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Small Business Owners Risk Identity Theft

Insuring your identity makes it easier to get it back.

This story appears in the August 2007 issue of Entrepreneur. Subscribe »

Should entrepreneurs be more concerned about identity theft than others are? "For a small-business owner, the stakes are much higher," says Mark MacGougan of Hartford Steam Boiler Inspection and Insurance Co. Business owners are popular targets for identity thieves, he says, because they typically have access to substantial lines of credit, they're engaged in a lot of transactions that could put their information at risk, and their personal and business finances are often intertwined.

Most entrepreneurs who fall victim to identity theft don't have time to deal with the lengthy process of resolving the situation. And since identity theft often damages or destroys the victim's credit, a company that depends on its owner's credit to operate could end up in a dire situation.

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