Do you know that 90% of organizations reported phishing attacks last year? So with continuous integration of technology and business, it is vital to consider IT security in the budget of your startup.
Do you believe that a breach won’t happen to your organization just because it’s a budding company? Well, think about it again.
In the US, about 65% of organizations faced a successful phishing attack. These stats are 10% higher than the global average. Today, almost all businesses are well integrated with technology in several ways, making them vulnerable to all types of cyberattacks. Small businesses and startups which have zero or no cybersecurity plan are easy prey to hackers.
More and more new businesses are turning to cybersecurity insurance for startups to beat this rising concern. They are seeking reliable solutions to deal with the mounting threat of cyberattacks. Traditional commercial policies may not always include or clearly define coverage against cyberattacks.
How is insurance for startups a smart solution?
Free credit monitoring
Cyber insurances monitor the credit of your customers. If your customers get affected by a data breach, the insurer takes care that their information isn’t used illegally.
It is crucial to deal with this, with assistance from an insurance company, as doing it on your own can be a big-time headache. Research shows that 58 percent of consumers after a data breach want companies to step up and provide credit monitoring, identity theft protection, and other cyber-security solutions. It proves to be a big step toward winning back customer trust and retaining them. When moving ahead, make sure with the insurance provider if they include this service.
Cover legal cost
After a data breach, customers could sue your business, and as a result, the legal cost piles up uncontrollably.
Generally, cyber liability insurance for startups reimburses your significant legal expenses like lawyer fees and settlement costs. These expenses exceed the budget of most startups, and having insurance can help you avoid a huge financial blow.
PR expert to repair your business prestige
After a data breach, the highest and intangible cost a company has to bear is damage to its brand position. Typically, insurers hire skilled PR experts to rebuild and preserve your reputation. Irrespective of the size of your business, these can help you rebuild your market reputation and credibility.
Timely recovery of lost income
An unexpected pause to your business due to a data breach can greatly impact your business operations. It can make your company lose the revenue that it would’ve earned in due course.
Many startup businesses don’t have huge cash reserves – they rely on consistent cash flow. Therefore a pause of income for a few months can be disastrous to many small businesses. However, having good cyber insurance for a startup is a recovery measure that could create a huge difference and keep you up and running despite the unfavorable turn of events.
Thorough investigation
Insurers arrange a consultation with IT professionals to identify the root cause of the issue. The IT forensics team also assesses what measures need to be taken to prevent all sorts of future data breaches.
If you still doubt if your startup needs cybersecurity insurance, make yourself aware that a business takes somewhere around 206 days to know if they’ve been breached in the first place. Consider the damage hackers can do within 206 days, and you’ll realize what needs to be done.
Contact James Page Insurance today in case of any additional questions about business insurance for startups.
Know the Benefits of Getting Life Insurance in Your 20s
Life InsuranceGetting life insurance in your 20s offers you many more options than if you wait until you are older. The younger you are when you sign up for your policy, the lower your premiums will be. You are in better health and have your entire life ahead of you. Even if you do not yet have a family, the benefits of life insurance in your 20s are manifold, ensuring that your future is secure. Putting a plan into action for your future is the best way to guarantee your success. Starting in your 20s gives you the much-needed head start.
Taking Care of Your Family
In your 20s, starting a family may fall second to establishing your career. Even so, the time will come when taking care of your family is your primary concern. Looking for life insurance in your 20s involves speculating about what your future holds and then taking the necessary steps to prepare for it. This includes taking care of your future family and whatever business ventures you may embark on. No matter what age you choose to start a family, their needs should always be your priority. Life Insurance can make sure that your family is financially secure even after your death.
Set Priorities Early
Set your priorities early. Many people start planning for their future in their teens as it is when they begin to think about college and the type of career they want to pursue. The sooner you put your plans in motion, the better off you will be in terms of your future financial stability. Getting life insurance in your 20s allows you the opportunity to provide for both your family and your business if some unforeseen event occurs and causes you to lose your income.
With the right type of life insurance in place, your family will be able to move forward and care for themselves even in your absence. Also, many insurance policies offer cash value as a part of the living benefits package of insurance, while another part of the premiums accumulate interest. This money may be used later to pay for expenses such as children’s education, home purchases, etc.
Understand Your Financial Needs
Your obligations to your family and your business are only two factors that affect your financial future. You must also consider any debts that you may have incurred. The mortgage on your home, auto loans, credit card debts, and student loans are just a few of the financial obligations that will have to be taken care of if something happens to you.
