Big Bend Wisconsin Insurance - Smith Insurance & Financial Services

W230S8735 Clark St.
Big Bend, WI 53103
Phone: 262-662-4327
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Learn How to Protect Your Business from Cyber Liability Losses

December 15, 2017 By Kevin Smith

internet server

Millions of consumer records were stolen in headline-making data breaches this year. Those records contained sensitive information, from credit card numbers to addresses and even Social Security numbers. Chances are you have already been a victim of one of these data breaches, but if you weren’t, you probably would be in the future. While you may not be able to stop it from happening or prevent criminals from selling your information on the dark web, you can be proactive in your attempts to damage to your finances.

Protect Yourself

To protect yourself against a data breach, you must act before you are ever a victim. Taking proactive steps, such as shredding your private documents and installing anti-virus software on your computer, can help prevent your information from being exposed. If your data is leaked in a corporate data breach, however, there is little you can do to stop it from falling into the wrong hands. What you can do, however, is be alert to the activity in your personal accounts and credit report.

Have a Question? Give Us a Call!

Start by enrolling in a credit monitoring service that will periodically scan your credit report for signs of identity theft. These services typically send an alert to your email address or phone when activity is detected that could indicate fraud. You may be notified if a new account is opened in your name or if the balance on one of your revolving accounts is significantly increased. If someone is applying for credit in your name, try placing a fraud alert or ‘freeze’ on your credit to make it more difficult for criminals to open new accounts.

Next, make a habit of scanning your financial statements each month instead of filing them away or shredding them. Bank statements and credit card statements may contain red flags, but you cannot find them unless you review the charges. If you do find unauthorized activity, notify your bank or credit card company right away.

Finally, be sure to add identity theft insurance to your insurance portfolio. Identity theft coverage helps pay for the out-of-pocket costs associated with clearing up your credit report. Although this does not include the actual liabilities created in your name, it can include other costs, such as legal expenses, travel costs, and time off work. If you do not have identity theft insurance, talk to an agent here at Smith Insurance and Financial Services about how you can purchase a stand-alone policy or add this important coverage to your homeowners, renters, or condo insurance.

Protect Your Business

If you own a business, you probably have several insurance policies that protect you against various hazards and perils. One often overlooked risk, however, is the threat of cyber-crime. With data breaches on the rise, cyber-crime insurance is essential for most businesses – particularly those that store sensitive customer information.

Insurance underwriters typically require businesses to comply with certain standards before issuing coverage. Though these may vary from company to company and depend on your business size and industry, you may be asked to:

  • Create a contingency plan
  • Educate staff and employees about cybersecurity
  • Regularly update your software
  • Submit to third-party testing and audits

If your business qualifies for coverage, you can relax knowing you are protected against financial loss. Typically, commercial coverage will help pay for a wide range of expenses, including the cost of notifying victims of the breach and paying for their credit monitoring if necessary. It can also cover business interruption, the cost of removing viruses from your company software, website reconstruction expenses, punitive damages, and more.

Request a Free, No-Obligation Quote!

For more information about personal identity theft insurance or how you can better protect your business against a data breach, contact our office today.

Filed Under: Business Insurance

About Kevin Smith

Kevin Smith is an agent at Smith Insurance and Financial, Inc. in Big Bend Wisconsin. Kevin can be reached at kevin@smithinsurancewi.com

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Reviews

They are great and we have been with them for about 10 years. We have not had any problems yet. We like the personal service from Mike and Kevin. Mike is the owner and Kevin is the son. They have rapid response and they answer our questions. My daughter had an accident 10 years ago and they took care of everything.
Teresa StrakaMontello, WI
We have been insured with Mike Smith for decades. We even kept him when we moved up north. His agency is very attentive to changes and claims are handled fast and very fair. Highly recommended!!!!!!!!
Jeff Reed
Mike and Kevin are honestly the best! Whenever I have questions about coverage or most recently with a claim situation, they were very supportive and helpful in my questions answered either over the phone or in person at the office! I can’t thank them enough for everything and their customer service is excellent!!! Keep up the great work guys, and the rest of the team!!
Sara Jo Rauenbuehler
I’ve been using them for 15 years. They have excellent agents. Every time I have a question, they answer right away. If I have an issue or problem, it’s taken care of. They have way above excellent service. They are A four pluses. Their pricing is very good and very reasonable. I would definitely use them in the future.
James YantaGlendale, WI
Everyone at Smith Insurance has been very helpful with every question I have had. They have all been there for me. Honest and trustworthy!! Thank you
David Zilinsky
All the people at Smith Insurance are friendly reliable people. They exercise phenomenal customer service and treat you like a person, not a number. I’ve been with them for a couple years now and they have never let me down or pointed me in the wrong direction. They are very professional and knowledgeable in there trade and I would recommend them to anyone looking to purchase insurance and have in the past. Thanks, guys for all the wonderful work and service you have done for myself and others.
Ryan Andrews
Smith Insurance has provided insurance coverage for both my personal and business needs since the late 90’s. The detail work has proven to be unmatched. The response time for policy changes is spot on and immediate in nature. Mike has always been very accessible to address my needs.  On the few occasions claims had to be submitted, Mike has always been very involved and detail oriented.
Timothy Schuetz, President, Automotive Parts & Equipment Corp.
Love the personalized service they provide with competitive rates. Prior to this I used one of those “easy” online providers and would never go back. Smith Insurance has given me better rates and the comfort of knowing they are easy to get a hold of and personally care about their customers.
Nicole Luterbach
We have had Smith Insurance for at least 15 years and they have always had great service. I have looked at other insurance companies, but none of them could beat their price. We look forward to many more years of great service from some true professionals.
Robert Hoff

Smith Insurance has provided insurance coverage for both my personal and business needs for more than 10-years. The detail work has proven to be unmatched. The response time for policy changes is spot on and immediate in nature. Mike has always been very accessible to address my needs. On the few occasions claims had to be submitted, Mike has always been very involved and detail oriented.

Timothy SchuetzPresidentAutomotive Parts & Equipment Corp.Oconomowoc-Pewaukee-Waukesha

Contact Info

W230 S8735 Clark St.
P.O. Box 7
Big Bend, WI 53103
262-662-4327

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Monday - Friday 9:00 - 5:00
Saturday & Sunday Closed
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