In September 2024, Tropical Storm Helene caused widespread devastation in Western North Carolina and East Tennessee. Floodwaters damaged properties, disrupted power and utilities, and left roads impassable, forcing many businesses to halt operations.
As technology evolves, businesses must remain vigilant, investing in robust cybersecurity and exploring solutions like captive insurance to protect their valuable trade secrets and maintain competitiveness in the digital age.
Proactive risk management is essential for businesses navigating modern threats such as cyberattacks, regulatory fines, and reputational damage. By addressing risks before they escalate, companies can prevent disruptions and improve their insurance standing; organizations with fewer claims are often considered lower risk, leading to reduced insurance costs and better coverage terms. This proactive strategy also benefits captive insurance programs, where minimized claims translate directly into higher retained profits. Learn more about safeguarding your business by reading the full article by Randy Sadler of CIC Services at Entrepreneur.com.
In today’s digital world, AI-driven disinformation is emerging as a significant threat to businesses, with the potential for severe reputational, financial, and legal consequences.