Overall readiness is also important. No less than 70% of US security executives say they don’t have incident-response plans in place, according to the Ponemon Institute. Systemic oversight on this scale significantly increases the cost and damage done by a cyber attack. At the very least, you want to make sure your staff know's what to watch for, and how to decrease the chance of a breach.
To this end, you and your staff members should:
Keep passwords secure
Avoid reusing passwords for different logins
Avoid sharing sensitive personal information
Don’t click on links and downloads indiscriminately
Keep antivirus and malware protection updated
The biggest thing is not to assume a security breach won’t happen to you. Instead, work with a team that can identify and fix vulnerabilities before trouble starts. Coalition, another Chalice partner firm, insures firms against damages post-breach — including potential legal costs and brand-protection measures. But it also provides consulting services around preventing attacks in the first place.
General Liability
Have you ever visited a client’s home on a work-related errand? Perhaps there’s cause for celebration, so you’ve popped some bubbly — but oh-oh: the cork flies off and fatally beans something small and hairy. You’ve just killed Harold the Hamster, a beloved family pet, to the immense dismay of all present.
But rest easy there, dear advisor. With general liability insurance, you’re covered for the market price of a specimen such as Harold, and for the emotional distress of the family — and oops: also for the carpet on which you inadvertently dumped half a liter of champagne in your horror at the death you not only witnessed but caused.