On trade secrets and preserving their confidentiality

The 10 Most Common and Most Costly Business Insurance Claims

When small businesses obtain an insurance policy, they hope never to have to think about it again. Unfortunately, claims occur more frequently than many business owners expect. According to a study by The Hartford, a financial services company, 40 percent of small businesses will incur a property or liability loss in the next 10 years.

Based on analysis from The Hartford's study, below are the 10 most common business insurance claims.

Will 2017 Be The Year of Trade Secret Litigation?

Last year, the Defend Trade Secrets Act was put into place by Congress. The law provides companies with a bevy of new legal tools and remedies to address issues relating to trade secret theft and litigation. While this may help a number of companies out there, it will almost certainly lead to an increase in the number of lawsuits relating to trade secrets in 2017, and possibly beyond.

Trade secrets are incredibly important pieces of information that any business will want to protect as vigorously as possible. Given their inherent value, it is equally invigorating for other companies to know those trade secrets. These bits of information inherently derive their value from the fact that few people actually know them.

On Business Interruption Claims and Legal Help

Life happens, and when it does, it can affect you in ways that you never expected. An unforeseen tragedy or catastrophe could destroy your car, ruing your home or leave you in desperate need of your insurance provider to help you.