Leveraging Technology to Protect Companies from Big Verdicts

September 1, 2021 Profile Stories

Many companies are taken to court for a variety of false claims, fraudulent allegations, and more that result in the businesses paying out exorbitant sums of money, sometimes considered “nuclear verdicts” because they can completely bankrupt a company, destroying it like a nuclear bomb. Massive punitive damages, commonly exceeding $10 million, can damage a company’s reputation all because of a false or extremely misleading narrative. Companies with permanently tarnished reputations may have to change the direction of their business in the future just to stay afloat. To prevent this from occurring, companies in multiple industries are turning to technology to help protect their reputations, predict when fraud is occurring, and prevent unmeritorious claims from being brought against them. This technology could be seen as extreme in some circles, however, using it to protect a business is incredibly common. Security systems with video surveillance have been around for decades and have helped prevent theft of physical items and prove when fraud occurs in some cases. Newer AI-driven technology can increase that level of security and protect a company from lawsuits with potentially big verdicts.

Ensuring Appropriate Insurance Coverage for Real Estate Investments

August 16, 2021 Legal Alerts

Investing in real estate can be an exciting, yet risky, venture that will require hard work on your part to protect your new assets. There are specific factors and liabilities to consider when choosing insurance coverage for your properties. Getting the right insurance policies ensures you and your investments are protected even when the unexpected occurs. The best way to ensure you have the appropriate insurance coverage is to cover all of your bases with basic protections like standard landlord insurance and more specific policies that cover personal liability and property damage. Even vacant properties must have the proper insurance coverage. Sometimes disaster strikes when no one is in the property, such as having a fire break out or a burst pipe that floods the area. These disasters could lead to serious, unmitigated damage. If renovating or improving a property, there are even more insurance policies to consider to cover your investment, including builder’s risk insurance and installation insurance. While your real estate investments may provide significant benefits, they can only do so safely when covered by the appropriate insurance policies.

Summer e-Newsletter 2021

August 11, 2021 Legal Alerts, Newsletters - 2021

We are pleased to announce that our 2021 Summer e-Newsletter has been published. Please take a few minutes to read it as it contains information on new case law updates, including topics on liability, workers’ compensation, first party property and coverage, trucking, medical malpractice, and many more. The e-Newsletter also includes firm successes secured by Conroy Simberg, additional news and notes, and firm announcements.