If your business manufactures or uses a connected device or simply collects and stores user data, it may be exposed to legal liability. Despite the transformative effects of such Internet of Things (“IoT”) technologies, the reality is that IoT will increase your business risk – know its sources and manage it.
On May 11, 2016, President Obama signed the Defend Trade Secrets Act of 2016 (the “DTSA”) into law. The DTSA—which went into effect immediately after being signed—creates a new right for trade secret owners to sue under federal law when their trade secrets are misappropriated. But the DTSA also requires an employer to notify its employees (including contractors and consultants) of immunity for certain permitted disclosures of a trade secret in any contract or agreement with the employee that governs the use of trade secrets or other confidential information.
FH2’s Mike Stewart was named the exclusive 2016 Winner of the International Law Office’s Client Choice Award for the IT & Internet category for Georgia. This marks the third time Mr. Stewart has won the Client Choice Award since 2013. Established in 2005, the Client Choice Awards recognize those partners around the world that stand apart for the excellent client service they provide. For more information on Mike, his practice and his accomplishments, Click Here.
Most prudent businesses today carry standard insurance coverages to protect against risks and liabilities arising out of the conduct of their business. However, if your company provides technology-related products and services, there are some additional insurance options your business should consider to protect itself against the unique risks facing forward-thinking companies today.