Business Law Insurance Law Real Property Law

Should Your Client Consider E-Commerce or Cyber Liability Insurance?

Given the increasingly digital landscape ThinkstockPhotos-473158926
of today’s economy, the most valuable asset for many businesses is their computer data. According to a 2015 study, the average cost of a data breach for small businesses is about $38,000 in hard costs and can total upwards of $55,000. Yet many businesses opt only for traditional property insurance policies. This could be a big problem for your client’s small business.

Business Law Legal Topics

Foreign Bribery Actions Hit Record Numbers

The Securities and Exchange Commission and the Department of Justice are bringing record numbers of actions under the Foreign Corrupt Practices Act these days, and the trend is likely to continue.  In one case (.pdf) Johnson & Johnson subsidiaries are accused of paying bribes to public doctors in Greece who use the company’s surgical implants. Maybe it’s time for businesses to get a refresher course on a very simple rule: You can’t bribe foreign officials to get or keep business deals.