Date April 2, 2019
You hoped it would never happen, but in the back of your mind, you knew it could: Your small business is being sued. Now what?
Whether it has been filed an employee, client, vendor or even another business, a lawsuit against your company will likely cost you a lot of money, whether you win or lose. It's normal to feel overwhelmed, upset and indignant, but if you want to keep your business and its reputation intact during this time, it's important to handle every step of the process carefully.
Of course, lawsuits are unwanted but sometimes it is just unpredictable and inevitable. Starting a business with a financial protection is a wise solution. Insurance always comes up with this function, paying premium to protect a low probability but possible event happened.
Professional Indemnity Insurance not only play roles on financial and reputation protection while going through a litigation. Also, it accelerates you getting some professional or necessary licenses to start or expand your business.