Owning a business is stressful enough due to daily operations, dealing with staff, pleasing clients and much more. Litigation only adds to that stress and can hurt the overall image of your business. So, how do you protect my business from litigation?
One of the best ways to protect your business from litigation is to purchase liability insurance. You can also consider obtaining errors and omission insurance to protect the business from claims made by clients that the company made an error or did not fulfill a portion of a contract. If your company is large enough to have a board of directors, consider obtaining directors and officers liability insurance. This insurance helps to protect the personal assets of the board of directors should a lawsuit be filed against the company.
Do your best to protect all files as much as possible. Most companies are working exclusively online these days when it comes to communications and other documentation. Because of this, you must put in place a security policy to protect all documents and files, especially those of your clients.
Sometimes it can be easier said than done, but you and your employees need to watch what is said and done using the image of the company. Comments, announcements and just about anything else can lead to lawsuits if inappropriate or directly aimed at clients.
Of course, one of the best ways to protect your business from litigation is to work with a reputable business litigation attorney in Ohio who knows the ins and outs of the law.
If you are planning to start a business in Ohio you need to know the basics of administrative litigation and how you can protect it from lawsuits. An experienced business litigation attorney in Cleveland can answer all of your questions regarding this topic.
Source: Investopedia, “Don’t Get Sued: 5 Tips To Protect Your Small Business,” Glenn Curtis, accessed July 31, 2017