Property damage: Your business has invested in a building, furniture, computers and other physical assets. What would happen if a fire or storm destroyed everything? Or if a thief broke in and stole your expensive equipment? Protecting your business’ property should be an integral part of your business plan. 

Liabilities: There is always a possibility that a customer or other third party could be injured or otherwise monetarily harmed at your business or due to the actions of your employees. If such an incident occurs, you may responsible for the person’s medical bills and other expenses.  

Cyber-crime: Cyberattacks have been on the rise these past few years. Not only do cyberattacks harm your business, but they can also compromise your customers’ personal information. Efforts to repair what was damaged can be extremely costly. 

Fraud: Oftentimes, employees have access to sensitive company information. Dishonest people may see this less as a privilege, and more as an opportunity for embezzlement and extortion.  

Property location and size 

Safety policies and security equipment 

Vehicles operated by employees 

Number of employees 

Type of business/industry 

And more