Survey: Social media will boost smaller firms' risk exposure

12/4/2012 | PropertyCasualty360

A majority of insurance professionals polled by Torus said they expect more small and medium-sized companies to seek media-liability policies as they face greater risk exposure from the inclusion of social media in their business strategies. Although such risk exposure is the same for companies of all sizes, small and medium-sized firms lack the resources for training, monitoring postings and receiving legal advice, said Torus' Christopher Cooper, adding that legal action regarding online postings is increasing.

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