Why You Need a Business Recovery Plan for Your Independent Insurance Agency

Why You Need a Business Recovery Plan for Your Independent Insurance Agency

Your agency needs a disaster plan.

As an independent insurance agency, you probably advise your clients on risk management and disaster recovery on a regular basis.  But do you take your own advice?  While you probably have the right business insurance in East Elmhurst, New York, this probably isn’t enough.  To ensure that your agency can survive a major disaster, you need to create a business recovery plan.  Here’s why your agency needs a recovery plan.

  • Disaster Strikes Businesses of All Sizes

While you may associate business recovery plans with larger agencies, it’s important to remember that disasters can and will strike agencies of all sizes.  Whether it be a natural disaster, a cyberattack, or a major liability claim, the threats that your agency faces are endless.  To ensure that your clients and reputation are not negatively affected by disasters, you need to have a business recovery plan to put into place.

  • Your Client’s Security Could Be at Risk

If your agency is struck by disaster, you will obviously face damages and other losses.  However, it’s important to remember that the damage can extend to your clients as well.  For instance, if a hacker breaks into your agency’s server, then your clients’ personal information could be at risk.  To ensure that your clients do not suffer, you need to employ your business recovery plan.  Because your plan should prevent damage from getting worse and take steps to reverse the damage, it can protect your clients from harm.

These are some of the reasons why your independent insurance agency needs a business recovery plan.  Do you need business insurance in East Elmhurst, New York, for your insurance agency?  If so, then contact the experts at 01 Insurance.  We are ready to assist you with all your commercial coverage needs today.