Limit Your Liability to Protect Your Assets
If your business runs into serious difficulty, will it bring you down too? For example, what if one of your employees got involved in a serious car accident while working for you? Will the resulting lawsuit bankrupt you personally?
Here are just a few ways of protecting yourself against catastrophic losses and lawsuits.
1. Obtain Adequate Insurance Coverage
If someone slips on the sidewalk of your home and injures himself, he could sue you for damages. Your tenant’s or homeowner’s policy may cover you for liability in such an event. Read the rest of this entry »