What Cos. Must Know About Social Media And Insurance
Law360, New York ( March 23, 2017, 4:02 PM EDT) -- Tweets. Likes. Posts. Shares. Sound familiar? It should, because companies and their employees are using these methods to market, communicate, publicize, research and disseminate information on a daily basis. At the end of 2016, there were 1.86 billion Facebook users, 467 million LinkedIn users, and 319 million Twitter users worldwide.[1] The rampant proliferation of social media use by companies and their employees raises a host of liability concerns that were nonexistent just a few years ago. And the instantaneous worldwide access that social media provides, with the ability to repurpose information in the public domain (i.e., continuous reposting or retweeting), can multiply a company's liability exposure by the mere click of a button. As a result, companies find themselves the subject of claims and lawsuits that arise out of social media use. However, insurance coverage may be available to respond to these kinds of claims....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.