We hope you and your families are safe and healthy as we navigate this challenging time together. FOX stands ready to help you. As place to start, our Crisis Checklist for the Family Office identifies critical issues and actions your office may need to consider.
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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.
Managing Uncertainty and Risks in the Enterprise
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Given this period of uncertainty, we are re-releasing two chapters on Managing Uncertainty and Risks in the Enterprise from the 2019 FOX Foresight.
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.
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.
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.
Demystifying Risk Management for Family Offices
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As family offices grow increasingly complex and manage larger and more varied assets, they are becoming prime targets for a variety of security threats. From this report, learn what family offices can do to protect against the risks, including cybersecurity breaches, theft schemes, and fraud perpetuated by unvetted 'insiders' of the firm.
6 Best Practices for Fraud Prevention
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Theft and fraud are a problem for businesses of every industry and size. Be proactive and apply the six best practices for fraud prevention. With a smart approach, you can protect your business.
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.
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.