Posts Tagged ‘Liability’
How a Product Liability Lawyer Can Help Scale Your Small Business
Scaling a small business is an exciting yet challenging endeavor. As your business grows, so do the complexities involved in maintaining quality, ensuring safety, and managing risks. Among the many professionals you’ll need on your side, a product liability lawyer plays a crucial role in safeguarding your business from potential legal pitfalls that could hinder…
Read More10 Kinds of Potential Criminal Liabilities Businesses Could Be Exposed to in Singapore
Singapore is famous the world over for its unique laissez-faire approach to business. Not only do businesses enjoy very favorable tax rates but incorporating a business only takes a day in the city-state. However, this freedom to do business is not nearly as expansive as some pundits might have you think. The country’s legal frameworks…
Read MoreThe Legal Landscape: Navigating Professional Indemnity Insurance Requirements
You devote endless hours and effort to building your professional reputation and career. Attention to detail, adherence to industry regulations, and commitment to serving clients lay the foundation. Still, accusations of oversight, mistakes, or negligence can emerge despite your diligence. An angry customer, disgruntled employee, or unintended errors could all spark formal claims against you.…
Read More5 Business Liabilities That Can Cause You A Ton Of Trouble
Unless you’re running a sole proprietorship or an S corporation, chances are good that you need to file some sort of business entity paperwork to protect your personal assets from the liability risks inherent in operating a business. Business liability is one of those things that most small business owners tend to think about only…
Read MoreYou’re Being Sued for a Work Accident: Here’s What to Do
Workplace injuries are increasingly common around the world. There are approximately 340 million work-related accidents and disasters each year, as reported by the International Labor Organization. Evidence shows that injuries are largely underreported, which is believed to be present in countries at all levels of development. An occupational accident can result in serious negative effects…
Read MoreDo I Still Need Insurance If My Business is Closed?
Almost eight million businesses are at risk of permanently closing due to the coronavirus pandemic. Many small business owners are struggling with the decision of when and how to safely get back to work. If you’re one of the millions of businesses that had to change its operations in recent months, you may be wondering…
Read MoreDon’t Believe the Myths Around Director’s and Officer’s Liability
Whether your business is at either end of the scale of being a small or a large corporate, each faces potential risks, regulations and litigation. Director’s and Officer’s liability insurance (D&O insurance) provides financial support and defense against potential investigations into their behavior and the possibility of being sued. Without such insurance, the company will…
Read MoreInsurance Policies That Can Protect Against Payroll Mistakes
Running any business is rewarding, but it also comes with risks. No matter how prepared you think you are, there will always be challenging instances. And you need to make sure you’re well-protected. From financial protection to preserving your brand and reputation, business insurance can help shield you from a business disaster. Insurance is crucial in any…
Read More5 Fundamentals of Limited Liability Corporations
A Limited Liability Company (“LLC”) is a hybrid business entity which contains elements of a partnership and a corporation. LLCs consist of members and managers. An LLC may provide tremendous benefits for its members, which include asset protection, intergenerational transfers, tax saving strategies, wealth preservation, flexible management structures, and clarity on the roles of all…
Read MoreAsbestos Claims: Could Your Business Be Liable?
Asbestos needs to be taken very seriously. It is responsible for thousands of deaths every single year—in 2016 it claimed the lives of 2,595 people suffering from mesothelioma, as well as causing a number of other fatalities in the of asbestosis and additional conditions. In addition to the number of deaths, asbestos is also the…
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