Even if you do not live in a flood plain, the potential for flooding can happen anywhere in the country. Flooding is the most common natural disaster in the U.S. and occurs in every state and territory. Preparation is a must to prevent flooding loss.
Companies in the cannabis industry and individuals working in cannabis-related businesses have sought to turn to the federal bankruptcy courts for relief when they became insolvent. While federal bankruptcy courts have taken jurisdiction for bankruptcies of companies focused on federally legal, industrial hemp, the United States Trustee Program has...
In the absence of nationwide directives from the federal government on how businesses should operate during the COVID-19 pandemic, states and municipalities have been issuing numerous orders—with variations big and small—detailing the scope of restrictions in place in each jurisdiction. Although businesses in the cannabis industry are u...
For most goals driven wealth management clients, meeting annual lifestyle needs is the top priority. This core lifestyle goal is funded by a dynamic asset allocation of risk-control assets within the Portfolio Reserve and risk assets, designed to protect annual lifestyle spending during times of market distress. This paper discusses its design, ben...
After seeing too many festivities ruined by the late arrival of tort lawyers, it’s time to pause the celebration preparation and review how to minimize the risks. Whether the planning is for a wedding, graduation party, fundraiser, or summer soiree, it’s important to prepare for what can (and often does) go wrong at celebrations and kno...
Collecting can be an enjoyable hobby, an educational pursuit, or even a financial investment. So how do you look after a collection now that you’ve assembled one? While every collection is unique and has its own specific needs, you can take some simple loss prevention steps—including tips on shipping art and other valuables—to hel...
Most professionals understand that work emails can be “discovered” in litigation, meaning that adverse parties can obtain these communications if they are relevant to the dispute. Recently, courts have begun ordering parties to produce other types of communications during discovery, including personal emails and messages. It is importan...
When a company is acquired, the buyer takes on new risks and exposure. In today’s M&A marketplace, EBITDA multiples are at peak levels. With valuations so high, it’s more important than ever to manage risks—known and unknown—that could affect ultimate returns. With that in mind, there are three key risk management questi...
Posting fabulous vacation moments on Facebook—from a boat in Belize, to the top of a mountain in Chamonix—might be a fun way to share experiences with your friends, but it’s also a great way to let bad actors know your home is empty and ripe for a break-in. Similarly, broadcasting details of a college semester abroad on Instagram ...
The Fine Art insurance market is beginning to harden. Personal insurance companies are offering less coverage in catastrophic areas and Lloyd is closing some of their business units, including some who write insurance for Fine Art. Due to the major catastrophes that hit close to home for many collectors, cultural institutions, and museums, Fine Art...
While far-reaching cyberattacks targeting the Internet of Things (IoT) devices hasn’t happened yet, it will in the not-too-distant future. Given the rapid pace of change and possibility, cyber risk insurance policies written a few years ago may not have adequate language to cover potential losses and damages that today’s IoT vulnerabili...
With the implementation of California Consumer Privacy Act (CCPA) set to go into effect January 1, 2020, anyone doing businesses with California residents should not only be preparing their digital strategies to comply with the new law, they should also be assessing their risk and reviewing their cyber insurance and adequacy of limits. Why? Now, at...
Employers of all sizes inadvertently put themselves at risk by not having a policy establishing how long to continue benefits during a leave of absence (LOA). So, before the important questions arise, employers should establish an LOA Policy that considers employee needs, carrier contractual provisions, federal and state benefit regulations, and th...
Ransomware has become prevalent and can cause significant downtime and leaving businesses with no choice but to pay the ransom. The bad actors aren’t just trying to steal personal, identifiable information but are frequently monitoring email correspondence to manipulate invoices and redirect payroll to accounts they control. Employee training...
Whether an employee leaves for another job or because the employer decided it was time for the employee to go, employers typically need to figure out how to replace a departing worker. Sometimes, the break is clean. Other times, it can be complicated. Regardless of the reason or circumstance, now-former employees may have post-employment obligation...