As a small business owner in Calgary, "lawsuit" is probably the one word that you NEVER want to hear. But here's the thing -- absolutely nobody is immune to being sued. If you own a business, there will always be someone out there who is out to get you.
With that being said, just because you aren't immune to being sued doesn't mean that you shouldn't do everything in your power to prevent that from happening. To make this a little bit simpler for you, Sharp Insurance has compiled a short list of advice for you to follow.
So without further ado, here are 4 little tips to prevent your small Calgary business from being sued:
- Be careful of what you do... but also what you say. As a business owner, you have a heavy burden to carry on your shoulders. It is not uncommon for slanderous statements to cost business owners their companies. Likewise, avoid working with people whom you believe employ shady business practices.
- Protect your data. In the past, Sharp Insurance has covered the importance of protecting your data. We have also covered several ways for you to go about it. Our stance on this subject hasn't changed. Every year, hundreds of small businesses across the world go bankrupt because they were careless enough to lose their precious data. Don't be among them.
- Acknowledge your mistakes. Here's the thing: Nobody wants to deal with an angry customer. But sometimes, all it takes to make things right is the proper attitude. If you made a mistake, acknowledge it and apologize for it. You might just end up seriously surprised at how far this can take you.
- Be properly insured. Lastly, this might not do much to prevent someone from suing you, but in the event of that happening you will be really happy to have heeded this advice! From Calgary general liability insurance coverage to business property insurance coverage, we highly encourage that you do a bit of research if you wish to secure your business as much as possible.