Protecting Your Tech Business: A Guide

 

When setting up your small tech business, there are additional considerations that you should think about when ensuring that you are protected. Not only do you have to think about insurance and other general necessities, but you should also consider your security online as well as the protection that you give the gadgets that are necessary for your business to operate.

 

  • Take Out Liability Insurance

 

Firstly, every small business should take out liability insurance before they open for business. This will ensure that you are protected against any customer claims made against you, such as accidents on your premises. It only takes a couple of minutes to set up your tailored insurance, and yet this could be the difference in losing a large part of your income if an accident does happen on your premises. Commercial general liability insurance will ensure that you do not lose revenue through expensive lawsuits or medical bills and that you and your customer are reassured of safety and protection at an affordable price.

 

  • Consider Your Cyber-Security

 

Cybersecurity is even more vital for tech companies than other small businesses, and it is important that cybersecurity is at the top of your priorities when setting up your business. To ensure that you are protected, you should download reliable anti-viral software and keep your software up to date as your business grows. If you hire employees, it may be best to create a security policy that everyone can read, which includes elements such as regular data back-ups and how to secure cloud computing. You should also constantly remain aware of new trends in cyber-attacks such as hacking, malware and identity theft and how to combat these.

 

  • Invest in Surveillance and Tracking Devices

 

You should also invest in more basic security measures such as installing surveillance systems onto your physical premises. Tech businesses will have more gadgets such as laptops and computers on site than other businesses, and so you should have more precautions in place such as security cameras and other surveillance devices to ensure that your business is protected. Not only do video cameras deter theft, but they also give you solid evidence of a theft and help you to work with the police to find the perpetrator. If you have many small gadgets such as mobile phones in your offices, you should also consider tracking devices as this will help you to find missing items quickly.

 

  • Ensure Your Business is Legally Protected

 

To ensure that your business is legally protected, you should trademark your business name through registering your business within the state in which you will be operating. This ensures that you can run your business under that name and those other businesses cannot use the same name. You should also ensure that you get the correct licenses and permits such as tax and you can receive these by contacting your local county offices. You should also consider hiring a solicitor to provide advice in times of legal uncertainty and to help you legally protect your business.

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