Search Results

As the human and economic toll of the coronavirus mounts, no sector of the economy has been immune from the downturn, and this includes family offices. Depending on the size and scope of the family office, there are a number of factors—including human capital, data, and cybersecurity and technology management—that need to be considered ...

Black swan events—like the 2008 financial crisis and the COVID pandemic—often come with high velocity and are slow to recover. While these events are difficult to predict, the best way to get ready for the next crisis is with extreme preparation. Looking ahead with intentional risk management, here are 8 ways to prepare your business, family enterp...

COVID-19, also known as the coronavirus, has caused unprecedented global disruption. Keeping your stakeholders informed with clear, consistent messaging is essential for risk mitigation, so be sure to use a crisis communication strategy.

When developing a model coronavirus response plan, there are three areas family businesses and family offices should consider. In addition, it is important to have an FAQ communication for employees. A sample FAQ is provided, keeping in mind that each employer will have different answers to the questions asked based on its unique consider...

Businesses are feeling the effects of the coronavirus and are wondering if some relief may be available from their insurance policies. Warner's Insurance Law practice group provides summaries of five common types of business insurance and looks at issues each type might address.

Given the far-reaching business impacts of measures already taken to control the spread of the COVID-19 virus, many companies are looking to their insurance policies for potential responses to the ongoing financial loss. This guide provides an overview of some key coverage, claims, and risk management areas that are currently top of mind for busine...

The internet and mobile networks continue to hold up well in an unprecedented surge of people working, studying, and streaming from home. But amid the COVID-19 quarantine, there is increasing concern over how long the infrastructure undergirding the internet and mobile connectivity will hold up. As family offices around the world face the new reali...

No one foresaw the pandemic crisis that is currently testing the value proposition of the family office. The implications will change the way the future is shaped, one that will include a focus on the ability to function as a remote organization. The way forward is emphasizing the need to not just have a plan, but to examine, test, a...

The CARES Act is a $2.2 trillion fiscal policy response to help American citizens and businesses struggling with the severe impact from the coronavirus pandemic. The law created several important programs to help provide liquidity to small and midsize businesses to cover payroll or other business expenses. Each program carries its own set of restri...

In light of COVID-19 and state and local stay-at-home orders, many businesses have greatly increased the number of remote workers. Firsttime remote workers—and some seasoned remote workers—need to be aware of hidden pitfalls in the gadgets and apps they are using while working from home.

It is an unfortunate reality that in trying times some people will attempt to take advantage of situations for personal gain. Be alert to scams including (1) phishing emails that purport to provide help or solutions to the coronavirus/COVID-19 situation, but are actually intended to induce a click that leads to ransomware, (2) price gouging, and (3...

By governmental command or voluntary decision, businesses of all kinds have been altering or limiting operations or closing their doors entirely. Often the business decisions are made apart from any thought of the potential insurance implications. In particular, businesses with commercial property insurance policies may not have been considering wh...

As of the week of April 6, there continue to be diverse opinions among leaders within the United States on which policies and procedures will provide both a safe environment for employees and allow productivity to return to levels that are closer to those generated before the COVID-19 crisis. This Executive Summary provides an overview of the initi...

The average household leak can account for nearly 10,000 gallons of water wasted every year, according to the Environmental Protection Agency. The good news is that water damage losses can be prevented or easily mitigated by installing water detection devices in your home.

When winter sends an arctic blast across much of North America, home and business owners can increase monitoring to prevent damage from frozen pipes. Follow these tips to prevent your pipes from freezing in the winter, and learn what to do if you experience a frozen pipe.