The increase in cyber breaches has raised concern among businesses. Naturally, this development has caused a shift to move toward implementing a more adequate Privacy and Network Security Program nationwide. Let us take a closer look at how to manage the privacy concerns that are predicted to be the most eminent business risks for 2016.
As any company can be a target of cyber-attacks, each one should have a plan of action to prevent and manage these incidents. However, this..
A comprehensive risk management program is an essential component to any type of business. Analyzing potential risks and the likelihood for them to materialize will assist in creating effective decision making in terms of projects, financials, and security. Therefore, obtaining a Risk Management Insurance Program will ensure that these operations are protected. In order to properly identify and manage risks, consider the following recommendations.
Identifying the risks associated with the business is the first step. These can include, but are not..
A sound marketing strategy can be the difference between high and low business growth for accounting firms. However, more money invested doesn’t necessarily mean more business. What’s more important are the particular strategies that firms use. While implementing these tactics, ensure your clients’ Accountant Professional Liability Program is updated and effective.
94 percent of business buyers do some form of online research when buying services, says the Acquity Group’s annual State of B2B Procurement study. Therefore, optimizing websites with Search Engine Optimization (SEO)..
With the recent increase in corporate scandals and poor business practices, CPA’s are more likely to experience legal claims than a decade ago. For example, according to CPA Mutual, a national risk retention group and accounting firm liability coverage provider, firm claims with actual expenses paid have increased by 41 percent since 1998. In order to safeguard your clients’ operations, they should maintain an Accountant Professional Liability Insurance Program. Here are some ways in which CPA’s can prepare..
As new laws continue to evolve surrounding workplace fairness and accommodations, employee practices lawsuits are continually increasing. The Equal Employment Opportunity Commission continues its aggressive enforcement of these laws nationwide and employers are struggling to keep up. As such, every employer should be equipped with an EPL Insurance Program to mitigate risk, loss, and responsibility.
The EEOC and the Americans with Disabilities Act is proving to be a hurdle for most employers. While particular laws depend on the state, the interpretation of..
The holidays are meant to be filled with cheer and loved ones. However, employers should be aware of the legality of common professional scenarios that occur during this time of year.. In order to reduce your clients' management and company liability, provide them with a comprehensive Directors and Officers Liability Insurance Program.
Accommodating religious beliefs in the workplace is an idea that’s long been protected. Requesting days off to observe religious holidays of all types is supported in the United States. Title VII of..
Even with a contract deeming employment “at will,” it is not always enough protection for a company upon terminating an employee. Retaliation including harassment and discrimination lawsuits can likely occur and businesses should be prepared to manage the situation. To reduce Employment Practices Liability, it is important to take the following recommendations into consideration.
Prior to terminating an employee, the employer should equip itself to defend against any potential claims. Some documented, professional reasons that can withstand scrutiny should be identifiable. Next, policies that discuss..
Dress codes and appearance policies are nothing new to the workplace. While there is no legal obligation to adopt such policies, most employers wish to promote a certain aesthetic among their employees. However, in doing so, some have argued that discriminating against tattoos and other forms of body art are only hindering the employer. In order to reduce discrimination claims, ensure your clients are equipped with an Employment Practices Liability Program.
While some employers want employees to be able to express themselves..
As more and more professionals of all ages embrace the use of social media, concerns regarding ethics and Professional Liability come into play. However, it is important to note the liability issues regarding this development and the ways in which professionals are able to grow their business while also limiting risk.
Increasing emphasis is being put on the usefulness of social media as part of a marketing effort for professionals of all types, says the American Bar Association. For example, consulting firms now..
Historically, it was much too labor intensive and time intensive for in-house counsel to be able to run reports to analyze proper billing practices. However, with new innovative solutions for legal management systems, more data is easily accessible for these professionals. In order to reduce Lawyer Professional Liability, proper billing practices are paramount.
Inside Counsel spoke with Bill Sowinski, Director of Decision Support Services at ELM Solutions, who states that in house counsel can use matter management software to analyze billing trends..
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