Insurance,
Corporate
Apr. 14, 2023
Is your business going remote? You may need new insurance
One of the most significant emerging risks for remote or virtual operations is the threat of cybersecurity incidents. Businesses are increasingly dependent on technology, making them increasingly vulnerable to hackers, data breaches, ransomware, and other cyberattacks.
The benefits of remote business practices, including greater flexibility and less overhead, are obvious. But virtual practices may also give rise to unique risks that traditional brick-and-mortar businesses do not encounter to the same degree, and standard off-the-shelf insurance products may no longer offer adequate protections. In-house counsel should understand that their company's practices may be outpacing traditional insurance policies and adopt strategies to p...
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