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What steps should I take to protect my small business from liability claims in New York City?

Picture of Chris Battis By   ·  1 minute read

To protect your small business from liability claims in New York City, there are several steps you can take:

  1. Incorporate your business: By incorporating your business, you can limit your personal liability for any business-related debts or legal claims. When you incorporate, your business becomes a separate legal entity from you, which means that any lawsuits or debts are the responsibility of the business, not you personally.
  2. Obtain insurance: Insurance policies such as general liability insurance or professional liability insurance can provide coverage for various types of claims, including bodily injury, property damage, or lawsuits related to professional services. Make sure to choose an insurance policy that covers your specific risks and read the policy carefully to understand its limitations and exclusions.
  3. Follow safe business practices: Implement policies and procedures that can help prevent accidents or injuries on your business premises, such as routine maintenance checks, clear signage, and employee training programs. Make sure to keep accurate records of any incidents that do occur, and promptly address any safety concerns.
  4. Review contracts and agreements: Make sure any contracts or agreements that you enter into, such as leases or vendor agreements, include appropriate indemnification and hold harmless clauses that protect your business from liability claims that may arise from the activities of the other party.
  5. Consult with a lawyer: It is always a good idea to consult with a lawyer who specializes in small business law to review your specific situation and provide advice on any necessary legal steps. A lawyer can also advise you on any additional steps you may need to take to protect your business from liability claims.

It's important to note that these steps may not provide complete protection from all types of liability claims, and there may be additional steps you need to take depending on your specific business and circumstances. It's always a good idea to consult with a lawyer and obtain professional advice before taking any legal steps.