How to Protect your Business

Are you sure that your business is properly protected against all the potential threats it might face? There’s a lot that can go wrong and taking unnecessary risks is no way to run a sustainable business. Maybe now is a good time to think about how you might go about making your business safer and more secure. Each of the ideas on how to protect your business that I’m about to share will enable you to do exactly that.

Hire a Lawyer

First of all, you should look into the possibility of hiring a lawyer for your brand. Having an attorney that you can trust and turn to when you find yourself in any legally dubious waters is massively valuable. If you are just starting a business, try to incorporate lawyer fees into your projections as soon as you can allot a budget for it. If you can’t afford it yet, just look for one who you can easily turn to for help. Finding one you trust makes sense and being able to build a relationship is key too. That trust and understanding could be huge for you in the future when their services are really needed.

Create Different Permission Levels for Employees

Not all of the employees who work for your business should have the same access and permission levels assigned to them. This can become a problem because internal fraud does happen and it takes place when new or rogue employees take advantage of the trust that’s been placed in them. You shouldn’t let that happen. Instead, create different permission levels of different employees. Always keep the administrator access for yourself (owner / founder of the business) or for the head of your Engineering team.

Put the Right Insurance Coverage in Place

Another tip for how to protect your business is to have the right insurance in place for your business. Of course, the kind of insurance you’re going to need will depend on what kind of business you run and what the risks you face on a day to day basis are. Consult an Insurance industry expert if you want further advice on the best insurance coverage for your business and its specific needs. In the Philippines, if you register your business in the municipal hall, they require for you to have a comprehensive general liability insurance. Read your policy. See what’s covered and see if it’s enough.

Afbeelding van Free-Photos via Pixabay

Use Smart Passwords

If your business is going to remain properly protected for a long time to come, using smart passwords is something that’s really important. Password security is so well-known and understood that some people dismiss its importance or overlook how significant it is. Don’t put yourself in that position; instead, create strong passwords across all different devices and accounts that your business relies on.

Secure Your Physical Location

Securing your physical location and improving its overall security levels is another thing you can work on. Using stronger locking systems, changing how people come in and out of the premises and installing things such as CCTV systems are all things you might want to consider. For internal security, it’s also a good idea to have safes in operation inside your workplace.

As a business owner, it falls to you to make sure that your business is properly protected. This is all within your control and the decisions you make today will dictate how well-protected your business is tomorrow and in the months and years to come. So don’t hesitate to make the most of the advice above.

I hope these tips on how to protect you business helps you out. If you want to add more, please feel free to comment on the comment section below.

P.S. Please read my blog posts on data privacy and safety (contributed by my husband, EJ). It’s a 3 part series.