One can liken protecting your business to legal planning—an undertaking which incorporates many facets, as well as risk management. Business owners instigate business protection strategies in order to protect their enterprises against litigation and creditors. Appropriate insurance in a sense is much more important given the nature of today’s society: a litigious civilisation wherein defendants with wealth aren’t immune to being scrutinised.
This is where several protective methods come into play, such as Management Liability coverage. Companies like Insuring theProduct, can assist businesses to obtain this special insurance policy which helps companies on the Sunshine Coast and beyond to protect key intangibles from the claims of creditors. Included in the latter are patents, copyrights and trademarks (which primarily document ownership), confidentiality/non-disclosure agreements, employment agreements, data backup and the like.