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Business Insurance Planning: Mitigating Risk

Business Insurance Planning

Mitigating risk takes planning.

Your business insurance needs to cover all the elements of your business along with the things you didn’t plan on!

21st-century risks are less physical and more digital including cyber-security, 3rd-party platforms, telecommuting, and more! Planning for all the unforeseen risks can help keep all your other business plans on target.

December is a great time of year to identify any new technologies that you implemented this year and identify those you are planning to implement next year. Then review these technologies with your business insurance agent to confirm they have the appropriate coverage.

Here is a short list of things to consider:

  • Does the security software on all your computer update automatically?
  • Do you have an IT professional? If so, are they maintaining your server and workstations security?
  • Do you have remote employees logging into your system from their own computers? If so, do you have a policy regarding the management of their security software?
  • Do employees or clients log into your system, either local or cloud-based, from a mobile device?
  • Do you store your clients’ confidential information on your local system?
  • Do 3rd-party vendors have administrative rights to any parts of your system?
  • Do you have any IoT (Internet of Things) devices in your business?
  • Do have an automated alert for any suspicious activity on your system?

Industries such as financial management, software development, and e-commerce have additional security issues including fraudulent transactions, data leaks, archive storage, and dependable architecture (to avoid downtime), just to name a few.

Business insurance planning is different for every business

Avoid cookie-cutter business insurance policies as they may have unanticipated gaps. A detailed conversation with your business insurance agent will create the right policy for your business.


BONUS: As a licensed Hanover agency, we were happy to see Michael Keane President, Hanover Core Commercial, The Hanover Insurance Group, quoted in this piece on business planning from USA Today.


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  • Mary Graf has provided our small business with the knowledge, tools, and expertise to make informed decisions regarding our insurance investments. She is a warm and professional person who is highly motivated to do the absolute best for her clients and community.

    Brian Botticelli , Botticelli Prints Inc. Huntington, NY
  • Mary has been our insurance broker for many years. Her extensive knowledge of the companies and product offerings is critical to securing the best coverage for us. Her ability to ask the right questions, delve into the most relevant information and discern our requirements has forged a strong working relationship. Personally delightful and professionally efficient, Mary and her agency staff always provide top-shelf service!

    Fritzi Gros-Daillon , Anson Environmental Corp. Transitions USA Inc.
  • When I think of insurance, I think “Graf Agency.” I first joined our family business in 1984 and when I was introduced to Ken Graf, I soon realized why our family did business with his family.

    Over the years, Mary Graf has continued the family tradition of unmatched service, responsiveness and attention to detail. I know I can always depend on Mary to possess the knowledge, do the research and advise me on the best products for our business and my personal needs.

    The peace of mind that this provides is priceless.

    Joseph Fusaro , Green Energy Solutions AMJ Building Corp. Huntington, NY
  • As a Business Management Consultant with high-end clients who demand excellence, I only work with Mary from the Graf Agency for all my insurance needs.

    Mary’s response time, care and attention to my requests are always impeccable. Not only does she know her industry very well and provide the best packages, but she also takes the time to research the most cost-effective ways to make sure I am always offering my clients the very best!

    Evan Antonini, EHM Group, LLC Bookkeeping & Controllership Services New York, NY

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