expensive jewelry, you may need to ad that separately to your homeowner insurance policy.

Shopping Safety Tips

Always be aware of your surroundings.

Don’t leave car phones, purses, CD cases, or any other item of value in your parked car where they can be seen.

Use a credit card rather than a debit card whenever possible.

Always place purchases in your trunk.

Never leave car doors unlocked or windows open.

Always park in lighted areas.

Shop with a friend.

Keep receipts in your wallet or purse.

Avoid carrying large amounts of cash.

As you return to your car, make sure to keep your car key in your hand.

If you make expensive purchases like jewelry or guns, call our office as we may need to add these to your policy

Are You Shopping Online This Holiday?

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The holiday shopping season is upon us, and many of us are searching our favorite web pages for the best deals on the items that top this year’s wish list.  Last year, cyber Monday was the year’s single biggest day for shopping, generating over 2 billion dollars in sales.  This year, consumer experts predict an even bigger day.  However, this online activity is also a big day for cyber criminals.

We recommend that you have us review your personal insurance to make sure you have the right kind of insurance, including identity theft protection, to protect you and your family throughout the holiday season.

Holiday Cyber Safety Tips

Use a credit card rather than a debit card.  It is easier to resolve issues.

Make sure your computer has updated security software.  Verify that your antivirus software is up-to-date with the latest virus definitions, and that useful features like real-time scanning are enabled.

Update your passwords and make sure they are strong.  Do not use 1234 as your password.

Don’t open email advertisement for sources you do not know.

Use only familiar websites.

Check you statements to make sure charges are correct.

Always log out of websites after your shopping is complete.  Cookies can often keep you logged into accounts even after you close the browsing tab, an obvious no-no.  Get in the habit of clicking the “log out” button.

Try not to do your online banking on the same computer you use to shop online.

An extremely important online shopping safety tip is to keep your personal information protected.  No store needs your social security number or your birthday.

The National Retail Federation predicts that 25 percent of adults will do online browsing with their smartphones to find gifts.  If you use your smart phone to shop, make sure that you are only browsing safe, well-known sites.

 

Sources – Protection one, CNET, Identity Hawk.com, and Tripwire.