Starting up a business has never been easy. From management responsibilities to financial obligations, setting up your startup can be very draining. The last thing you need is a personal injury claim on your business to slow you down.
Personal injury claims on your business can be made by employees or customers who get hurt on your premises. In most cases, the injured party seeks very qualified lawyers, like those at the Henry Dailey Law Firm, hence leaving you at high risk of losing a lot of money. Here are some tips on how to avoid personal injury claims on your startup business.
How to Protect Your Startup from Personal Injury Claims
1. Prioritize on Employee Safety Measures
Prevention has always been the best defense. You can prevent the safety risks on your employees at the workplace by prioritizing better safety measures. For instance, you could invest in suitable protective gear to be used at the workplace, such as helmets and eyewear for the fields that require them.
It is also essential to invest in proper workplace safety training for your employees. Doing this will help you evade possible personal injury claims, but it will also ensure that your employees are safe and increase their productivity.
2. Hire a Personal Injury Lawyer
It is highly advisable to have a professional injury lawyer on your team at all times. This is because accidents occur when you least expect them to. Knowing that you have a seasoned attorney to help you fight your legal battles and ensure you are not exploited will help keep you at ease.
Some malicious people might try to exaggerate the extent of their injuries to exploit you. A seasoned personal injury lawyer will see through their tactics and advise you on how best to handle the situation.
3. Properly Vet Your Suppliers
Your supplies are among the most critical aspects of your startup business. It is, therefore, important to properly vet your suppliers. Faulty or substandard supplies significantly increase the risk of accidents within your premises. It is therefore imperative to procure your supplies from suppliers with a flawless track record. Do not compromise the integrity of your supplies for the sake of saving money.
4. Get Adequate Insurance Coverage
The importance of adequate insurance coverage can never be overemphasized, particularly for small startup businesses. Without insurance, you could end up with a massive liability that you may be unable to pay with your limited funds. Having adequate cover significantly reduces the cost you will have to incur in personal injury compensation.
5. Handle Situations Wisely
In the event of an accident within your premises, you need to assess the situation carefully and handle it wisely. Do not be rude or impolite while interacting with the injured employee or customer. Instead, try your best to be helpful. Facilitate them to receive medical attention if need be and remember to keep detailed documentation throughout each stage after the accident.
Keep in mind that anything you say may be used to implicate you and make the situation worse than it already is. If you are pleasant in your dealings with the individual, the chances are that you may come up with an agreement outside the court, and they may not sue you. This will, in turn, save you plenty of money and preserve your reputation.
How to Get Prepared
It pays always to be prepared for any eventuality in your business premises. The safety and legal measures to be taken vary from business to business. There is no single blueprint that may work across all startups.