Start-Up Insurance for E-Commerce Businesses In Orange County
Electronic commerce, commonly known as e-commerce, ecommerce or e-comm, refers to the buying and selling of products or services over electronic systems such as the Internet and other computer networks. However, the term may refer to more than just buying and selling products online. It also includes the entire online process of developing, marketing, selling, delivering, servicing and paying for products and services. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, spurring and drawing on innovations in electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. When an ecommerce business begins to grow, new risks mount and site owners should examine insurance options. Online businesses differ from their brick-and-mortar counterparts in ways that present unique challenges for insurance companies. A typical small ecommerce business might operate in the following manner: the business owner runs the site from his/her desktop in Anaheim, CA; the “store” is on a server in Los Angeles, and a third-party fulfillment company houses the products in Kansas City, MO. Data security, in which the most commonly publicized areas of exposure involve unauthorized access to customer data and/or the dissemination of customer data by accident or through fraud. For online merchants, “it becomes an added obligation to protect that data. There are potential liabilities if that information is compromised or exposed. What happens when a business interruption is caused by third-party providers?
At times, business may be interrupted when customers are unable to access the website because of disruption or denial of service. Server problems during the Christmas-buying season can have a devastating impact. Business interruption can also occur because of disasters such as a fire at secondary support locations — your main supplier or your warehouse.
In today’s world with so many new ventures starting up in the Orange County, CA cities such as Irvine, Anaheim, Santa Ana, Costa Mesa, Fullerton, Garden Grove, Huntington Beach, Mission Viejo and Newport Beach, it is in your best interest to have one of our professionals take a look at your e-commerce business and design a cyber liability insurance plan that will protect your business.
Start-Up Insurance For OC Software Developers
Orange County, CA software developers and/or information technology companies face unique Errors and Omissions Liability technology insurance coverage needs. Many information technology companies such as computer consultants, programmers, software designers, mobile phone application developers, internet designers, and web site designers to name a few sell their technology products and services that are their clients use in the their businesses. Technology insurance, sometimes known as computer consultant insurance or software developer insurance is a must for your business. Here is a scenario where insurance can be helpful, a failure of a hardware or software product or service provided to one of your clients can result not only in critical mistakes being made, which could result in lost income and litigation, but also in your client’s business failure. California Professional liability insurance may protect software and hardware products and services that often control key business functions such as office automation, database management, word processing, accounting and billing, e-commerce, websites, production equipment, etc. Information technology companies also face unique lawsuit exposures for intellectual property violations. As it is well known, this is one of the biggest areas of growth in new companies in Orange County, CA. PJO Insurance has the expertise and carriers available to help you with your insurance needs. Please call us today at 949-354-0789, we look forward to working you’re your company.