The 2018 Small Business Risk Report found that the biggest risks facing small businesses are cyber security (94%) and employment-related risks (72%). Despite the risk, only 17% are expecting to expand coverage for cyber liability and only 23% for employment-related exposure. Most startling: 43% haven’t reviewed their policy and coverage within the past year.
Barbara Weltman
Big Ideas for Small Business, Inc.
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BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.