Situation:
Our client raised concerns about two significant business liability areas—employee contracts and cybersecurity. Due to rapid growth, they realized these critical areas had not received the necessary attention. Employees had access to key client information and company intellectual property, yet their employment agreements did not provide adequate protection for the company in case of a dispute or security issue. Additionally, there were concerns that client information might not be as secure as required, potentially exposing the company to significant risk.
Solution:
Proxxy swiftly addressed these issues by leveraging our network of specialized partners. First, we referred the client to a trusted law firm specializing in employment law. The firm reviewed the existing documentation and promptly drafted a new employee agreement that provided the necessary protections for the company. This agreement was implemented for all new hires, and a structured process was put in place to have existing employees sign the updated contract. To ensure there had been no prior misconduct, we also recommended and conducted a thorough review of the company’s share drive logs to detect any potential data misuse from the past year.
Next, we connected the client with a Proxxy exchange partner specializing in cybersecurity. The partner conducted a comprehensive review of the client’s IT infrastructure and security protocols. They provided a full report detailing findings and recommended system and process improvements, which the client implemented to fortify their security posture.
Outcome:
As a result of these initiatives, our client significantly reduced their liability risks. The new employee agreements ensured legal protection from potential internal threats, while the cybersecurity enhancements safeguarded sensitive client information. The peace of mind gained from addressing these business liabilities was invaluable. A year later, the company encountered an issue that, without these preventative measures, could have been catastrophic. Instead, it was merely a minor issue to be handled, demonstrating the effectiveness of their improved risk management strategy.
