Tech companies are required to notify affected customers after a data breach. Here are a few tips for complying with state laws and avoiding potentially bankrupting expenses.
Repetitive motion injuries and slip-and-fall injuries can happen at any tech company. Keeping yourself and your employees safe at work helps you maintain low workers' comp rates.
In lost revenue and data, the cost of a DDoS attack on your tech business or your client’s business can escalate quickly. In fact, the average small to medium-sized business spends $120,000 per attack.
When you have vicarious liability for something, it means you could be held legally responsible for any resulting harm even though you didn’t directly cause it. For example, a tech company could be held accountable for the actions of an employee.
Clients could accuse your tech company of professional negligence if you fail to provide a service or meet their expectations.
Business insurance is designed to protect your company against insurable risk, or the likelihood of a loss. But it’s important to understand that even the most comprehensive insurance policies don’t cover every type of risk.
Depending on the scale and severity of a cyberattack and the cost of data recovery, settlements or judgments could easily top six figures. Evaluate your business risk to determine how much cyber liability insurance you need.
Antitrust lawsuits may be exclusive to big tech, but there’s no shortage of lawsuits for small companies as well. Learn the reasons behind most software developer lawsuits – plus ways to soften their impact and even avoid them.