Business owners have a lot to worry about. On the top of your list is probably – maintaining cash flow, making sales, attracting and retaining customers, and handling employees. Yet, studies show that 43% of small businesses are threatened with, or engaged in, a lawsuit each year. This means that most business owners will face the threat of a lawsuit at least once over the life of their business. A lawsuit will cost your business a lot of money, time and energy. The best thing you can do is to prepare your business so that it is in the best possible position when the threat of a lawsuit arises. There are steps you can take to help prevent and mitigate your potential damages. Three reasons
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