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

A graphic that depicts 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.