Knowing your financial needs will help you choose the right life insurance coverage so that your family will have what they need after all of your expenses are taken care of. Also, some policies provide coverage for certain medical expenses, such as cancer or paralysis. Depending on your financial needs, you may also want to buy a VUL. A variable universal life (VUL) is a permanent life insurance policy with a built-in savings component that invests the cash value. Though the cash value may be invested to get greater returns, these investments are subject to market fluctuations.
If you are in your 20s and just graduating college or are just starting your family and are looking for life insurance near you, contact the experts at James Page Insurance today. We can help you find the right insurance policy that meets your coverage needs and budget.
Discover the Benefits of Liability Insurance for LLCs
Liability InsuranceRisks are part of doing business. LLCs, sole proprietorships, and large corporations all face some degree of risk at many different levels. Service-oriented businesses face liability risks, just like companies that produce products. The risks may vary, but they are significant just the same. If left unprotected, the financial losses you incur may be too much for your business to bear. With the right type of business liability insurance, your business will have the resources it needs to survive the financial hardship that a liability claim will cause. Hence, LLCs need liability insurance just like all other businesses.
Every Type of Business Has Liability Risks
Businesses can incur many different types of risk. If you own a building or office, slip and fall accidents may be a significant risk. Manufacturers and retailers who deal in products may have to worry about product defects and the liability associated with such claims. Service-oriented businesses are susceptible to risks related to poor workmanship or the use of defective parts. Understanding the many different types of risks that a business can face is the first step in finding the right type of insurance to protect against it.
The Perks of Having Liability Insurance
Managing your businesses’ liability risk is much easier if you have the right type of insurance. When you have identified the various types of liability that your business may face, you can begin to manage it effectively by purchasing the right types of liability insurance. With this insurance in place, your policy will bear the brunt of financial stress if a claim is filed. Even though an LLC protects you from personal loss that may be associated with your business, having a liability policy in place ensures that your business assets and financials remain in good standing as well.
Avoiding Disaster and Financial Loss
In addition to purchasing the appropriate liability coverage, there are other things you can do to protect yourself from devastating financial loss. Understand what causes specific types of liability and take the necessary measures to protect yourself and your business. It’s also a good idea to create a special financial account that can be used to make unexpected repairs that may be needed to prevent individuals from being injured while on the job. If your business isn’t an LLC, take steps to convert it to one. This will protect you from financial loss, and your liability insurance will cover the business itself.
If you own an LLC, sole proprietorship, or any other type of business, you will need to find out as much as you can about the kind of liability you may experience during your daily operations. To learn more about liability insurance, contact the experts at James Page Insurance today. We can help you find the right insurance policy that meets your coverage needs and budget.
Do Startups Need to Consider Cyber Insurance?
Cyber InsuranceDo you know that 90% of organizations reported phishing attacks last year? So with continuous integration of technology and business, it is vital to consider IT security in the budget of your startup.
Do you believe that a breach won’t happen to your organization just because it’s a budding company? Well, think about it again.
In the US, about 65% of organizations faced a successful phishing attack. These stats are 10% higher than the global average. Today, almost all businesses are well integrated with technology in several ways, making them vulnerable to all types of cyberattacks. Small businesses and startups which have zero or no cybersecurity plan are easy prey to hackers.
More and more new businesses are turning to cybersecurity insurance for startups to beat this rising concern. They are seeking reliable solutions to deal with the mounting threat of cyberattacks. Traditional commercial policies may not always include or clearly define coverage against cyberattacks.
How is insurance for startups a smart solution?
Free credit monitoring
Cyber insurances monitor the credit of your customers. If your customers get affected by a data breach, the insurer takes care that their information isn’t used illegally.
It is crucial to deal with this, with assistance from an insurance company, as doing it on your own can be a big-time headache. Research shows that 58 percent of consumers after a data breach want companies to step up and provide credit monitoring, identity theft protection, and other cyber-security solutions. It proves to be a big step toward winning back customer trust and retaining them. When moving ahead, make sure with the insurance provider if they include this service.
Cover legal cost
After a data breach, customers could sue your business, and as a result, the legal cost piles up uncontrollably.
Generally, cyber liability insurance for startups reimburses your significant legal expenses like lawyer fees and settlement costs. These expenses exceed the budget of most startups, and having insurance can help you avoid a huge financial blow.
