Have You Ever Insured Your Online Business?

[Nomad]

Generally speaking, insurance policies mainly cover physical assets and property. Online business basically exist in virtual world, it is under the risk of cyber attacks, scams, etc. however, insurance companies are yet to build comprehensive coverage as the business itself is developing phase. If it has physical presence, like inventory, contact office, delivery points, it might be easily insured. Have you ever insured your online business?

 

[uptrendfinancialsignal]

I haven't done it personally but I see the sense now. This reminds me of account bans and data losses wiping months of hardwork. Online doesn’t mean risk-free.

 

[kit_hung]

Generally speaking, insurance policies mainly cover physical assets and property. Online business basically exist in virtual world, it is under the risk of cyber attacks, scams, etc. however, insurance companies are yet to build comprehensive coverage as the business itself is developing phase.

While many insurance companies still insure physical assets like buildings and vehicles, the digital world remains vulnerable. Cyberattacks and fraud are serious challenges that require immediate modern solutions. Insurance companies have lagged behind in providing comprehensive protection while online businesses are experiencing rapid growth. Indeed. Systems must change to protect these intangible assets.

 

[eLdavis]

I have never done any insurance before either for my online business or even for my physical business or anything else.