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Risk Management
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We hear a lot today about the cybersecurity risks we face but to protect our families, it’s crucial not to forget the importance of effectively managing personal and physical security. In this chapter, we explore a risk-based approach to the personal and physical dimensions of family security and offer actionable insights you can put into practice straight away.
Family enterprises face an increasingly uncertain and risky world due to developments in the economy, geopolitics, financial markets, technology, and industry competition. In order to navigate this turbulent paradigm, family enterprises need to develop a culture of creativity and vitality that will allow them to adapt and eventually become a more resilient family. In addition, they can develop strategies to mitigate systemic risks.
The employer’s safety protocols are an essential tool to help reduce the community spread of COVID-19 in the workplace, prevent and defend against lawsuits, and demonstrate compliance with OSHA safety requirements. To help develop your organization’s written policies and protocols, use this self-inventory toolkit with best practices and tips as your guide.
As an employer, what do you do if you suspect that one of your employees has COVID-19? When is it safe and compliant for your employee to return to work after COVID-19; after a case that is suspected or confirmed? To support you in answering these questions, use this flowchart to help you enable a safe working environment, be in compliance, and reduce risk and liability for your business.
Get the facts before hail damage hits. Hailstorms come on suddenly, and homeowners often feel pressured to make repairs just as fast. See how applying top precautions can help you make informed decisions in the event of hail-related roof damage.
At some point in a business relationship, differences of opinion are likely to arise. In businesses where there are equal owners of the company or in a 50/50 business, it is important to ensure that there are carefully drafted governing documents that detail the process for resolving a conflict or impasse. Learn the common mechanisms for resolving such standoffs and give careful consideration when drafting dispute resolution or divorce provision.
As COVID-19 cases have spiked across the country, many businesses have adjusted certain operations with an eye on customer and employee safety, as well as to ensure compliance with recent changes to government orders. Some businesses have faced challenges that they have not seen since last spring. As the average daily death totals in the U.S. remain high, there a few things to consider when proceeding to re-open and establish new processes in the face a dynamic environment.
After a very difficult 2020, rapid vaccine development has sparked optimism among the public and in the business community. But there’s a long road ahead while infections remain high. During this transition period—when vaccines are becoming more widely available, but before the country achieves herd immunity— businesses should consider and anticipate a few things, including that certain individuals may not comply with COVID policies.
When a ransomware attack happens, it forces many organizations to make a difficult choice—pay the ransom or experience prolonged business or data loss. But there is also another complication for organizations to consider—the government regulators warning companies that payments made to ransomware attackers may constitute violations of U.S. sanctions. Further complicating matters is the move by many organizations to cloud storage. When moving data to the cloud, an organization still retains liability for that data in the eyes of the law.