Does Your Online Agreement Pass Legal Muster?

With the Internet explosion, many businesses have created an online presence to facilitate customer relations. Naturally, this has led to the development of online agreements for the purchase of goods and services. Online agreements can bind consumers just as traditional, written agreements can. However, online agreements can suffer from seemingly minor errors that have the…

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Your Company and Cyberinsurance

Our interconnected society has made life easier in many ways. We can store and access data like never before. However, with technological advance has come risk. And where there is risk, there is insurance. A core concept behind insurance is that it spreads risk. Consider an auto insurance policy. A significant crash could bankrupt an…

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Business Insurance 101: What Does It Mean When an Insurer Issues a “Reservation of Rights” Letter?

If you are an entrepreneur and are unfamiliar with the phrase “reservation of rights,” this is the article for you. A reservation of rights letter, which is often issued by an insurance company to its insured, allows the company to “reserve” its rights to later deny coverage under an insurance policy. Unfortunately, many business owners…

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Insurance Basics: What Is D&O Insurance?

New business owners often think about insurance but delay buying it until they feel established. This is often a fatal error. New businesses with cash flow issues need protection perhaps even more than established companies. There are several different types of coverage available, including directors and officers (D&O) coverage, which is designed to guard against…

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