Why Legal is Vital to Your Business
February 3, 2022
Legal for Businesses
As we look forward to 2022, don’t overlook legal.
Legal is a powerful tool to help your business gain an advantage.
Insurance
Many people overlook the importance of insurance, but it is a critical and powerful tool.
As you plan for 2022, think about how your business changed in the past year. Many businesses accelerated their move to be online. Do you have cybersecurity coverage?
Even if you are not a “tech” business, your business likely uses technology for some critical functions of your business, including banking and accounting.
Lessons learned from the COVID
COVID-19 has caused many business challenges and changes, including how people work and the importance of disaster planning.
Employment, masking, vaccination, and remote working are all suddenly major issues for many employers.
If you are an employer with more than 100 employees, you likely will be subject to forthcoming OSHA rules, and many federal contractors and subcontractors will need to be vaccinated by December 8.
Finally, with many companies shelving plans to return to the office, permanent policies on working remotely are a good idea.
Data Privacy
Across the globe, significant laws regarding privacy are coming into play.
The California Privacy Rights Act (CPRA), a sequel to the California Consumer Privacy Act, comes into effect on January 1, 2023, so 2022 is the year to get ready.
Additionally, European law was recently revised to require new Standard Contractual Clauses, effective September 27, 2021.
Many states are also passing their own data privacy laws, creating a patchwork that causes headaches for those trying to do business.
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