By Elissa Campbell
I recently suffered one of the most devastating losses one can endure as the owner of a small business. My computer crashed and I lost almost all of my data. While I do still have everything prior to January 2012, losing 1.5 years’ worth of data is heartbreaking.
And this loss is especially embarrassing because I work part time as a computer consultant! Why, oh why, did I not have a functioning backup system in place?
The fact is that I should have known better. It’s so easy to go through life assuming that nothing bad is going to happen to you. I never thought that everything would be gone in a blink. That I’d be scrambling to recover my inventory files or that I’d be rebuilding the structure of all of the new classes I developed in the last year.
One can consider computer backups as a kind of business insurance. You make copies of everything just in case. You hope you never need it, but it’s there like a security blanket.
An excellent source for specific information about safeguarding your computer files can be found here on the CERF+ website.
You know what else is like business insurance? Business insurance! I’ve mentioned before how important it is to think about the many different types of insurance coverage to consider for your business: property, liability, health, inland marine (away from business location), and worker’s compensation, among others. Another great resource section on the CERF+ website is here and lists different types of insurance and even carriers. This should be your first stop for insurance shopping.
Something you may not know, is that your insurance policy may have data recovery coverage. I discovered this possibility while having a conversation with a friend, (but you should not assume that your homeowner’s insurance has that). I found that my insurance policy offered $10,000 in data recovery coverage – this meant that I could send my drive out to a professional to see if anything could be salvaged from my crashed hard drive.
Unfortunately, nothing could be salvaged from my drive, but I still feel better knowing that I have the option to get professional help when necessary.
What’s your data worth to you? As much, if not more than your inventory? Read your policy. Call your insurer. For your own knowledge, find out if you have data recovery coverage included in your plan. The peace of mind is worth it.