Owning a business can be a rewarding but also risky endeavor. Litigation against a business can be crippling blow that some businesses never recover from. Properly protecting your business is paramount to ensuring that your bottom line stays healthy. Here are few of the most common law suits faced by business owners and how you can avoid them.
Legal action taken by unhappy employees is becoming more and more common. Although there is no sure-fire way to avoid this ever happening, employers can take certain steps to make sure their employees feel content and safe in the workplace. Implementing a zero-harassment tolerance policy will help cut down on the instances of harassment complaints and help all of your employees understand the code of conduct expected.
It is also helpful to make sure that discipline and termination policies are clearly understood. Employers can protect themselves from unjust dismissal cases by making sure that all employee discipline is well documented and that the dismal process is very clear and very well documented.
Keeping a clean, safe work environment will also protect you and your employees from unnecessary risk and injury. Having quarterly safety checks and education updates for yourself and your employees will help everyone stay on track to maintaining a safe environment.
Employers should strictly abide by Federal law concerning employees who are not US citizens. In the event of an immigration audit employers who are not abiding by Federal law can face harsh fines and consequences.
Injured and Dissatisfied Customers
Protecting your business with effective liability insurance is necessary in the event that a customer is injured on your property. In addition to that error and omission policies can protect your business if a customer is dissatisfied with your company’s performance in some way.
To discuss other ways you can protect your business call one of our friendly agents today at Alliance Insurance Services serving the Arvada, CO area.