Business Insurance Companies Over the Internet - What Are The Risks?


With 20 years of experience in the insurance industry, Cochran founded Cubit-Insurance in 1979 to provide insurance products for IT professionals. Cubit-Insurance has become one of the leading UK online insurance service providers.

It is true that times have changed, and insurance has changed too. The era of buying your business insurance from Onkel Harold, who lives on the streets, is over, if ever, and the World Wide Web is your hometown. So buying business insurance companies online is different from buying it from a local broker at Brick Mort? Are there more serious security and privacy issues when using online business insurance applications? Is "internet insurance" another term for scammers?

 

Business insurance companies must change the way they sell their products because of online insurance. However, the only big change for you is that it's now easier to get information and communication with potential insurance providers that is much more convenient. You still need to fill out a form and can ask some representatives questions. Now you can do this at 3am and sit comfortably in your panamas at home.

 

While buying insurance online is as safe as working with an independent insurance company, no experienced entrepreneur will entrust their existence to an insurance company without checking whether it is trusted and reliable. Just like an offline company, you have to do your homework. You did not transfer your money to Joey Shady Ellie's Insurance Agent. Why should you forward it to Joe Shady Insurance Online Agency?

 

Start with the question: Who is this online insurance company? You will find many known names. All the major commercial insurance companies are online, and if you have trusted it before, there is no reason to change it. If you don't know the company, try it. Do you have a license to do business in your country? How long has it been? Are there still complaints or complaints? Does he have financial reserves to keep his promises? Are there customers willing to provide feedback? Ask the internet insurance company exactly the questions you will ask other companies.

 

Just because there is no reason to worry when working with an online business insurance company, you should know about other problems. Communication and online transactions offer new ways to steal your information and maybe your money. Although it is very unlikely that your data will be hijacked this way by hackers, the amount of information stored in internet insurance companies in databases connected to the Internet and questions about what type of security they have is very unlikely. The safest alternative is if you do not store any information about your bank or credit card and delete that information as soon as you process online payments and send the information to the bank.

However, this can exclude automatic payments and is not an industry standard practice. High level encryption (128 bits) helps protect your data. However, they can also determine whether insurance companies have excessive firewalls, their networks are controlled by external security companies, and their systems are checked by simulated computer attacks. When a company takes these precautions, you can feel confident working online with them as if you were sending them forms through the table.

 

With 20 years of experience in the insurance industry, Cochran founded Cubit-Insurance in 1979 to provide insurance products for IT professionals. Cubit-Insurance has become one of the leading UK online insurance service providers.