Remember that old commercial where the actor said, “I’m not a doctor, but I do play one on TV,” well I’m not a lawyer, but I play one almost every day in our business.

Due Diligence and Due Care
Today the topic of conversation was the legalese terms “due diligence” and “due care”.

As a business owner, due diligence and due care can be a really big deal to you, especially when it comes to your company’s cybersecurity and insurance protection.

There is an old saying in business,  “If it isn't written down, it didn't happen.”
That really is a very good lesson in the importance of good documentation. The legal system is based on evidence, auditors pour over real numbers to assess the financial state of businesses, and detectives assess the innocence of transactions by finding gaps in the written record.