Risk & Business Magazine Mooney Insurance Fall 2015 | Page 5

16

Rob Follows
The Importance of True Life Planning

We All Have Mountains
To Climb

CONTENTS
Letter from the Owner

5

Mooney - News & Notes

6

Competitive Advantage

9

Keep Up With What’s Happening
Juggling Six Balls

Save Time With Tools

12

Revenue From Recurring Resources

14

Retaining Your High Performers

20

Don’t Let “Price” Derail Your Sale

22

Financing Growth

24

Ask an Expert

26

Live an Extraordinary Life

28

Digital Extortion and Ransomware

30

Make Your Life Easier With Time Saving Innovations
The Benefits of a Subscription-Based Business

Practical Ways to Retaining Your Best Employees
Avoiding Classic Mistakes

Financing Early Stage Growth for Entrepreneurs
We are Here for All Your Insurance Needs
So Countless Others Will as a Result
Cybercrime on the Rise

I

welcome to R&B

n today’s technologically progressive society, we access all of
our news, weather reports, stock portfolios, and latest family
gossip online; it only makes sense that we are now seeing
insurance underwriting abilities moving to online platforms.
This exciting advancement in the insurance industry,
though, reminds us more than ever about one important
topic: Cyber Security.
Any business that collects and stores the personal or
confidential information of others, whether it’s customer,
business partner, or employee information, is at risk for
cyber exposure. In this, the fastest-growing risk environment
than ever before, the livelihood of your business depends on
whether or not you have adequate cyber risk coverage. It’s
imperative for your insurance broker to address these needs
in order to avoid the risks associated with coverage gaps in
your policy.
It’s all too common to hear business owners think ‘it won’t
happen to me’. Think again. Let’s take a look at T-Mobile,
for example: On October 1st, 2015, Experian Plc, the world’s
biggest consumer credit monitoring firm, disclosed an
enormous breach of data that ended up exposing sensitive
personal information of approximately 15 million T-Mobile
customers. If it is possible for multi-national corporations like
T-Mobile and Experian to face cyber risks of \