There was a time, in fact not quite that long ago, most business was conducted with a storefront, a telephone with several 800 lines to take orders and if you wanted to expand to another market, you opened another storefront and started the whole process over. My have the times changed!! Now more and more business is being conducted through the company’s website and in many cases there is no need for even one store front, now with the web your business can now do business all over the world.
In the new media world of business your company’s standard business liability insurance may cover such losses as missing computer equipment or a storm-wrecked office, but would it help your company survive the loss or theft of valuable company data inside your computers, a website shutdown from a power failure or worse yet a hacker attack, or a false-claims accusation triggered by a Twitter, Facebook, LinkedIn, Company Blog or some other post? The answer more then likely would be no.