#SmallBiz Insurance Roundup: August 12, 2022

How to Prevent Phishing Attacks

Email has transformed business and personal communications forever. It also saves businesses time and money. However, email has a dark side because criminals can use it to launch phishing attacks.

Most phishing attacks are made using email, but criminals use other methods. According to Verizon’s?2022 Data Breach Investigations Report, 20% of all data compromises occurred last year due to phishing.

Learn about the different types of phishing attacks and scams, what to do if you suspect a phishing attack, and how to protect your employees and business from them.

What Is SME Insurance?

Small- and medium-sized enterprises (SMEs) are a big deal to the Canadian economy that powers our country’s prosperity.

The?federal government?defines an SME as a business establishment with one to 499 paid employees. There were 1.22 million employer businesses in Canada as of December 2020, and among them, nearly 98% (1.2 million) are considered small businesses, almost 2% (22,725) are medium-sized companies, and 0.2% (2,936) are large businesses. Moreover, over half (55%) of Canadian SMEs are considered “micro-enterprises” (businesses with fewer than four employees).

Find out what types of business insurance SMEs need to be protected and why it matters.

How Much Does Snowplow Insurance Cost?

It may still be summer, but for snow removal contractors and independent snowplow operators, getting affordable snow removal insurance begins now, since over the last several years, getting coverage has been a tremendous challenge. One reason is the risks specific to the snow and ice removal industry.

The Insurance Bureau of Canada (IBC) estimates commercial liability coverage claims that include ice-slipping incidents increased by a whopping 108% between 2013 and 2020, rising from $2.4 billion to $5.1 billion.

Get insight on how snow removal insurance policy premiums are calculated and ways to avoid insurance claims.

6 Best Website Builders for Small Businesses

One of the most widely known and influential thinkers on business management, Peter F. Drucker, once wrote, “the purpose of business is to create and keep a customer”. That simple, undeniable truth involves many elements, and in today’s business world, that inarguably includes having a small business website. Without it, how will your target customers know you exist?

Every established small business or startup needs to have a website to attract customers, but not all business owners, entrepreneurs, and self-employed professionals are comfortable designing and creating a site from scratch.

See our suggestions for how to get online easily and affordably.

How to Start an Electrician Business in Canada

It’s estimated Canada will need thousands of new electricians within 10 years. That makes pursuing a career as an electrician or starting your own business in the trade ideal.

Shine a light on how to launch an electrician business by reading our useful guide.

Find out about the training and certifications you’ll need, the types of services electricians provide, the equipment they need to do their jobs, the types of insurance electricians should have, and more.