If you own a small company, you might be surprised to know that it is constantly under the threat of huge legal costs. There are a number of instances in your business where you could be hit by a lawsuit. It could end up costing your business hundreds of thousands, so it’s important to know how to protect your company from this. There are a few steps that we recommend you take, but you should also know where these legal issues come from.
Health And Safety
If health and safety levels in your business are poor, you will be at risk of getting an AI lawsuit. An accidental injury lawsuit can be brought forward by an employee or anyone injured on your property. This is due to premises liability. Premises liability holds a person who owns the property legally responsible. You might think if you rent your business property, you’re safe, but you should think again. Landlords often work premises liability into the contract. They shift the legal blame to you, the business owner.
Businesses in the UK in particular have been inundated with AI claims. A bad AI claim can easily cripple a company and make it exceedingly difficult to make any profit. To prevent this, you should be keeping health and safety levels in your business at an all time high. Make sure that your employees know it is their responsibility to notice and deal with hazards. The simplest issue can cause an accident. For instance, loose wires should be underneath carpet or attached to the wall.
Bullying And Harassment
You might think that bullying and harassment stops after school, but it doesn’t. It’s quite common to deal with bullying, particularly in an office environment. There are always people who will take advantage of others who they view as weaker. If you’re not careful this can lead to a lawsuit where again, you’ll be held responsible. It’s your responsibility to keep your business safe for your employees. The best way to deal with both bullying and harassment is to adopt a zero tolerance policy. That way it should never become such a big issue that employees look for legal aid.
Protection And Fixes
If you run a business where members of the public will be around you should make sure that you have public liability insurance. This will protect you if a member of the public is injured or affected by your business. This could be due to employee negligence or an unavoidable accident and it’s best to be covered. You should also think about getting workers compensation insurance. This will cover you if an employee is injured and is unable to work. Instead of suing they will be paid in full.
Finally, other businesses are taking preventive measures further. Rather than operating an office, they’re running their business from home. By doing this, they cut out the legal dangers completely. This might be a suitable solution if your business operates primarily online.