Do Not Allow Your Assets to Be a Sitting Duck!

You might think of yourself as a suave business person or way above getting your property swept from right under you. If it is common knowledge that your nest egg is quite sizeable, then you may be a target for trial lawyers. They will be tempted to get some if not all of your assets.

Why would anyone target you?

In the corporate world, there are things that sometimes befall business people even unwittingly. This is why it is important to seek the services of experts like Titanium Asset Protection or other asset protection firms to ensure that you are safe. The following could beat a fast track to your business:

1. Claims of malpractice

If you are a financial advisor, you could be accused of tricking your clients into buying an investment plan that is unsuitable for them. If proven in any court, you would be held personally liable and that could cost you quite a chunk of your assets.

2. Breach of contract

When your business involves contracts, you should be careful to fulfill your side of the contract. A little oversight could lead to your ruin. Trial lawyers would jump at the opportunity to grab whateverthe can from you.

3. Vehicular accidents

Should one of your drivers cause an accident, especially one that ends in fatalities, you will be held responsible; not your driver. The victim’s legal team will huff and puff till your house comes crashing down.

4. Work-related accidents

You should ensure that your employees are adequately covered for this. If you do not and one gets injured in the cause of their work, you will be required to pay for their treatment and also take care of their expenses during recovery. You could also be put on the spot for not having a cover for your workforce.

5. Products that are not up to standard

You should ensure that what you have and what you advertise are one and the same and they work as you claim. Imagine having a beauty product that your company claims leaves the skin supple and soft, then a number of consumers get it and they experience burning sensations and it leaves their skin covered in sores. You would be ruined! Always ensure that your products are not faulty.

6. Sexual harassment complaints

Whether this can be proved or not is not the issue. If it gets out there, your reputation is ruined. It is always prudent to ensure that everyone at the firm is of good conduct and will not be accused even of innuendo.

7. Discriminationin the workplace

Whatever form of discrimination that can possibly pop up – racial, gender-based, or condition-based – can put a blight on your company. The human resources department might have your company’s best interests at heart, but if an employee gets the feeling that they were fired because they were diagnosed with asthma, that is a lawsuit waiting to happen.

8. Copyright issues

Be careful with trademarks. You might be using an image or song innocently until the original creator happens by and demands their rights. Those suits could run into the millions!

You will be well advised to seek advice from an outfit like Titanium Asset Protection for guidance on how to conduct your business affairs and get your assets protected to avoid losses due to misdemeanours and occurrences beyond your control.