Developing a Corporate Strategy to Address Known Risks

Matt Dunning at BusinessInsurance.com announced some eye-opening news:  “Despite its ubiquity in corporate communications and marketing, a startling percentage of companies has no formal strategy for addressing the liability exposures and reputational risks associated with social media, experts say.”  So, where would your company fall in that survey?

Employer Take Away:   What should you as an employer take away from this development?

You have read the blogs (like this one) which identify and analyze the significant issues attendant to social media and employment law.   You have read and heard about cyber-attacks and data breaches suffered by the likes of Target, Michael’s, and other companies (big and small).   Now that you know what the risks are, has your company consulted with the appropriate person to develop a corporate strategy for addressing those risks from insurance, workplace policy, and other risk-management perspectives?

Why not?

Sorry to interrupt you.   Have a great weekend.

About Michael Schmidt

Michael C. Schmidt is the vice chair of the firm’s Labor & Employment Department, and the office managing partner, vice chair, of the New York Midtown office, where he is resident. For more than two decades, Mike has concentrated his practice on representing companies and management in all facets of employment law, such as: (i) defense in litigation involving wage and hour (overtime and unpaid compensation), discrimination, harassment, retaliation and whistle-blowing, non-competes and trade secrets, and disability and other leave-related issues; (ii) day-to-day counseling and in-house training on issues from hiring to firing, and other questions unique to his client’s industries and business; and (iii) drafting and reviewing employment agreements, termination and severance agreements, confidentiality and non-competes, and employment policies and manuals.