Businesses are gradually shifting toward the internet as consumer behavior changes. The ubiquity of the web presents a golden opportunity to expand market share from brick-and-mortar operations to the internet.
Does becoming a hybrid online/offline business change commercial insurance? Rock Insurance Services, serving the Tri-State area, is here to help your business in or near Medford, NJ navigate the insurance maze.
Insurance for Online/Offline Businesses
Partially pivot to the web and your thoughts will inevitably drift toward insurance. Though doing business in a traditional brick-and-mortar storefront seems riskier than conducting business on the web, there are some online perils to be aware of.
In particular, businesses that partially shift to the web need cyber liability insurance. Such coverage protects businesses in the event of data exposure. After all, more and more data is being stored online through cloud technology.
If there is a data breach, hack, phishing scam or other online attack, you’ll need the appropriate cyber coverage. This coverage is in addition to conventional insurance for local businesses.
Maximize Your Insurance Coverage
A partial pivot to the web doesn’t mean you can drop your traditional insurance. Hybrid online/offline businesses need both conventional insurance and cyber insurance.
Conventional insurance applies to workers’ compensation and liability in the event of an onsite injury. Modern commercial insurance options available through Rock Insurance Services now extend to the realm of the internet.
Do your due diligence and you’ll find policies that cover general liability, product liability, data breaches, cybersecurity losses and plenty more for your business in or near Medford, NJ. This is the comprehensive protection your company needs to conduct business online and offline in confidence.
Get a Quote From Rock Insurance Services
Your Tri-State area insurance quote is just a call away. Tell us what type of insurance you are looking for and we’ll tailor a quote that’s personalized for your coverage needs.