Does Your Rhode Island Commercial Insurance Cover Risks Associated With Social Media?

Have you thought about how social media may impact your business? Do you know if your Rhode Island commercial insurance policy can protect you against risks associated with this form of networking?  Many people will answer “no” on both accounts, because social media is still a relatively new phenomenon that is changing the way we interact. Still not convinced about the power of social media? Just think about how it galvanized millions of people to take part in the demonstrations in Egypt and the “Occupy” protest movement.

There’s no doubt social media can be extremely beneficial to your business. It’s a cheap (often free) way of marketing your business, and you can reach potential customers directly, while also getting feedback about the goods or services your business provides. However there are a number of risks involved with the use of the technology, including the possibility of defamation, invasion of privacy, and copyright infringement.

It’s quite understandable for business owners to be a bit overwhelmed by the rise of social media, and to be unsure if their Rhode Island commercial insurance covers risks associated with it. Many businesses do not have cyber liability insurance, even though they probably should. A standard insurance policy may not cover data losses, because data is not tangible. Speak to one of our agents to help guide you through the ins and outs of protecting your data and online content.

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