PR expert to repair your business prestige
After a data breach, the highest and intangible cost a company has to bear is damage to its brand position. Typically, insurers hire skilled PR experts to rebuild and preserve your reputation. Irrespective of the size of your business, these can help you rebuild your market reputation and credibility.
Timely recovery of lost income
An unexpected pause to your business due to a data breach can greatly impact your business operations. It can make your company lose the revenue that it would’ve earned in due course.
Many startup businesses don’t have huge cash reserves – they rely on consistent cash flow. Therefore a pause of income for a few months can be disastrous to many small businesses. However, having good cyber insurance for a startup is a recovery measure that could create a huge difference and keep you up and running despite the unfavorable turn of events.
Thorough investigation
Insurers arrange a consultation with IT professionals to identify the root cause of the issue. The IT forensics team also assesses what measures need to be taken to prevent all sorts of future data breaches.
If you still doubt if your startup needs cybersecurity insurance, make yourself aware that a business takes somewhere around 206 days to know if they’ve been breached in the first place. Consider the damage hackers can do within 206 days, and you’ll realize what needs to be done.
Contact James Page Insurance today in case of any additional questions about business insurance for startups.
Tips for Parents to Reduce Car Insurance Rates
Car InsuranceIt is both scary and exciting when you hand over the car keys to your child for the first time.
For your teen, beginning to drive means stepping towards independence and freedom. However, it also adds immense responsibility.
For the parent, it is a surge of anxiety over safety and the added cost of insuring their young new driver.
But you should not worry. A lot of amendments in licensing and insurance laws for teens have taken place since you learned to drive. So, it is necessary to start thinking about how to properly insure him or her as they approach the age of driving. Generally, it is confusing, hurried, and expensive to have car insurance for teens. However, with proper research and asking questions, you can get out of the confusion, and possibly get a lower car insurance rate for your teen driver.
Estimated Car Insurance Cost
On average, adding a sixteen-year-old teen to your insurance coverage increases your coverage rates by 130 to 140 percent or an annual increase of about $2000. But it is possible to save some money when you add teens to your policy rather than getting a separate coverage for them.
Our Parent Guide to Insuring a Teen Driver
Here is our parent guide to insuring a teen for more details needed. In this guide, you will learn about the important steps that you can take to keep insurance rates of your young driver as low as possible.
Compare Effectively
The price of every insurer and its coverage is different, and what might be cost-effective for one might not be reasonable for another. You can compare through online quotes or by calling several agents.
To save money, comparing quotes can be the best option. A few minutes of research could save you hundreds or even thousands of dollars. Or you could hope your teen scores good grades to get a good student discount. A few minutes on the Internet may seem nearly painless now, right?
Discover Discounts
Consult with your automobile insurance company about what it would cost, and if they provide student discounts or any other discounts that you can take advantage of. In general, a good student discount can save 10 to 15 percent on coverage.
Find the Right Car
Buy the correct car for your teen. Your teen might consider a rental-grade sedan, such as a Ferrari, but cars having safety features with low horsepower are best for teenagers. Minivans are the cheapest vehicles to insure, but your teen may be unlikely to want one.
What’s More to Know?
In general, the states’ laws may vary. Make sure to keep in mind that –
● It is needed to add all licensed drivers in a household to a policy. If it is not the case, your insurer may not provide any claim or cover any accident. They may cover the claim only on the payment of the additional premium it would have charged you.
● It is acceptable in some states to exclude a licensed teen from your policy. While some don’t.
● It is not allowed for a teen to title a car in his or her name in most states.
● Getting car insurance is a contract. Though your state may not have age restrictions on titling a car, a person cannot get insurance by themselves if they are not old enough to sign a contract.
Willing to learn more? Contact our car insurance experts today to get car insurance for teens. We will be happy to assist you.
Life Insurance for Kids: What You Need to Know
Life Insurance, LifestyleParents have different opinions when it comes to buying a life insurance policy for their kids. While some believe it’s a great financial tool to protect a child’s future, others doubt whether it is required.
Before making your final decision, go through the advantages and disadvantages of buying a life insurance policy for your kids.
Advantages
The Earlier, the Better
A child with a chronic disease may not be eligible for life insurance later. If you have a history of congenital conditions in your family, you might want to insure your child early. Once they are insured as a healthy child, they will be covered for the entire policy’s duration even if they fall sick later on.
Future Financial Protection
Most child life insurance policies are whole life policies that come with a savings account. Along with low premiums, your child will also benefit from the savings they can access for future needs or emergencies.
