How to Keep Your Small Business Protected

Heritage Insurance Services

The success of your business doesn’t just rely on the seamless process of your day-to-day operations or the quality of work your team is producing for clients and customers. As a business owner, it is also important to prioritise protecting your organisation from risks to ensure that it keeps running smoothly. Furthermore, small businesses are not exempt from the law and are being regulated like the big organisations, so being prepared to handle legal issues will save your business from incurring disruptions.

Be familiar with the legal aspects of your business

Aside from financial laws that involve businesses, customers and investors, you also have to be familiar with hiring practices and know the employment and labour laws to protect your rights and the rights of your employees. Additionally, knowing the intellectual property laws will help you know how to safeguard your works and understanding advertising laws will help you prevent trouble, especially when making marketing statements for your business.

Secure your business data

Aside from written documents, most of the company’s recorded data are now systematised on computers, that is why it is important to have it backed up to prevent any data loss when a technical malfunction happens. Businesses should have an updated antivirus and security system installed and have monthly back-ups. It is advisable to have your backed up data stored off-site where additional security is in place to be protected from fire hazards or theft.

Ensure your business

Even if you are just starting out and your business is fairly small, securing it through insurances can give you, your investors and your employee’s protection in the event of a turmoil. The following security measures help to safeguard your business:

  • Key Person or Keyman Insurance protects a business against potential financial loss that can be caused by an illness or loss of one of your key people.
  • Shareholder Protection is an insurance policy taken out by a company or business shareholder in their life protecting both the company and the shareholders’ loved ones.
  • Relevant Life Policy is a life insurance policy taken out by a company for an employee, which will pay out directly to the employees beneficiary should they die whilst in employment.
If you’re looking to ensure financial security and growth, especially when facing unforeseen turmoil, Heritage Insurance Services can provide you with ongoing support and advice taking into account the specific needs of your business. If you have any enquiries about the insurances we offer, please don’t hesitate to contact us on  02392 000 959 or email us at and a member of our experts will be in contact promptly.