If you are in business there is always the risk of litigation and this can come from anyone of the public who may be injured on your business premises or suffer in some way from the goods you sold. It can also come from staff members who may have been injured while at work carrying out their duties.
Prevention is the best cure
The best way to cope with litigation is to prevent it from happening at all, by making sure that your premises are safe and meet all the Australian Standards required for your industry. It is also essential to have an evacuation plan and a plan for how to cope with any emergencies, such as a chemical spill or an accidental injury.
Then if litigation is the result, the courts will see that you did everything possible to make the workplace safe and this will work in your favour. Some accidents are truly accidental and nobody’s fault. Others are more the fault of the victim than the environment.
The other essential to have as protection against litigation is the proper insurances. It is as important to insure for the right amount as it is to have insurance in the first place. If you’ve only insured for a small amount that won’t cover your costs, you will not be able to use it to start up again, or to continue your business.