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Commercial Risk Advisor – April 2018 - April 2018
3 Questions to Ask When Addressing Sexual Harassment at Your
always been important to protect your business and employees from sexual
harassment, but recent high-profile cases show the importance of re-examining
this topic at your business. Social movements such as the “Me Too” campaign
have drawn attention to sexual harassment in the workplace, resulting in a
growing number of misconduct allegations. These allegations can result in a
wide variety of claims and lead to serious financial and reputational damage.
carriers, courts and regulatory agencies will begin to examine businesses
closely to ensure that they take sexual harassment seriously and act to protect
their employees and customers. Here are some questions you need to consider
when addressing sexual harassment at your business:
- How do
you encourage employees to report inappropriate conduct? The best way to
address sexual harassment allegations is to respond quickly. Employees should
be regularly reminded that there won’t be any retaliation for reporting
inappropriate behavior. You should also ensure that there are multiple ways for
employees to make anonymous reports to management.
- Does your
employee harassment training address your workplace’s unique traits? A standard
workplace policy is a good starting point for addressing sexual harassment, but
you should also think about how your employees interact with co-workers and
- Do your
insurance policies include exclusions for sexual harassment? Many commercial
general liability policies exclude claims for sexual harassment. Although
employment practices liability insurance can provide you with coverage, you
also need to ensure that policy periods offer coverage throughout the statute
of limitations in your area.
us at (619) 297-3160 for help addressing sexual harassment in the workplace.
Cryptocurrencies Mean for Businesses?
has helped add efficiency and modern conveniences to daily life, and now
computer experts have applied digital traits to new, online currencies.
Cryptocurrencies, such as bitcoin, only exist digitally and their decentralized
nature can offer a number of advantages. However, as these currencies continue
to grow, it’s important to know the risks regarding their use.
cryptocurrencies are decentralized and work without administrators or a central
bank. Instead, a network of users makes transactions directly between each
other, and a shared system of private keys and public ledgers authenticates the
entire system. Bitcoin, the most popular cryptocurrency, encourages users to
participate in this system by rewarding them with additional bitcoins. In fact,
this is the only way that new bitcoins are put into circulation.
design of cryptocurrencies offers a number of potential benefits:
- Little or
no transaction fees
reliance on data collection and retention
bitcoin in particular—have greatly increased in popularity over the past few
years. Japan declared bitcoin legal tender in 2017 and online services like
Microsoft, Overstock and PayPal also accept the currency. While accepting
cryptocurrencies may help attract customers, there are some important risks to
keep in mind:
volatility—The value of bitcoins and other cryptocurrencies can change
drastically over a small period of time. Bitcoin reached a value of $17,000 in
January 2018 before falling to $7,000 less than a month later.
the details about a cryptocurrency’s users and transactions are often held in a
public ledger, details such as names and locations are encrypted. This can be
an issue when complying with regulations on customer identification or fraud
security—Cryptocurrencies exist digitally, and the proof of ownership is often
limited to the private keys used to authenticate transactions. This makes
cryptocurrencies a prime target for hackers, especially because many businesses
aren’t aware of best security practices to protect this new form of currency.