Coverage for Unexpected Expenses
A life insurance policy can provide you cash to cover the unexpected medical and other expenses. The policy will ease your burden during financial difficulty.
Disadvantages
Unnecessary Expense
Life insurance is ideally taken by the breadwinners of the family to protect their families after death. Children rarely earn any income to support their families, which minimizes the need to have them covered. Besides, the cost of losing a child cannot be covered.
Alternative Saving Options
Experts who advise against purchasing a life insurance policy for kids say that such plans are outdated, and there are better options for protecting your child’s future.
Consider the requirements and your financial stability before buying a life insurance policy for your kids. To learn more about life insurance, contact the experts at James Page Insurance today. We can help you find the right insurance policy that meets your coverage needs and budget.
5 Crucial Things to Do Right After You Move Into a New Home
renters insuranceMove-in day can be overwhelming, especially if you don’t have a to-do list after move in. Here are a few important things to do after moving into a new home.
1. Get Your Utilities Running
The first task on your to-do list after moving in is to make sure that utilities like electricity, gas, and water are turned on. Call the providers to get these essential utilities.
After you are provided with the essential utilities, you can move on to getting other essentials like the internet, phone, and other services.
2. Unpack the Essentials
When you’re unpacking, start first with the essential items and slowly work your way up to other non-urgent stuff. You might want to proceed by preparing the two most important rooms, the bathroom and the bedroom.
Arrange your bathroom with shower curtains, towels, soap, shampoo, and toiletries that you’ll need for a shower. Set up your bed for a good night’s rest.
3. Update Your Address
Update the change of address to the post office and your old neighbors and friends.
Don’t forget to notify your address to your subscription services, bank, loan providers or online delivery services, and anyone else who sends you regular correspondence or bills.
4. Meet the Neighbors
Meeting your new neighbors can be fun and exciting. Introduce yourself to them and get to know about them. Meeting new neighbors can help learn about your new community, nearby amenities, and get recommendations for local services if required.
5. Get Insured
An important thing to do after move-in is to get insured. You never know when a thunderstorm, fire, vandalism, or theft can damage your property. Secure your belongings with renters insurance right after you move in.
Follow these tips for a smooth and comfortable move-in day. To get the right coverage for your belongings, contact the experts at James Page Insurance today. We are ready to assist with all your insurance needs.
6 Essential Safety Tips for Boating at Night
UncategorizedWhether you’re fishing a little late or taking your beloved one on a romantic moonlight cruise, nighttime boating may involve some risks. However, you can follow these essential safety tips while boating at night:
1. Have the Right Tools
Navigation lights are extremely crucial at night and make sure they’re working. The other tools you’ll require are life jackets, flashlights, plenty of fuel, a horn, a radio, and a fire extinguisher.
2. Slow Down
Visibility is reduced at night, which makes it harder to judge distance and see obstacles. You can easily confuse the lights from canoes and drifting boats with the lights onshore. Operate your boat with normal speed so that you can figure out the other boats moving around you.
3. Turn Down the Ambient Light
When you’re boating at night, the lights on your boat may impact your vision. Dim all the onboard lights, including Chartplotter and courtesy light, as much as possible.
4. Post a Lookout
You may have a lot to do when boating during the night, including monitoring the gauges, adjusting the throttle, and checking the Chartplotter. However, you also need to ensure that no other boats are approaching near to you.
5. Listen to Your Surroundings
You can rely on your hearing when you have limited vision. Keep the stereo low and pay attention to the foghorns, bells, and engines of other approaching boats.
6. Have the Right Clothing
You need to have the right clothing according to the weather. A blanket, sweatshirts, and extra towels may help to keep you comfortable during the summer.
The above safety tips will help you during nighttime boating. Looking for another way to protect your boat and personal watercraft? Have the right insurance in place. Contact the experts at James Page Insurance for all your coverage needs and questions.
Top 5 Sleep Myths You Need to Stop Believing
LifestyleConsistent sleep for 7 to 8 hours is important for our body to function properly. However, our busy life and certain sleep myths are taking a toll on our sleep. Here some of the most popular sleep myths are debunked.
1. Go to Bed Early to Sleep Sooner
We’ve all been told that if you do not feel sleepy, get into your bed, and you might fall asleep. The truth is that if you stay in bed without sleeping, an unhealthy connection between your bed and your wakeful state is established.
If you do not feel sleepy, engage yourself in some activities like meditation and relaxation, reading, or listening to music that can help induce sleep.
