If you’re a business owner in California, it’s understandably important to protect your company. Considering that, something many business owners fear is getting sued. While it’s impossible to guarantee that your business will never face lawsuits, there are things you can do to prevent this from happening. Here are a few steps you can take to minimize your chances of getting sued.
1. Be careful when making company statements
Most companies make announcements to inform the public about in-house developments. Before your company makes any announcements, make sure they’re not anything that the public could consider questionable or unscrupulous. It’s also wise to watch out who your company partners with.
2. Consider placing your business in a trust
It makes sense to be proud of your company. However, operating a sole proprietorship means that your personal finances are on the line if you’re facing business litigation. Fortunately, you can help protect your personal belongings by having a trust own your company.
3. Insure your business
Another way to help avoid getting sued is by getting liability insurance. Liability insurance helps cover companies if someone, for example, gets hurt in your workplace. It might also be a good idea to consider errors and omission insurance, which helps with general errors or contract disputes.
4. Have a file protection system
Many companies rely on stored information to remain in business. If your company’s important information became compromised, it could result in legal action from those affected.
If you need more help protecting your business against the threat of legal action, consider contacting a business litigation attorney. With an attorney on your side, you can have assistance preparing and finalizing legal documents. You’ll also have someone to speak with should your business find itself in legal peril.