Magnificent Ideas for Protecting Your Business Against Legal Action

OlufisayoMarch 11, 201501,000 views

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Protecting your business from legal action is key to enduring success as a business owner.

There are so many legal pitfalls for business owners these days. And it’s often difficult to know where to begin and what bases you need to cover.

Well, to start you off, here are some great ways you can protect yourself and your business from legal action.

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Insurance

The first port of call to prevent legal issues for the business is to make sure you have insurance. You need to insure the business and its assets in the event of loss, damage or theft. But it’s also essential to have insurance to protect the business in the result of accidents. If a member of staff’s involved in a personal injury or accident at work they might look to put in a claim. In this event, the insurance would cushion you and the business from the financial burden of a compensation claim. This also applies to customers having accidents while at the business. There are different forms of insurance you’ll need to get that will cover different things.

Hire a Lawyer

It’s vital that you hire a good lawyer to familiarise yourself with all the legal aspects of running a business. It’s important to have a go-to legal guy (or girl) in the event of any legal proceedings. An attorney can advise you on how you should act or proceed. They can also tell you all about employment law and other legalities that you need to know about. By hiring yourself a lawyer you make sure you’re aware of all the potential legal issues. This way you won’t get yourself into trouble as you’ll know what to avoid.

Training

The best way to protect against legal action is to prevent the risk of legal action. This comes down to the adequate training of your staff. In particular, make sure they’re well-versed in the company’s health and safety procedures. They need training in what kind of machinery or equipment they can and can’t use. They need to know what sort of hazards to look out for in the workplace and how to lift right to avoid injury. It may seem like these are common sense things, but by law you need to cover your bases.

Make Sure You Have Enough Staff

Legal issues can occur when mistakes get made, or important things get forgotten. In order to prevent this from happening you need to make sure you have enough staff to run the business effectively. It’s no good having a small handful of staff who are having to work ridiculous hours. They’re bound to become tired or stressed and make mistakes. You need to have enough staff to make sure your business is a well-oiled machine. If this is a problem, you need to hire more staff as soon as you can.

Be Careful What You Say

These days society is extremely sensitive, and you need to be much more careful about what you say. In the past, you’d be more likely to get away with certain actions or comments. These days so much gets monitored that you have to be careful you don’t say anything libelous. You need to be particularly careful about how you (and your staff) conduct yourself on social media channels. Don’t forget, everything goes somewhere. And you might make a comment in jest that gets misinterpreted and comes back to haunt you at a later date.

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