Companies should perform a thorough review of business practices and how they could give rise to intellectual property exposure, and also consult with their insurance broker on how to insure against risks.
The Marsh 2022 "Political Risk Report" indicates areas—both geographical and by economic or political risk factor—in which companies need to be paying more attention to their potential exposures.
Public companies and their stakeholders often struggle with effective environmental, social and governance programs in the absence of clear and common standards and regulations. But the landscape is rapidly changing in a way that will likely impose new risks and costs on companies.
Although it appears relatively seamless (and perhaps beneficial) to the end user, the shift to the cloud brings a seismic change in terms of ownership of the technology components and ultimate control of the data.
As the risk of cyberattacks grows, and procuring cyber insurance coverage becomes more difficult, policyholders have tried to rely on non-cyber policies to cover their cyber-related losses.
Today more than ever, D&O coverage can be a vital risk transfer mechanism for businesses seeking to obtain protection in the face of the evolving labyrinth of statutes, regulations and common law rules.