May 28, 2009 - Boston, MA 8:00 AM to 10:00 AM
UK Trade & Investment, 1 Memorial Drive, Suite 1500, Cambridge, MA
Thomas
Gregory Associates and The Massachusetts Innovation & Technology
Exchange (MITX) present a discussion about employee related risk
exposures that are
exacerbated by the current recession. Discussions will include risk
management, implementing internal controls to avoid employee theft,
employment contracts, human resources, intellectual property/trade
secrets management, and insurance strategies to address these risk
exposures.
Space is limited, so sign up now at the left of the screen to reserve your seat for this no-cost presentation.Business
leaders continuously strategize on how to stay lean, maximize profits
and minimize losses in order to grow and be profitable. Throw a severe
recession into the mix and a difficult job becomes exponentially more
difficult. Furthermore, a recession can be the catalyst for
employee-related losses that can adversely affect a company's bottom
line.
Employees are the lifeblood of any business, but in
tough economic times they can become a liability. Employee theft and
computer fraud, as well as theft of IP and trade secrets, become more
tempting when times are tough. When employees have access to client's
finances or sensitive data, it presents a moral hazard that could
result in lawsuits against your company, notwithstanding the
ramifications of the new Massachusetts Data Privacy regulations.
Additionally, layoffs caused by a recession can spawn wrongful
termination and other employment related claims, such as sexual
harassment and discrimination. These risk hazards present peril not
only to your company and its assets, but to management and directors on
a personal level as well.
Moderator: Andrew Gregory - Thomas Gregory Associates Insurance Agency
Panelists:
- Fionuala Dullea - The Travelers Insurance Company
- Peter Moldave -
Gesmer Updegrove LLP
- David Richards - Costantino Richards Rizzo LLP
- Katherine Zalios-Wood - The Travelers Insurance Company