4 Professionals That Protect Your Business from Lawsuits

Dealing with a lawsuit can be a nightmare for a business owner. The stress can consume your life and rob you of time that you should be spending with your family and friends. In addition, the physical and emotional toll a lawsuit can cause has been linked to many heath conditions such as anxiety, depression and other serious physical ailments. The best idea is to avoid lawsuits in the first place. To do this, you need to have these four professionals as they are crucial to have on your side working to protect your business.

The Best Insurance Agent

An experienced insurance agent will know how to review your business operations and determine the types of liability insurance you will need. For example, if your company produces a product, you might need products and completed operations liability insurance. This will protect you in case someone who purchased your product becomes injured as a result of using the product. Every business is different, and every business will require a different suite of insurance products to be fully protected.

An Occupational Safety Director

This person will be your first line of defense against risks that could cause a lawsuit. His full-time job will be to constantly analyze your business on a daily basis to identify potential hazards that can cause injury. They will create safety guidelines for all employees to follow and will be an integral part of the training program for new employees. Typically an occupational safety director will have a master’s in occupational safety.

An Amazing Tax Professional

Your tax pro will do more than just crunch numbers for you every month. They can help to create a business entity that can protect your family and personal assets from lawsuits. The business may be sued. However, certain entities will work to prevent the plaintiff from being able to sue the owner personally.

A Business Attorney

A skilled corporate or small business attorney will be able to identify weak areas in your business practices that make you more vulnerable to lawsuits. For example, if you are sued by an employee for some form of discrimination, and you do not make it a practice to offer annual antidiscrimination training to your employees, you could be more liable in a lawsuit. A good attorney will be able to point out potential problems like this and offer solutions to correct them.

The most important thing to remember is that the professionals you chose to work with need to be highly skilled in their work areas. Putting your business in the hands of your buddy from school who happens to be an insurance agent can often invite lawsuits rather than prevent them.

About the author

Anica is a professional content and copywriter who graduated from the University of San Francisco. She loves dogs, the ocean, and anything outdoor-related. She was raised in a big family, so she's used to putting things to a vote. Also, cartwheels are her specialty. You can connect with Anica here. If you are interested in an online safety degree, Anica suggests you check out the programs offered by Eastern Kentucky University.

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