Get instant
small business insurance quotes

Home > Professional Liability/Errors & Omissions Insurance > News

More SMBs making shift to the cloud


According to a recent survey conducted by RingCentral, 60 percent of small to medium-sized businesses don't have an IT manager; however, 57 percent of respondents run their business critical applications in the cloud.

"We're seeing that the cloud is fundamentally changing the way businesses operate," said Naveen Gupta, chief product officer at RingCentral. "Legacy hardware and systems no longer fit the way modern businesses work. Small and mid-sized businesses are adopting solutions that are flexible, mobile and affordable, and the survey data clearly speaks to this trend."

Evolving technology is continuing to alter the infrastructure of many SMBs, with the survey finding 67 percent of business owners use document-sharing cloud apps that support a mobile workforce, while 64 percent of SMB owners believe they could manage their entire workforce remotely in the upcoming year.

With SMBs increasingly relying on cloud technology and remote workforces, businesses should be sure to invest in cyber liability insurance, which can protect companies from potential cybercrime issues - such as loss of customer data - that could arise from the increased reliance on technology in the workplace.

WHY Business Insurance Now?

Learn why thousands of small businesses trust Business Insurance Now as their insurance agency.

Take 15 minutes to see how we can help you protect your business.

  • FREE, no-obligation quotes.
  • Complete one online application to compare multiple quotes.
  • Fast response—typically less than 24 hours on week days.
  • We are a nationwide insurance agency covering 48 states.
  • We work directly with you to evaluate your insurance options.
  • We only work with the top business insurance carriers in the country.
  • Expert, licensed insurance agents to guide you through the process.