Think like a risk manager to reduce your insurance costs

| posted in Blog

All large corporations and national businesses have someone in charge of risk management, if not a whole department. But hiring a risk specialist or dedicating a number of employees to that kind of work is typically too expensive for most small and mid-sized companies. So, this risk mitigation typically is left to the business owner or the duties are spread among senior managers. One way that you can reduce the risk to your finances is to purchase appropriate insurance coverage, which can sometimes be expensive. However, if you focus on managing your company’s risks, you can do more than solely…
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Employees Responsible for 85% of Trade Secret Theft

| posted in Blog, Newsletter

Trade secret theft by employees is a serious and growing problem in the U.S. According to an analysis of federal court cases, 85% of such theft is committed by employees or business partners. And while that’s disturbing enough, there’s been a significant escalation in the number of trade secret thefts over the years: cases doubled from 1988 to 1995 and again from 1995 to 2004, and they are on track to double yet again in the next few years. According to a study by PricewaterhouseCoopers, suits brought against former employees over restrictive covenant agreements increased 60% in the 10 years…
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