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What You Should Do When Your Business is Sued – HindSight

What You Should Do When Your Business is Sued

If your business is sued, you may feel stressed and angry, and that is totally normal. However, if you put your stress aside and focus on dealing with the situation at hand, you can work towards the best possible outcome and have the support you need to navigate the trying situation.

Review Your Options

The first thing to do when your business is sued is to read through the claim and consider the options you have available. During this process, it is a good idea to avoid communicating directly with the people or entities filing the claim and instead leave communication to your lawyer. As part of your review, be sure to collect all necessary documents so you can have what you need to present your case and work towards the outcome you need. Collecting pertinent documents will also make your lawyer’s job easier and help you to feel prepared and calm about your next steps.

Source: https://www.wolterskluwer.com/en/expert-insights/what-happens-when-your-business-gets-sued-or-otherwise-served-service-of-process  

Hire a Lawyer

After you are sued it is important to hire a lawyer so you can navigate the situation well and protect yourself and your company. Finding a good lawyer will go a long way towards improving your chances and ensuring your success.

When looking for a lawyer, it is a good idea to make sure they have malpractice insurance, just in case they make a mistake when trying your case. Malpractice insurance protects lawyers if they make costly errors while practicing law. This can also work to protect you in the case of their mistake because they will have the resources to repay you.

Source: https://www.podium.com/article/legal-malpractice-insurance/  

Inform Your Insurance

Once you have been notified of the lawsuit it is a good idea to notify your insurance company so they can let you know what to do and help you make the right choices for your case. You pay for your insurance policies to protect your business in this kind of situation, so it is important that you take care of your insurance needs and follow their processes, so you get the help you need. Different policies will protect you from different things, so your insurance provider can help you to navigate the situation and figure out what coverage you have.

Source: https://www.markelinsurance.com/resources/small-business/five-types-of-business-insurance-you-should-consider 

Dealing with a lawsuit is stressful and frustrating. But with the help of experts, you can get the help you need and the results you deserve.

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