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Asset Protection

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“Is insurance enough?”

Is insurance enough for protecting me from lawsuits?

I get a lot of calls from people wanting to know if insurance is enough for their asset protection plan. I know what they want. They want me to tell them yes…you’re all good!

If that were the case, I could retire (or at least be unemployed because there is no more need for my services)!

I understand where these people are coming from. You’re doing everything right. You’re a good person. You’re not doing anything shady.

Insurance companies don’t make profits by paying out claims though. If there’s a way out of paying a claim, you think there’s not going to take it? [Read more…] about “Is insurance enough?”

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Lobster Law 101

Boiling Lobsters Alive is Illegal…in the USA?

2024 Update: For those who won’t read to the end, please note this is a brief post about how…IN THEORY…you could violate US laws without realizing it. This is an absurd example to illustrate the point. Please don’t reach out to us to report your neighbor’s lobster boil (you little narc, you). We don’t care how you, or anyone else, prepares their lobsters. Carry on, freedom-lovers!

Much ado was recently made about Switzerland banning boiling lobsters alive. The internet lit up with discussions about how to ethically cook a delicious lobster and whether or not lobsters feel pain. People love lobsters both alive and on a plate. For those who love them on a plate, there was plenty of outrage that a country would ban such a practice. Sources in Maine tell me there is no other way to prepare a lobster.

Switzerland is not the first to ban the practice. In fact, boiling lobsters alive has been outlawed in the United States since at least 1999. [Read more…] about Lobster Law 101

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Asset Protection Podcast: Episode 02 “Frivolous Lawsuits”

What are frivolous lawsuits?

There’s a certain violence that goes unreported to the police every day in America. This violence occurs to a third of all US citizens over their lifetimes, but you don’t often see it reported in the news headlines. Millions and millions of cases a year…but you might think it can’t happen to you. What are these violent acts that slide by the authorities? [Read more…] about Asset Protection Podcast: Episode 02 “Frivolous Lawsuits”

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Asset Protection for the Cannabis Industry

How to protect your cannabis-related profits

If you search the interwebs for asset protection for the cannabis industry, you mostly find companies offering services to physically protect assets like farms, products, and piles of cash. We’re talking security, alarms, armored cars, armored men, etc. But what about protecting your assets, i.e. the profits made from successfully operating a business in the cannabis industry? Since the Trump election, people have been wondering whether the federal government will crack down the industry. [Read more…] about Asset Protection for the Cannabis Industry

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How to lose millions of dollars

Federal Trade Commission has a bill for you

A recent episode of Silicon Valley addressed what happens when a company violates a Federal Trade Commission (FTC) regulation. One of the show’s characters accidentally violates the FTC’s Children’s Online Privacy Protection Act (“COPPA”).  The COPPA rules are meant to protect kids from all the perves lurking out on the interwebs. By overlooking these regulations, the company’s app lures in a bunch of creepy old dudes. By the time the characters figure out their mistake, they’ve already racked up millions of dollars in penalties and fines.  [Read more…] about How to lose millions of dollars