Department of Labor Releases Final Rule Regarding Overtime Exemptions under the Fair Labor Standards Act

Recently, the Department of Labor (DOL) released its final regulations making changes to Part 541, governing overtime exemptions under the Fair Labor Standards Act (FLSA). Here are the key elements of the new regulation that you need to know now: 1. Salary Threshold Changed to $913/week ($47,476 per year) This threshold doubles the current salary threshold…

Cyber Liabilities Loom for Small Businesses

Each year new technologies, and improvements on old ones, come along to make our jobs easier and enhance productivity. Today it is easier than ever to store and retrieve personal financial information, but protecting that information poses increasing challenges. Security in cyber space is something everyone needs to be concerned about. “Statistically speaking, just about…

Common Cyber Insurance Objections

With the rise of cyber attacks, Cyber Insurance is become more and more of a necessity in a business’ risk management strategy. Here are some of the common objections we hear when talking to clients about this invaluable coverage and our responses. OBJECTION “I am not a target for hackers.” RESPONSE – Many data breaches…

Intentional Acts and Weapons Liability

Even though the Legislature legalized concealed weapons in 1996 and open carry in 2015, there is nothing new about a business owner keeping weapons under the store counter or in the vehicle used to take deposits to the bank. The laws, however, raise questions about liability insurance for weapons-related incidents, so it’s a good time…

Cyber Checklist for Risk Managers

If the value of personal information makes us vulnerable, the value of health care information exponentially expands the bullseye. According to Reuters, medical records are worth up to 10 times more than credit card numbers on the black market. As a health care organization, it is our responsibility to protect the integrity of our patient’s…

Your Cyber Security Rests on Your Weakest Link and Your Lawyers

According to the Association of Corporate Counsel, “employee error” is the most common cause of data security breaches for employers. Other common causes of security breaches included insiders stealing company data and phishing attacks. The survey of 1,000 in-house lawyers for organizations in 30 countries found that most respondents anticipate that their role in cybersecurity,…