Your business not only creates income for you, it may provide employment for other people. Small and medium businesses are subject to the same risks as major corporations. You buy business insurance to help protect your business for claims and litigation that may come from a variety of sources.
Remember, your business insurance can be designed to protect you from unforeseen accidents and lawsuits because of your business operations. The government, customers, employees, and other third parties can sue your business. Here are a few tips from business attorneys that might help reduce the chance that your business is involved in litigation.
- Review all leases and contracts to make sure that you have addressed all your legal obligations, including insurance requirements. We recommend the use of an attorney, and call our office so we can determine what is required of you for your business insurance.
- Make sure you have a comprehensive employee handbook that outlines your policies and procedures. This should include a sexual harassment policy.
- Provide training for all employees annually on your policies and procedures. Effective training enables your organization to comply with all legal requirements, thereby avoiding costly lawsuits, audits, and fines.
- Make sure your business complies with all OHSA laws and rules. Many OSHA standards explicitly require the employer to train employees in the safety and health aspects of their jobs. Other OSHA standards make it the employer’s responsibility to limit certain job assignments to employees who are “certified,” “competent,” or “qualified.
- Address employee complaints. Employers need to have a well-publicized, specific procedure for employees to express their complaints without fear of retaliation.
- Insist on thorough and complete documentation of supervisory decisions involving all personnel matters.
McKinley & DiMarco Insurance Services is an independent agency. This means we don’t work for any one specific insurance company. We have access to many markets, giving us the ability to shop your account and search the market for the best option for you. With captive insurance agents, like the big national companies, you only get the guidance of one company that sells one brand of insurance. With an independent insurance agent, like McKinley & DiMarco Insurance Services you may get as many as five choices or more