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If your company depends on computers to create and store critical
information for your business, you should be aware that commercial
property insurance does not cover all electronic equipment. Here
are three important things you should consider:
1. Purchase an Electronic Data Processing Policy
The EDP policy will fill in the gap for computers and other equipment
that normally exists in a standard commercial insurance package.
This type of policy covers your equipment, data, data storage units
like disks and CDs and the additional cost required to continue
normal business functions after disasters such as theft, vandalism,
fires and more.
2. Backups
Make a habit to duplicate your records on a regular basis and keep
those records stored in a safe place, preferably at an off-site
location.
3. Practice Drills
If all your data were wiped out, would you know where to find your
backup files? It may be helpful to periodically review your backup
system. These reviews will help you locate files quickly and helps
you to ensure that your backups are free of defects. Please call
us or stop by if you would like more information about EDP policies.
source: Allied Advisor
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