Posts

How Can You Protect Your Business From Any Kind Of Harm?

/in /by

StrategyDriven Risk Management Article |Protect your Business|How Can You Protect Your Business From Any Kind Of Harm?When you own a business, the most important thing is always going to be that you protect it from getting hurt in any way. There are a number of things that you can do in order to protect your business, but you have got to make sure that you are taking all of the possible precautions as joined together, that’s when they are at their strongest. If you don’t know how to protect your business, then it’s a good thing you have come across this article as this is exactly what we are going to be discussing. Keep reading down below if you would like to find out more about this topic.

Insurance

The first thing that you are going to need is insurance. When things go south, you always need to know that your business is backed up, and if it’s not, that’s when you’re going to be in a world of trouble. The thing with business insurance is that there are so many different types it can become quite hard to navigate which policies your business needs. As such, we highly recommend that you speak to a broker and see what they have to say. These professionals will ensure that your business has all the cover it needs, without going overboard and having cover that you will never use.

Don’t forget that your business is like your baby, and like your baby, you would rather pay for the best quality care. We feel like this is important to state because some businesses think that insurance is not important. We’re sure that’s not what you would be saying if you were facing days of downtime, losing plenty of potential profit.

NDA’s

Another thing that you should do is have all of your employee’s sign non-disclosure agreements. This way, they are not allowed to talk about anything pertaining to your company or the business that you conduct to anyone who doesn’t work at the business. This saves you from having any secrets of confidential information shared among your competitors. If one of your employees does slip and decide to spill the information, then you can take them to court and make sure that they answer for this.

Some people tend to think that if you ask your employees to sign one of these documents that it means you have something to hide, but it doesn’t. You simply want to protect your business from those who wish to exploit or hurt it which is exactly what you should be doing.

CCTV

It’s also important that you have CCTV if you have business premises. You don’t want people to just be able to walk in and do whatever they want, go wherever they want, and take whatever they want. This is a recipe for disaster, so we recommend that you look into the best CCTV systems on the market, and invest in one of them sooner rather than later. It’s not the waste of money that many people think it is, for the reason alone it is worth it.

The best thing about CCTV is that it acts as a deterrent for anyone who is looking to break into your business. Most people don’t want to risk getting caught as what they are looking for is not that important to them, at least not enough to risk going to jail for it. Hire an expert company to ensure that everything is fitted properly as this is the best way to be sure that you are getting full coverage.

Online Security

Next, you should think about taking the right steps with your online security. It’s fair to say that issues online have become more common for companies in recent years. One of the ways that you can handle this is by taking significant steps to boost your online business security model. This can be as simple as investing in the right cyber-security software. It’s worth noting that anti-virus software is often enough to put a roadblock in front of most hack attempts. If you are worried about issues here, then it could be worth thinking about investing in IT support as well. With an IT support solution, you will have experts on hand who are going to check for any issues that could be occurring behind the scenes.

Of course, if you are running a larger business, then the best way to handle issues with security is to make sure that you are investing in training. Often, an employee will be the reason your online security falls short because they are hit by a phishing scam. If you teach them the danger, they can recognize the signs that they are being targeted.

Get Your Affairs In Order

The final thing that you should do is get your affairs in order. If something goes wrong, then you want to know that the business is taken care of as much as possible, as well as your employees yourself where possible. For example, the same way that you would sort wills, trusts, and estates in your personal life, you should be doing something extremely similar with your business.

Speak to a lawyer and make sure that everything is in order, signed, and taken care of. You want to be sure that you are not leaving your business in the lurch if something goes wrong that can’t be sorted through insurance or any other means. At the very least, you need to be sure that the people who work for you are taken care of.

We hope that you have found this article helpful, and now see some of the things that you can do to protect your business from any kind of harm. It’s essential that you are always taking things with your business as seriously as possible, and taking precautions to ensure that it is safe is one of the most important. The last thing that you are going to want is someone exploiting your business, so make sure that you take these precautions to save yourself the future hassle!

The Best Safety Tips for Running an E-Commerce Business

/in /by

StrategyDriven Risk Management Article |E-Commerce|The Best Safety Tips for Running an E-Commerce BusinessAs a growing volume of retail transactions become ‘etail’ transactions, it’s becoming even more critical that your e-commerce business takes all necessary precautions to protect your business interests, your customers’ interests, and their data.

Here are some important safety tips you should bear in mind if you’re planning to launch an e-commerce business.

Online Security

Without a secure website, there is no e-commerce business that is safe. Not only does your website have to be user-friendly, attractive and built with shopping features for the user, it must be secure. If your website is ever hacked and your data is breached, this could mean a swift end for your business as consumers will no longer trust your brand when shopping online.

An e-commerce site should be hosted by a company who offer back-ups and are operational 24/7. Criminals don’t keep to office hours and neither should your web hosting service provider. A good web host will have maximum uptime and offer data protection and detection services that can quickly detect and fix malware or breaches.

Hypertext transfer protocol secure, or HTTPS, is the secure version of HTTP which is utilised for the secure movement of information on a network. Your e-commerce website should be hosted on HTTPS to avoid hackers gaining valuable information on your website.

Before you can move your website to HTTPS, you will need an SSL or Secure Sockets Layer certificate. SSL is security technology which encrypts links between a website and an internet browser. An SSL certificate can be purchased, installed, activated and updated on your website. SSL certificates do expire so ensure you renew the SSL before the expiration.

Avoid the Fraud

Unfortunately, credit card fraud on e-commerce sites is quite common. To avoid being the victim of credit card fraud, make use of AVS or Address Verification Services, which compares billing addresses supplied by the consumer to the address registered by the bank for that consumer. Add technology that can detect IP or Internet Protocol addresses which may seem bogus in relation to the shipping information as an added security process.

Privacy Concerns

Ensure you use secure payment gateway platforms on your site which releases security patches and provides shipping method extensions for better privacy. Doing this alone is not enough as consumers must be reminded to shop responsibly and safely. Reminders to consumers, preferably through an automated system, to use strong passwords and to change them monthly is a great way to help your consumers protect themselves too.

Never store sensitive financial information such as credit card details on your website. Hackers are particularly fond of gaining this data to commit online crimes with. To avoid this extremely serious data breach, employ the process of Tokenisation. Tokenisation identifies, removes and encrypts the sensitive information for you, such as credit card information, to prevent hackers from gaining access to this data.

Insurance for Your Delivery Service

A growing number of bricks-and-mortar businesses are launching ecommerce solutions, enabling customers to place an order through their website and then have the product couriered to their home or office. While this is a great way for offline businesses to compete in an increasingly online retail environment, it does mean you will need to take out courier insurance alongside your online safety precautions.

Courier insurance can be found through a comparison site like Quotezone.co.uk, and will protect your delivery vehicle as well as the goods that are being transported. There are greater risks attached to courier vehicles because of the potential value of the goods they are transporting, and therefore it is essential to be adequately covered when delivering or collecting goods.

Trademark

The final consideration to implement is the process of trademarking your company or brand name and logo. This will protect your website as well as your brand in the event of domain theft or duplication. Ensure your name and products are protected by trademarking them; often other companies will duplicate your entire site for profit and if you are not protected, you can lose your business. Ensure your copyright notice is clear and visible on your site and related documents.

Taking your business’s cybersecurity, insurance and brand name seriously will protect and safeguard your bottom line in the event of crime. Although the process of establishing an e-commerce website is relatively easy these days, the security and service you provide will set you apart from the competition and ensure your business thrives.