Actionable Measures To Curb Premises Liability Risk For Your Business

By David S. Chang

Businesses of all types and sizes are susceptible to personal injury lawsuits. If someone gets injured on their property due to negligence or lack of action, they may have to compensate the victim for injuries and damages.

Fortunately, a few measures, along with the right approach, can curb the premises liability risk for your business. Here are some measures to safeguard your business from complicated and expensive lawsuits.

Inspect your premises regularly

The first step for ensuring safety at your premises is to keep an eye on any potential areas of danger. Business owners and employees should act diligently to make sure that workspaces are clean and safe.

It is an ongoing task, rather than a one-time job. Although regular inspection may sound like a tedious effort, it can go a long way in preventing injury and saving the company thousands in the long-run. Additionally, it can also prevent reputational damage to the business.

Address the issues at the earliest

Every time a safety hazard or issue is detected during an inspection, addressing it at the earliest should be your top priority. Failing to resolve a known issue or risk opens the threat of a negligence lawsuit for your business.

It indicates a breach of the standard of care because you may have ignored a foreseeable risk that could cause potential injuries to the customers or visitors on your premises. The sooner you address the problem, the fewer are the chances of an accident and a subsequent lawsuit.

Hazard Warnings

While fixing the issue should be your top priority, it may not always be possible to handle some problems immediately. In such situations, you need to warn the employees and customers by putting up warning signs.

For example, putting a “wet floor” sign can prevent slip and fall injuries if there is a leakage under the floor. Slip and fall accident lawyers can bring up an argument that the warning sign wasn’t in place when their client got injured. A warning sign keeps prevent potential harm and also alleviates you of some liability if an accident occurs.

Train your employees

Another significant aspect of steering clear of premises liability is creating safety awareness among the employees and fostering a workplace culture that prioritizes safety.

A safety training program for the team can make them capable of preventing accidents in the first place and confident about handling these if they still happen. Establishing a standard protocol for managing potentially unsafe conditions is a good idea as it can save your time and money in the long run.

When it comes to premises safety, prevention is the best approach. It can curb the threat of lawsuits and keep your business out of trouble.

David S. Chang

Award-Winning Entrepreneur, Wealth Manager and CEO | Chief Editor, Author, Keynote Speaker, Consultant ArtofThinkingSmart.com | Political Consultant | Army Officer National Guard | Living To Fulfill Needs, Solve Problems, and Live Passionately!

Categories

FREE Download!

5 Awesome Tips to SMART Productivity

A Step-by-Step Process on How to be More Effective and Efficient at Life!

Top Financial Advisor Blogs And Bloggers – Rankings From Nerd’s Eye View | Kitces.com

Get ATS Updates in Your Inbox!

Get the latest from the ATS blog delivered right to your inbox!

Contact Us

  • This field is for validation purposes and should be left unchanged.