What To Do If Your Business Gets Sued

You hope it never happens but at some point or another, you could find your business being sued. Whether it’s a disgruntled employee, vendor, client, or another business, a lawsuit against your company will likely cost you a fair amount of money. This is true regardless of whether you win or lose. It’s normal to feel angry or even offended, but it’s important to handle a lawsuit correctly to protect your business’s reputation. 

What To Do If Your Business Gets Sued

Contact An Attorney

The first thing you should do when you have been served a lawsuit is to review the papers with a business law attorney Fort Myers FL. If an attorney finds information in the lawsuit that is incorrect, you may be able to dismiss it entirely. If it is correct, however, you should move forward and review the allegations. An attorney can help advise you on how to move forward correctly. 

Contact Your Insurance Company

Many business insurance policies are available to help companies pay for the financial ramifications of a lawsuit. Contact your insurance company and inform them of the situation to see if your business insurance covers the suit that was filed against you. There may be protections related to general liability insurance, professional liability insurance, or even employer’s liability insurance. 

Keep in mind that while certain lawsuits may be covered under your insurance, it’s a bad idea to assume that they will cover them completely. Be sure to ask your insurance provider about the specific type of lawsuit you’ve received to determine if it’s covered. 

When it comes to your business, lawsuits can seem very scary. They don’t have to be the end of the world, however. It’s a good idea to do your research so you can seek advice from knowledgeable professionals regarding how to proceed. Additionally, make sure to inquire with your insurance company about what benefits are available to you. 

What To Do If Your Business Gets Sued
1 vote, 5.00 avg. rating (97% score)

Advertisement

Loading Facebook Comments ...