Category: Risk Management

Preparing for a Retail Storm

In the past few years, we have seen increasing temperatures, rising sea levels and extreme weather across the globe. According to NASA, 2016 was the  hottest year on record  and 2017 was the  second warmest year on record . In 2017 alone, the world witnessed massive heat waves in...
Go

Cyber Liability Insurance – Does Your Retail Business Need It?

The news is full these days of hackers stealing credit card and other customer information from United States retailers such as Home Depot, Target, and Neiman Marcus (and the federal government ) among others. These mega-breaches make great headlines, but what about smaller retailers? Are smaller retailers and restaurants...
Go

Are You Ready for the Attack? Online Brand and Reputation Protection

It starts with an inaccurate, possibly fake, online review. Then a post appears on a consumer complaint forum. Suddenly, there is a surge of false postings about your company on social media sites. Invariably, these anonymous postings appear prominently in search engine results, including Google. If you haven’t implemented...
Go

Release of the iPhone 6 -- Is Apple Riding the Security Wave?

Another month brings another reported massive data breach. On September 8, 2014, Home Depot confirmed that its payment data systems had been breached, potentially impacting customers using payment cards at the retailer’s US and Canadian stores beginning in April 2014. The breach was purportedly aided in part by a...
Go

From Strips to Chips: How Recent Data Breaches Threaten to Impact Your Point of Sale

The costs of recent data breaches have been staggering. In Target’s case, 40 million credit and debit card accounts were hacked, and the personal information of 70 million people was stolen. The cost to Target : $17 million in net expenses and a 46% decline in profits in the...
Go

Climate Change Preparedness: Cities Planning for a Rising Tide

Hurricane Sandy and other recent events have highlighted the vulnerability of coastal cities to the effects of climate change, which appear to include more frequent and more extensive coastal flooding. In the wake of these events, coastal cities such as Boston and New York City have undertaken comprehensive climate...
Go

Staying High and Dry: Considerations of Landlords and Tenants in Floods

While landlords and their tenants in areas like New York City continue to recover from flooding in the wake of Hurricane Sandy, landlords and tenants of one of Washington, D.C.’s premier waterfront destinations are still reeling from the after effects of a 2011 storm that caused severe flooding in...
Go

When The Unthinkable Happens: Owner Liability For Homicide In Shopping Malls

In the wake of recent open mall shootings in New Jersey , Toronto , Michigan and Texas , many observers reacted by wondering how these incidents could have been prevented and who may share responsibility for them. The extent of a property owner or landlord’s liability may be surprising....
Go

Reality TV: The Latest Retail Trend?

Most readers are probably well acquainted with reality television programming as a genre and with titles such as "Undercover Boss," "The Apprentice" and "Keeping Up with the Kardashians."   The seemingly insatiable public appetite for reality television programs can present an inviting promotional opportunity for retail businesses and their...
Go