2. Snoring Is Harmless
Snoring can be a symptom of a severe sleep disorder called obstructive sleep apnea. This problem not only compromises your sleep quality but also increases the risk of cardiovascular diseases.
3. Sleeping on Weekends Can Compromise Your Lost Sleep During Week Days
Sleeping over the weekend doesn’t reverse the harmful effects of a lack of sleep during the week. It’s best to adhere to a consistent sleep schedule every night.
4. Alcohol Helps You Sleep
Alcohol will never help you fall asleep. It restricts your body from producing melatonin that is necessary for a relaxed sleep. If you drink alcohol before bed, you’re more likely to wake up frequently during the night and get less deep sleep.
5. Air Circulation Helps You Stay Awake While Driving
Just opening the car window or turning on the air conditioner when driving may not help you stay awake. If it’s difficult to stay awake while driving, stop the car and take a short nap instead.
These are some common sleep myths that you need to know to stop believing them anymore. If you need assistance with your health and life insurance coverage, contact the experts at James Page Insurance. We’re always available to answer all your insurance-related questions.
5 Hidden Costs of Renting an Apartment
BusinessIf you are moving into a new apartment in another city or state, you would be worried about the utility bills, moving expenses, and, more importantly, the rent. When it comes to apartment renting, hidden costs often land tenants in trouble. Here is what you should know.
1. Renters Insurance
Your landlord’s insurance does not cover every accident or incident that occurs in the apartment while you are a tenant. Some homeowners make it mandatory to opt for renters insurance before you move in. The exact cost depends on the neighborhood, but it ranges from $15-30 a month on average.
2. Security Deposit
Landlords usually charge a fixed rate or some multiple of the rent as a security deposit before you move in, so account for this expense when you plan the cost of apartment renting. The purpose of such a deposit is to protect the landlords against unreliable tenants who default on payments. Deposits are usually refunded at the end of your stay if you return the house without any damage.
3. Trash Cleaning Service
In most places, valet trash services are provided to the entire community, and each resident has to pay their share. Since the price varies based on your location, it’s advisable to ask your landlord for the exact rates.
4. Cable and Internet
Today, everyone needs access to the internet and television. Some generous landlords could throw in a free Wi-Fi pack or cable connection as well, but otherwise, these are additional expenses.
5. Water and Electricity
Based on how much water you use, communities charge you a monthly bill for water and sewage services. Electricity charges for household appliances, heaters, and air conditioners are separate. If you feel smart thermostats or CFL bulbs will cut costs, ask your landlord if they can pay for the new devices.
These are some of the hidden costs of renting an apartment. If you are looking for a new house, make sure you have the right homeowners or renters insurance in place. If you have any questions regarding your home coverage needs, contact the experts at James Page Insurance today.
How to Downsize Your Belongings and Simplify Your Life
LifestyleYou may take a look around your home to realize that half the things you’ve accumulated over the years are of no use to you now. These things occupy valuable space that can be used for newer, better items. Also, maintaining these objects is likely to consume a lot of your time. This is why you should know how to downsize your belongings or possessions effectively.
Not sure how to downsize your belongings? Here are 5 tips for you to downsize your possessions.
5 Effective Tips To Downsize Your Belongings and Simplify Your Life:
Follow the 80-20 Rule
The famous Pareto 80/20 rule applies to all walks of life—even your stuff. According to the principle, you technically only use 20% of your possessions 80% of the time. So while downsizing your possessions, remember to keep the things that you often use and get rid of the rest.
Start Small
You don’t have to hold off on the decluttering process until the weekend. Allot half an hour of your time daily and start from small corners such as a drawer or a cupboard. This way, you won’t be overwhelmed, and the progress will keep you motivated.
Organize the Process of Downsizing Your Possessions
For an effective downsizing process, try adopting New York Times best-selling author Josh Becker’s four-box method: trash, give away, keep, or relocate. Once you pick an item, make a firm decision as to which of the above category it belongs to. Delaying your decision will only waste your time and increase your work.
Go Paperless
Stop all future paper items from entering your home by transferring everything online. Going paperless with bank statements and bills will save you more space and will provide so much help in downsizing your belongings than you’ve imagined.
Only Keep What You Love
Downsizing experts advise you not to hold on to ordinary items and keep what you truly love. It’s okay to be emotionally attached to some of your belongings, but keep in mind that they are only material possessions and not a part of you.
Remember, if you want to simplify your life, less is more. If you are looking to get the right coverage for your possessions, contact the experts at James Page Insurance today. We are happy to answer any insurance-related questions.