For these businesses, insurance is one of those risk management tools that plays a critical role in protecting business assets, safeguarding against liability, and facilitating continuity of business operations in the event...more
At its core, risk management involves identifying, assessing, and mitigating potential risks to minimize losses and ensure business continuity. A routinely used and universally accepted risk management resource that...more
We are attorneys and don’t sell or broker insurance. Yet, we’re writing to alert business owners of a direct threat posed by a “set it and forget it” approach to insurance coverage. Why? Because we see firsthand the damage...more
In connection with the increase in the number of incidents and attacks, the scope and impact of the incidents and attacks are also growing. With the rise in frequency and impact of cybersecurity incidents and cybercrimes,...more
Depending on the scope of the policy, the policy may also provide coverage for members of corporate committees or defined classes of volunteers. Corporations do! Whether for-profit or non-profit, corporations act through...more
Over the last several years, the frequency and intensity of rain and other natural disaster events have increasingly impacted both business and individual property owners across North Carolina in a variety of ways....more
Congress created the National Flood Insurance Program (the "NFIP") to help make flood insurance more affordable in areas prone to flood damage. FEMA oversees the program and writes the terms of the Standard Flood Insurance...more
9/6/2024
/ Denial of Insurance Coverage ,
FEMA ,
Flood Insurance ,
Flooding ,
Insurance Industry ,
National Flood Insurance Program ,
Natural Disasters ,
Policy Exclusions ,
Proof of Loss ,
Property Damage ,
Severe Weather
Insurance policies hold immense significance for business owners and professionals, as they can be a safety net for life's unexpected curveballs and can also assist business owners and professionals with proactive planning...more
Employment practices liability insurance (commonly known as "EPLI") coverage is a critical and necessary tool in any employer's toolbox because such policies can help cover significant legal costs and damages associated with...more
It is true that death and taxes are certainties of this life, but so too is the fact that neither the risks that businesses face nor the businesses themselves are static. Both are dynamic and evolve over time. As the risks...more
In a major decision with widespread impact, the United States Supreme Court upheld California Proposition 12. ...more
Community associations ("Associations") act through their board members and officers, who are volunteers and are generally willing to serve because they care about their communities.
Notwithstanding their status as...more
Like a broken umbrella in a rainstorm, insurance disputes between an insurer and its policyholder can become a huge, inconvenient, and costly problem for the policyholder....more
This week, the U.S. Food & Drug Administration (FDA) posted warning letters to five hemp companies for, in the words of the FDA, "illegally selling products containing cannabidiol (CBD)." The warning letters and additional...more
Knowing the legislative mandate (i.e. the mission) of a licensing body is a crucial step in understanding its scope of authority to govern the licensed professionals subject to its authority.
This article provides a...more
Delta 8 tetrahydrocannabinol ("THC"), an intoxicating form of THC often derived from hemp-derived cannabidiol (aka "CBD"), has been at the center of numerous hot button issues since its arrival in the broader hemp product...more
North Carolinians know when Hurricane season begins and ends; we know what a "spaghetti model" is; and we know who in our neighborhood has a generator!
But do we know enough about windstorm insurance policies and how to...more
Ward and Smith's Hemp and Cannabis Law attorneys recently attended the fifth annual Industrial Hemp Summit. After another year of adjustments and uncertainty caused by COVID-19 and other global factors, it was refreshing to...more
The North Carolina Chamber of Commerce, through its "Ag Allies: Landscape-Shifting Legal Developments" webinar on August 18, 2021, featured North Carolina's Right to Farm Act (the "Act"), and appropriately so, as it has been...more
The past 19 months have been a challenging time.
As a result of the Coronavirus pandemic, many precautions and restrictions were put in place to prevent the transmission and spread of COVID-19, including executive orders...more
The North Carolina Chamber of Commerce is an avid advocate for the economic health and well-being of agribusiness and agriculture in the State through its lobbying efforts, resources available on its website, and through its...more
9/3/2021
/ Agribusiness ,
Cedar Point Nursery v Hassid ,
Farm Animals ,
Farms ,
Just Compensation ,
Nuisance ,
Property Owners ,
Regulatory Standards ,
SCOTUS ,
State Constitutions ,
Unions
The United States government federally decriminalized hemp on December 20, 2018, making hemp biomass—the raw, harvested agricultural plant—a commodity like any other crop, such as corn, wheat, or soybeans. The transition of...more
In North Carolina, the professional or occupational licensing board is responsible for preparing the official record of a disciplinary matter against a license holder. This record is of primary importance to any future...more
It is hard to overstate the importance of an unlimited license to people who hold a professional or occupational license. For most, the license is what allows that person to secure employment and provide for their families....more
Ed. Note: This is the first in a series of three articles examining disciplinary and appeals processes in front of North Carolina professional and occupational licensing boards.
In North Carolina, a significant number of...more