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What legal steps should I take to protect my business in Ohio in case of a liability lawsuit?

Picture of Chris Battis By   ·  1 minute read

As a lawyer, I would recommend several legal steps to protect your business in Ohio in case of a liability lawsuit.

  1. Maintain accurate records: One of the best ways to protect your business from liability claims is by maintaining accurate records. Ensure that all employee files, contracts, sales receipts, invoices, and other business documents are stored securely, and are kept up to date. This will help to protect your business in case of any legal disputes.
  2. Purchase Liability Insurance: Liability insurance is an essential protection for your business against claims by third parties for bodily injury or property damage. It is an excellent form of protection when sued by employees, customers, or business partners. Depending on your business, you may also want to consider additional types of insurance.
  3. Establish company policies: Draft company policies that deal with specific issues that may occur in the daily operations of your business. These policies should be enforced through employee training and regular reviews to ensure that all employees are aware of the company policies. It will be the employer's responsibility to make sure all employees are well equipped with the knowledge regarding company policies to avoid potential liabilities.
  4. Consult an Attorney: Consult an experienced attorney to review your business operations and policies to identify potential liability issues. They may recommend making necessary changes and offer practical solutions.
  5. Identify potential risks: Identify potential areas of risk within your business, and take proactive steps to minimize these risks. For example, if you own a retail store, security measures such as CCTV, lighting, and alarms must be installed.
  6. Keep Accurate Financial Records: Ensure that all financial transactions are accurately recorded. This includes payroll taxes, income taxes, sales, and expenses. Properly maintaining financial records can help in the event of an audit or liability claim.

In conclusion, these steps, when implemented correctly, can help to protect your business in case of a liability claim. If you have any further questions or concerns, it is always recommended that you seek professional legal advice.