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Expert Answers to Biz Questions
Listen in! Pick up some expert advice to a reader's question that we selected from CyberSchmooz.
Workplace Practices That Can Reduce The Chances Of Lawsuits
As a business owner, you probably find yourself faced with a plethora of responsibilities on a daily basis. It is your sole responsibility to ensure the safety of your employees while limiting your own risk of lawsuits. With the New Year here, more and more business owners are seeking out different practices and procedures that can help reduce the chances of a lawsuit. Maybe you faced several fraudulent suits last year that cost you financial losses? Whatever the situation is, there are a variety of practices that you can partake in that will help you avoid lawsuits. Below, you will discover tips for dramatically lowering your company’s chances of experiencing a lawsuit in the future.
Try To Avoid Suing Others
There might be times when a lawsuit makes sense. Maybe you have a customer that won’t pay his or her bills? Or perhaps you have an unruly business neighbor that just won’t follow building codes? Be careful. You should know that once you file a suit, you open the floodgates. This means that the individual that you are suing can easily turn the case around on you. Try to resolve all matters by any means necessary. A lawsuit should be your last option.
Institute Policies And Procedures
Implementing policies and procedures might seem like something that only larger companies would do, but this is not actually the case. Even the smallest businesses can benefit from implementing policies and procedures because they have very specific purposes. For instance, certain policies and procedures can explain to your employees what you expect from them, how you expect them to conduct themselves on and off company time, and it can go as far as to explain crucial safety practices that will help keep everyone safe.
Get Licensed And Insured
A great liability policy with the right insurance company won’t completely prevent you from getting sued, but it can pay for the cost of a lawyer in the event that you are sued. In addition to this, it can cover property damages, vehicle damages, and pay for employees’ lost wages. It also helps to have a great lawyer on speed dial that specializes in business practices. Hiring a Washington Injury Attorney will prove to be a good decision for you and your company. It won’t reduce your chances of lawsuits, but it will give you the ability to defend yourself in the courtroom.
Always Be Careful Of What You Say
When it comes to projecting an image for your business you always want to present yourself as competent, reliable, and diverse. You and your employees should never make public announcements or do anything in public that might be considered questionable. This means that you should not only refrain from making slanderous statements, but you should avoid doing business with shady individuals and companies as well. Along with this, you have to stay away from any conflict of interest situations that might present themselves. Not only can these types of situations hurt the image of your business, but they could also potentially land you in legal hot water.
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