If your employees work from home, or sometimes work from home, do not make the mistake of thinking that their home insurance will cover your business insurance needs.

Most of us have seen a shift in our business over the last 2 years. Some of our employees work from home full-time or even part-time. Either way, this puts added risk to your business in the following ways:

  1. Cyber security risk
  2. Property damage to company-owned equipment

Cyber Security Risk

While working remotely, your employees still need access to your servers, applications and other internal databases.

According to the Canadian Centre for Cyber Security, “Your organization also needs to protect its systems and information, as remote work introduces new vulnerabilities. You need to implement additional security precautions to prevent threat actors from taking advantage of those vulnerabilities.”

Your employee’s remote work increases the threat to your organization’s security. There are ways to mitigate these risks. We talk about that here.

Staying safe online means securing your accounts, securing your devices, and securing your connections.

Here is a valuable resource for any business owner which outlines the threats to remote workers and how to mitigate these threats.

Property damage to company-owned equipment

There is a coverage available titled “Commercial Property Insurance”. This coverage is what the name implies – it protects your business property. This includes laptops and inventory that your employees might be using while working remotely. It is important to talk to your Insurance Broker about this coverage if you have remote employees.

Our Insurance Advisors can design a business insurance package that is unique to your business. We will work with you to ensure you are properly covered for the business risks that are relevant to you.

Do not be intimidated to ask questions of your Insurance Broker – they are there to be your partner in business and in life. The more information that your Insurance Broker has, the better they can calculate your risk and how to mitigate that risk.

Roughley’s team of insurance professionals is standing by to answer your call. If you have questions about your insurance, we invite you to call us and speak to one of our team members.

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We are available Monday to Friday, 9am until 4:30pm.

Oshawa Location
Phone: 905.576.7770 • Toll Free: 1.888.558.0883
Fax: 905.576.3610
[email protected]

Bowmanville Location
Phone: 905.697.4257 • Toll Free: 1.888.558.0883
Fax: 289.316.3662
[email protected]