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The Consumer Quarterback Show
CQB Show 6.4.18
Eunice Halstead, Mark Albrechta
Eunice-insurance can protect your assets in the cyber world as well
-recently had a client come out of pocket for $300k to recover files and secure their client info
-clients who get their information hacked can take legal action against the company who allowed this to occur
-medical professionals also have a big risk w sensitive info, patient records must be protected
-big corps have been held ransom by hackers who threaten to expose sensitive records
-there are 2 types of businesses, those who have been hacked and those who will be in the future...make sure you are covered
-Eunice has 30+ years in insurance industry, let her find the best deal for you
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Mark- be careful w disgruntled past employees, they can hack your system or create damage to records due to discontent
-law firms have to protect a lot of sensitive data, insurance is a must
-make sure to protect your business...set up a corporation or LLC
-state law requires annual registration renewal for corp, llc
-beware of co signing any agreement w family members, you will be the one sued because you have the $ (car purchase for children often is dangerous)
-get separate LLC's for each asset, that way they all are not vulnerable at once
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