Monday, June 29, 2020

Isn't Cybersecurity Enough?

Isn't Cyber Security Enough?

Many business owners believe their cybersecurity measures are enough to prevent a data breach; however, there are still times out of their control that would require additional measures - cyber and data breach insurance.

Take extra measurements, find cyber awareness training for your loved ones, your employees, elderly and kids in the family and teach them from real-life situations what all we can do at our end to not get scammed.

here's one FREE resource:

FREE cyber awareness training ~ Pure FUN & subconsciously educational!
If you like what you learn, share the knowledge with others! 

Mitigate your cybersecurity risk and transfer your financial risk by having robust cyber insurance!Have good cyber security in the place for the times that are out of your control. cyber security and cyber security insurance are critical aspects of your business. Cyber insurance is just as important as cyber security posture. 

Tuesday, June 23, 2020

Starting a Business | Part 5: Business Insurance

Starting a Business | Part 5: Business Insurance

Do what needs to be done, even if you don't wanna do it!

Every business needs insurance since they need to cover a variety of things from product liability to company vehicles etc. The most needed & common types of commercial insurance are property, liability, cyber and workers' compensation. In general, property insurance covers damages to your business property; liability insurance covers damages to third parties; and workers' compensation insurance covers on-the-job injuries to your employees.  Just as you would get car or home insurance along with all the safety features, you would need to do the same for your business and protect your assets.

When planning out your business, don't forget to include applicable business insurance to mitigate your risk! You may need any combination of general liability, BOP, tech E&O, professional liability, workers comp' along with cyber insurance. Take time to assess your risk, connect with the experts in the commercial insurance industry and ensure you have considered possible threats and vulnerabilities that could seriously affect your asset should you face any challenges in your business.


Friday, June 19, 2020

Starting a Business | Part 4: Workspace and Marketing

Starting a Business | Part 4: Workspace & Marketing

Small steps EVERYDAY lead to MASSIVE results DOWN THE ROAD!

After you've registered your company and gotten situated with the bank you would like to use and perhaps take advantage of their offerings, you are ready to rock & roll!  You are ready to announce the world that you are ready for business and serve your clientele.

  • Finding a Workspace

Depending on the nature of your business you might need to lease a workspace. It could be home based or you might need to find an office space or retail, perhaps even a warehouse etc.

  • Branding and Marketing
The big step is getting the word out and in a digital world like ours, you need to build a solid digital profile. This means building a great website. Other than that, you’d need all sorts of marketing material including business cards, letterhead, pamphlets, along with marketing services such as SEO, SEM, etc.  Digital Marketing efforts are crucial to growth for any startup.  

Stay tuned for the FINALE on 'Starting a Business' series :) 

Wednesday, June 17, 2020

Starting a Business | Part 3: EIN and Bank Account

Starting a business: Federal EIN Number and Business Bank Account

A little progress each day adds to BIG results!

With your name picked out and a legal structure determined, it's time to register for your Employer Identification Number (EIN) and research commercial bank accounts!

  • Federal Employer Identification Number (FEIN)
  • Commercial Bank Account

The next step is obtaining your federal employer identification number from the IRS. An FEIN number is necessary to open a commercial bank account and tax filings for your business.  Visit to get started.

The next step is opening the company bank account in a bank of your choosing. From the very start, your business should be on the lookout for a supportive and reliable bank. Whether your needs are simple (a separate business checking account) or complex (a line of credit), finding the bank that fits your business's needs is crucial. There are many different kinds of bank accounts such as checking accounts, savings accounts, money market accounts, brokerage accounts and certificates of deposit. So choosing the right bank account can also help you speed up your transactions and cut down on various bank fees.  

Stay tuned for the next series :)

Monday, June 8, 2020

Starting a Business | Part 2: Naming Your Business

Starting a Business | Part 2: Naming your Business

The secret of getting ahead is getting started!!! 

Structure your business idea after business plan and necessary licenses & permits. After creating your business plan, it's important to develop a good name and determine legal structure of your business. As you finalize your business name, ensure web domain availability.

  •    Name & Legal Structure
The first step of any business startup to be in existence is choosing a name and its legal structure. 

There are several ways to go about it and there's no wrong answer as you name your business. You could use a business naming software, or do brainstorming for choosing a name, or you might have already thought of it. 

In any case it is better to choose a name and find a web domain before you legally register the name. It is heartbreaking for an entrepreneur or a startup to be so excited and happy about the name, only to find out that the domain is not available.  As you begin to finalize the names, simultaneously check for domain availability. 

Legal structure is about the type of business you’re about to open. It could be a sole proprietorship, a partnership, a limited liability company or a corporation, each have a different registration format.  Visit your state's Secretary of State website and follow instructions on getting started.  You may want to consult with your CPA or get legal advice on what's the best strategy in choosing your business type.  

Stay tuned for next series!!!

Friday, June 5, 2020

Starting a Business | Part 1: Business Plan and Licenses

Starting a Business | Part 1: Business Plan and Licenses

Starting your business is a fun yet often stressful venture! To begin this series, we introduce the importance of writing a business plan and having permits in place.
  • Business Plan
Writing a business plan is very crucial if you’re opening up a business you must have at least a vague idea of how it is going to go for the first few years, write it down and you have your business plan. Of course, you might need to draw some financial projections as well but it's nothing too complicated.
  • Licenses and Permits

Next step is obtaining all the necessary licenses and permits. Depending on the type of business the licenses you need might vary i.e. some businesses require having a federal license other need a state license. If you’re selling a product you might also need a Sales Tax Permit.  
Stay tunes for next series...

Tuesday, June 2, 2020

Social Engineering & Cyber Attack

Cyber world has brought wonderful things to us - so it has the bad. As we progress digitally, we face challenges of increasing hacks and cyber crimes. As IOT are connected, we’ve gotta be educated on what we need to watch out for: social engineering & cyber attacks!

Social engineering is a manipulative tool used to trick a user in giving away sensitive information. Covid has opened the cyber security gate wide open and our remote work security vulnerabilities are facing the cyber threats. Mitigate cyber threats. protect your business by having comprehensive cyber insurance coverage. Don't wait, mitigate!
BlackFire Cyber Insurance has created a secure digital tool to provide immediate pricing along with payment options.

What is RISK in business?

We often talk about risk of cyber security or breach of our data. But what is risk in business? Let's look at the definition of what R...