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How To Avoid A Costly Premises Liability Lawsuit

How to Avoid Costly Premises Liability Lawsuits

Written by Professional Restoration on January 04, 2019. Posted in Damage Prevention.

If you’re a business owner, and especially if you’re a small business owner, one injury lawsuit can sink your whole business.

According to Colorado statute, any landowner found negligent in the injury of another could be held liable for damages. And depending on the injury, damages can reach hundreds of thousands of dollars in medical costs alone.

Below, the expert technicians at Professional Restoration review the best ways to avoid a costly premises liability lawsuit.

Get the Right Insurance

Any business that engages the public on its premises needs to purchase general liability insurance (GL), sometimes called business liability insurance.

This insurance is available to protect the business from a variety of claims including bodily injury, property damage, and other claims that may rise during daily operations.

In some cases, this insurance is combined in a business owner’s policy, or BOP, but not always. You may think you have the right coverage only to learn the hard way that you don’t.

Business owners should read their policy carefully to understand what’s included and how much money is available to cover damages.

Should you face a lawsuit, the insurance will pay out for the plaintiff’s medical expenses, lost wages, and pain and suffering, but only up to the limits stipulated in the policy.

The work your business does and the assets you must protect will ultimately determine how much coverage you should purchase to avoid financial ruin.

Take Preventative Measures

One of the best ways to avoid a premises liability lawsuit is to create safety procedures and implement a safety plan.

The onus is on the employer to create safety policies. It is also his or her responsibility to train employees.

The safety policies you will need depends in large part on the business. For example, restaurants and retail stores interact regularly with the public, so making sure the sidewalks, interior floors, and bathrooms are safe should be a regular practice.

Conversely, an industrial warehouse may only interact with the public when dealing with delivery trucks and the postal service, so safety policies may be less robust.

Once you’ve established a plan, share it with employees. Have employees sign off on these tasks as they’re performed to keep a clear record of your safety efforts.

What Should You Look Out For?

Dangerous conditions can take many forms on a business property. As a business owner, it’s your job to think proactively about safety, which means recognizing potential dangers before they become a problem.

If you’re new to all this, knowing where to look for potential dangers can be just as daunting as fixing them.

Here’s a helpful list of common property pitfalls:

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Call Professional Restoration Today!

Professional Restoration specializes in supplying Denver, CO clients with exceptional care and dependable restoration practices. Our decades of experience have enabled us to tend to a wide variety of projects with the knowledge and expertise our clients deserve. Our services include a wide range of restorative work, from water and fire damage to mold remediation, sewage maintenance, and structural repair. When the time comes to invest in a high-quality restoration company, look to Professional Restoration to supply you with skilled staff members, reliable techniques, and courteous customer service.

Call Professional Restoration Today!

The Professional Restoration team’s specialty is in offering complete, in-house restoration services to address any type of property damage. Through our decades of experience, we are able to help with everything from the restoration of water or fire damage, to mold removal, and reconstruction services.

We understand that living and working through the restoration process with a remediation and water restoration company can be an incredible headache. That’s why the team at Professional Restoration will be at your side every step of the way, including dealing with your insurance company to ensure the process is manageable and equitable for you. Our staff has decades of experience navigating the intricacies of insurance claims and we’re prepared to put our expertise to work for you. When you’re ready to look for a commercial restoration company, consider Professional Restoration for our reliable processes, certified staff members, and superior customer service practices.