Family Office Best Practices

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Business Insurance Claims and Coronavirus
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The evolution of the Coronavirus has led to more complex questions than answers and every day brings new developments on how to handle related losses. As the insurance world reacts to the pandemic crisis, here are the latest takeaways on workers’ compensation, business interruption/property claims, liability, cyber, and event cancellations.

Compliance Issues for Employers Regarding Coronavirus and the Workplace
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As the number of reported cases of the novel coronavirus (COVID-19) continues to rise, employers are increasingly confronted with the possibility of an outbreak in the workplace. Learn how COVID-19 continues to affect employers' disease prevention efforts and potential compliance issues and legal obligations.

Tax Outlook Survey: Reimagining Tax for the Disruption Decade
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To adapt to the unprecedented pace of change across the tax landscape, companies must focus on embracing a total tax liability mindset—a holistic understanding of the sum of all taxes across the entirety of the organization. Once viewed as a compliance-driven, back-office function, effective tax planning is now crucial to business performance and strategic decision-making. The tax professional of the next decade must take on the role of strategic leader.

5 Things Organizations Can Do To Brace Against Coronavirus Fallout
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Businesses around the world are dealing with the spread of the coronavirus as ripple effects from the disease outbreak are expected to further choke global supply chains and hinder workforce mobility. Even if businesses currently lack an emergency plan to respond to the situation, they can still take steps to mitigate risk and minimize negative effects of the coronavirus spreading.

2020 FOX Foresight: Cultivate Family Readiness for Change
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As families of wealth and their Family Offices consider future success strategies, how ready are they to adapt? To help families prepare for the various stages of changes in the family journey, Dr. Jim Grubman shares the approach he uses—including the application of the Readiness Ruler—in this Q&A with FOX.

2020 FOX Foresight: Develop a Continuous Learning Commitment
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As families and Family Offices look to increase future generations’ positive impact, high among their common goals, and common struggles, are delivering education and increasing engagement. Based on FOX’s thirty years of working with families, Family Offices, and Enterprise Families; conducting research; and engaging in consulting projects, FOX has found that the most engaged families implement six key best practices to prepare the future generations. Once these family learning practices are in place, a family will be more successful launching education and engagement initiatives.

2020 FOX Foresight
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FOX Foresight keeps you up to date on our latest thinking about matters affecting Enterprise Families. It gives you our forward look on what we're learning from our members and subject matter experts. Please share it broadly with your family, your office, and your advisors. 2020 FOX Foresight is presented in 7 chapters:

2019 Family Office Benchmarking Study
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The insurance marketplace conditions are changing throughout the U.S., particularly for those with homes and other property in catastrophe-prone locations. The results outlined in this study highlight factors to consider when devising an approach to protect family members, properties, and reputational concerns in the face of current and future threats.

Top 10 Internal Controls to Mitigate Cybersecurity Risks in the Family Office
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Although malware is predominantly delivered via email, the types of entry points continue to evolve, and many will not be caught by a family office firewall. So, it is crucial to build a first line of defense, and it starts with employee security awareness training, testing, and auditing. Mitigate the cybersecurity risks in the family office by deploying the top 10 internal controls.