Property managers are an essential component of the real estate industry. As their knowledge and support are often relied upon, Property Manager Professional Liability should be included in each of their business insurance portfolios. While practice makes perfect, mistakes can happen. Therefore, here are some common mistakes that these professionals make and how these mishaps can be avoided.
Failing to Sign Written Agreements
Property managers are required to provide written agreements with their tenants and clients. Even if the property manager is doing a favor..
A new study has determined the extent of Privacy and Network Security Program issues as it relates to profits and business. While every company is susceptible to data breaches, the effects of these attacks are becoming more prominent, causing potential clients to become concerned with starting or continuing doing business with certain companies that have suffered attacks.
Andrew Serwin of Morrison and Foerster’s global privacy and security group acknowledges that this is becoming a revenue issues, not just a regulatory one..
While some employee conduct may be uncharacteristic of a typical workplace, not all unusual behavior is illegal. However, if the behavior causes coworkers to feel uncomfortable or creates a hostile environment, lawsuits can ensue. Therefore, it's essential for insurance agents to have a strong Employment Practices Liability Program to offer their clients and for business owners and operators to evaluate questionable complaints in the following manner:
Take Each Complaint Seriously
While some complaints may seem harmless or minor, it is critical to take each complaint seriously. Further, directors..
The National Labor Relations Board (NLRB) is now taking a closer look at Fair Labor Standards, and resolving cases with more scrutiny than ever before. For example, two lawsuits in particular have caused the federal courts to scrutinize cases more heavily in regards to labor practices. As these cases become more prominent in such a litigious society, employers are advised to secure their assets and practices with an Employment Practices Liability Program.
According to Lexology, not only are courts..
While no company should promote commercial crime and bribery, laws and regulations vary by country. Therefore, some of these violations occur purely by accident but can have tremendous consequences. However, as some countries do not operate under the same laws as America is accustomed to, corporations need to determine what is considered good business practices with that nation in order to reduce Commercial Crime Liability. Here are some ways to prevent conflicts of interest when it comes to commercial crime.
Update Anti-Bribery Policy
Policies should be strict..
As many law firms are aware, there is a constant battle between saving money and not skimping on productivity and results. As we discussed in a previous article, analyzing billing practices is a key component to achieving best practices among the law sector. Now, with even more advanced technology and its results evaluated, these advancements have made for a more efficient and cost-effective business, which can limit Lawyer Professional Liability.
Mitratech CEO Jason Parkman told Inside Counsel that legal departments are often..
Social media is undoubtedly one of the best platforms to engage with customers and promote the firm’s legal services. However, as more and more content is demanded, writers may be unaware of the potential infringement laws on copyrights and trademarks that are commonly used. In order to reduce Lawyer Professional Liability, we offer some insights into avoiding these mishaps.
Understanding Intellectual Property Laws
These copyright and trademark laws cannot be used under the fair use claim as social media advertising..
Since text messages are rapidly becoming the most commonly used form of communication for personal and business use, it should come as no surprise that new laws are surfacing surrounding the usage of these messages in legal cases. In order to protect the firms’ operations and safeguard against potential litigation regarding text messages, a proper Directors and Officers Program should be included in the insurance portfolio.
According to Inside Counsel, under Federal Rules of Civil Procedure (“FRCP”)..
As cyber threats become more prominent, nonprofits are concerned about becoming the next victim. As any company that uses a computer system is eligible for being a target, Privacy and Network Liability coverage is an essential component to add to the insurance portfolio.
According to Insurance Business Magazine, any non-profit or social service organization that either has a computer network, handles confidential information, or collects and transacts with personal identifiable information is at risk of a data..
The new Fair Pay Act seeks to reduce the inequality in pay between men and women in California. As the disparity in pay has been in existence for more than seven decades, new laws seek to remedy the unfairness. During this time of transition, it is imperative that California employers equip themselves with a sound Employment Practices Liability Program.
William B. Gould IV, former chairman of the National Labor Relations Board at Stanford law school, states “It’s much more expansive..
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