#risk-management
Strategies for identifying and mitigating business risks including insurance
Tech E&O covers failed work, cyber covers breaches, media covers published content — tech firms need the first two paired, ideally from one carrier.
A UFLPA detention gives importers 30 days to prove goods sit outside the forced-labor presumption — with a full supply-chain map, not a vendor letter.
A letter of credit makes the importer's bank promise payment against shipping documents; a confirmed credit adds your home bank's guarantee on top.
Match the payment method to each deal — cash in advance, LC, documentary collection, or insured open account — so one default never wipes out your margin.
A $40-to-$160 water backup endorsement buys back sewer-drain coverage every standard policy excludes — buy a $25,000 limit for a finished basement.
A cease-and-desist letter is not a court order. Verify the claim, preserve evidence, and reply on your timeline; silence or a hasty apology can cost you.
Eleven US states now bar most employer credit checks. Where they stay legal, the FCRA requires written disclosure, consent and adverse action notices.
Business deposits above $250,000 per bank are uninsured. Split cash across banks, use ICS or CDARS sweeps, or hold T-bills to close the gap.
Event cancellation insurance repays sunk deposits and lost revenue when disaster strikes — but disease, weak sales, and late buys are excluded.
If an employee crashes their own car on a work errand, your business can be sued. HNOA covers that liability gap — what it covers, excludes and costs.
A 10-year oyster lease books as an ASC 842 right-of-use asset; 12-month grow-out costs track by cohort until harvest.
Trade secret protection isn't automatic: courts ask what you did to keep it secret. Signed NDAs with the DTSA notice and a 7-step exit checklist prove it.
