Safeguarding your information

The complexity of information systems in today’s business world–even for relatively small businesses–is mind boggling. Information risks include threats to information technology systems, the intangible property handled by them, and consequences of failure of these systems. There can be direct first-party losses sustained by your company as well as third-party losses related to liability to others.

According to the Privacy Rights Clearinghouse, San Diego, physical theft, hacking into systems and accidental release are the leading causes of breaches of sensitive or non-public information.

Every business should have a security policy that is communicated to all employees and any subcontractors. Every business should also have policies covering the security of all electronic systems, shredding of documents, and related safeguarding of information.

For guidelines on this subject or any other insurance or risk management topic, call the program administrator for GlassInsure, NGA’s sponsored insurance program, at 800/640-7601.