No business owners want to face a lawsuit. Litigation can hurt a company’s financial standing and industry reputation. However, these damages can be alleviated by taking proper steps in the event of litigation:
Review the case immediately with legal counsel and hire a lawyer, if necessary. Put your counsel in contact with your insurance broker to determine if there is coverage for the lawsuit. provide your lawyer with all the necessary information, including documents and electronic materials, to be used to defend the business against the allegations.
Never communicate directly with the plaintiff. Similar to what the Miranda warning states, whatever business owners say in relation to the complaint can be used against them. The task of communicating and cooperating with the other parties should be handled by legal experts.
Inform the insurance provider about the case. If the business is covered by insurance policies, the relevant insurance provider has to be informed promptly to preserve the coverage.
Foster a compliant atmosphere in the business. Everyone involved in the organization should be informed to refrain from discussing topics related to the lawsuit, and to preserve all documents, whether hard copy or electronic, that might be related to the lawsuit.
Dan DeKoter has litigated multimillion-dollar lawsuits for both plaintiffs and defendants. His areas of expertise include business and employment law, civil litigation, and estate and planning administration. Learn more about the “AV”-rated lawyer by visiting this website.
Review the case immediately with legal counsel and hire a lawyer, if necessary. Put your counsel in contact with your insurance broker to determine if there is coverage for the lawsuit. provide your lawyer with all the necessary information, including documents and electronic materials, to be used to defend the business against the allegations.
Never communicate directly with the plaintiff. Similar to what the Miranda warning states, whatever business owners say in relation to the complaint can be used against them. The task of communicating and cooperating with the other parties should be handled by legal experts.
Inform the insurance provider about the case. If the business is covered by insurance policies, the relevant insurance provider has to be informed promptly to preserve the coverage.
Foster a compliant atmosphere in the business. Everyone involved in the organization should be informed to refrain from discussing topics related to the lawsuit, and to preserve all documents, whether hard copy or electronic, that might be related to the lawsuit.
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Dan DeKoter has litigated multimillion-dollar lawsuits for both plaintiffs and defendants. His areas of expertise include business and employment law, civil litigation, and estate and planning administration. Learn more about the “AV”-rated lawyer by visiting this website.
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