Texas Commercial Insurance: How to Know Your Business Needs Cybersecurity Insurance

When you are running a business, you want your commercial insurance to cover every possible scenario. That goes beyond liabilities that you will have to cover.

At Allegiance Insurance Agency, we know that Richardson, TX business owners are at risk of cyber attacks every day. We can help you to learn whether or not your business needs cybersecurity insurance. 

Consider these cybersecurity insurance tips before you get a quote.

Why Get Cybersecurity Insurance

Every business is at risk of data exposure in today’s world. Whether an external threat from a hacker or personal enemy is on the rise, or your internal threats are unmanageable, cybersecurity insurance is the answer.
The impact of a breach from a hack or data leak could be one you can not recover from. 

Cybersecurity insurance is important for any business. If data is a part of your business, you need it. In other words, if you have a network of computers that operate your day-to-day functions, you need cybersecurity insurance. 

The Costs of a Data Breach

A data breach can cost a business both downtime and lost income. The average business is down from three to five days when there is a cybersecurity incident. During that time, you will still have to operate payroll and meet your other business needs.

Some small businesses can manage these problems with a line of credit, but that is only a Band-Aid solution. You still have the cost of the data loss. If too much time passes, or your customers find out which they will, you will have further losses. 

Cybersecurity insurance is protection for those scenarios, and the multitude of others that could happen should a hack occur. These risks are getting more common every day.

Update Commercial Insurance With Cybersecurity Insurance

When you are running a business in Richardson, TX, you want to have the most thorough commercial insurance policy possible. At Allegiance Insurance Agency, we can help to update your policy to include protection from cyberattacks. Call us for a quote today.

Tips for Preventing Frozen Pipes in Your Home This Winter

As the cold weather nears, it is more important than ever to become familiar with how to prevent your pipes from freezing. During the dead middle of winter, a frozen pipe can be one of the worst forms of property damage, as water damage can equate to thousands of dollars in damage. Helping Richardson, TX homeowners, Allegiance Insurance Agency wants to inform homeowners on how to prevent frozen pipes and unnecessary water damage to their homes.

Insulate the Pipes

Your plumbing pipes should be outfitted with fiberglass or foam rubber sleeves, which will reduce the chances of them freezing. You should pay close attention to the pipes in unheated areas like garages, attics, and basements.

Keep the Heat On

While you may want to turn the heat down to save money here and there, you will want to keep your heat on and at a consistent temperature to protect the plumbing pipes. Ideally, you should never go below 55 degrees throughout the winter months.

Allow Cold Water to Drip from the Faucets

During the winter, you should turn the cold water on so that the water is dripping. This keeps water moving through the pipes, preventing them from freezing. While this could cause your water bill to go up, it is much better than the alternative.

Disconnect Exterior Hoses

If you have any garden hoses outside, these should be disconnected. Remove the hose and close the inside hose valve. Store the hose for the winter season. The outside valve should remain open so the water can fully drain.

In the event that your home does suffer a frozen pipe, you will want to ensure you have sufficient coverage. Contact our team at Allegiance Insurance Agency to obtain a home insurance policy that fully protects you and your Richardson, TX home.