Facing a lawsuit is scary. Whether you’re a business owner who is being sued by a vendor or an employee is suing the company you manage, it is not fun to be on the receiving end.
Contact Your Insurance
The moment you hear a whisper that you might be facing a lawsuit, contact your insurance company. This is why insurance was purchased in the first place, so look into your policy and speak to an agent. If your company does not happen to have general liability insurance, look into purchasing a plan. One reputable agency is World Wide Specialty Programs. A great benefit of World Wide Specialty Programs is their availability in all 50 states.
Find an Attorney
If ever you needed legal help, it’s now. If your company has an in-house attorney, all the better, but if not, find one who can assist you. Make sure that you seek a professional whose specialty is business dealings. Keep any and all records related to the case and present them to your lawyer. They can help get things in order on their end.
Figure Out Next Steps
You will typically have 30 days to figure out how to respond to the lawsuit. Although your attorney can help you, you will have some questions to answer and decisions to make. Do your research and know where you stand in the way of liability. The more you know the more prepared you will be in case of a lawsuit.