Lawsuits can be expensive and bad for your company’s reputation. By keeping your business legally tight, you can protect yourself against – and even prevent – many common lawsuits. Here are just several ways to legally protect your business.

Have a lawyer on call

If you get into legal trouble, it can be handy to have a lawyer on call who you can talk to. Lawyers may also be able to offer general advice on various aspects of business law. Take your time to find a solicitor that you can trust.  

Create professionally written contracts

Contracts can help to put agreements in writing. This gives you proof that the agreement took place, while detailing all the terms of that agreement. It’s worth hiring a professional legal writer to create a contract for you so that no words or phrases can be misconstrued.

Store all legal documents in one place

Being able to access legal documents easily when you need them is important. Use legal document assembly software to keep all your documents in one convenient place. Consider making digital copies of legal documents that you only have paper versions of.

Use warning signage and warning labels

When it comes to avoiding health and safety lawsuits, warning signage and warning labels can be useful. This could include putting down a wet floor sign when mopping, warning customers that a tap is hot or telling customers that a product may contain nuts. These warnings make it much easier to defend yourself if someone is injured or made ill as a result of your product or services.

Train your employees thoroughly

It’s important to offer thorough training to your employees. Health and safety training can prevent your employees getting injured or sick on the job, while general training in responsibilities can prevent the risk of negligence. All of this can stop you from getting in sticky situations where you may get sued.  

Protect your intellectual property

Other people may try to steal intellectual property such as logos, designs and creative works unless you protect them. Trademarks, patents and copyrights can all be used to protect your intellectual property – if someone else claims ownership, you can more easily sue them. To apply for one of these, you’re best off using a specialist lawyer such as a trademark lawyer.

Insure yourself

Insurance can help to pay compensation for any claims made against you. There are many different types of insurance – some of which are mandatory and some of which are voluntary. Employer’s liability insurance is usually mandatory if you have employees and can offer compensation if employees are injured or made sick through work, while general liability insurance can offer compensation if customers are injured or made sick. Such insurance can be worth having as it can prevent you from having to dig into your own pockets in the event of an accident.