For many people, being a business owner is a lifelong dream. While some folks don’t mind being an employee at a larger company (or even a startup), there will always be people who are built for management. If you’re an entrepreneur who dreams big dreams, and it’s your first time in a senior role, it’s in your best interest to do some research. Negligence when it comes to the services you use in a management role can end in loss of profits, or worse, a lawsuit.
With that being said, what services should you have for your business? There are lots of services that are good investments, but only a few are crucial. Let’s take a look at a few of those below.
Find a personal injury lawyer you can trust.
You may think that a personal injury lawyer is only for personal injuries, and as a business-person, those personal injuries don’t apply to you. That’s where you’d be wrong. Any experienced lawyer will tell you that there are plenty of reasons why you should hire a personal injury lawyer, chief among them being to protect yourself in case of a personal injury claim against you.
If an employee drops a 5-gallon bottle of water or any other heavy object on their foot, if a client slips and sustains a serious injury on your premises, if a salesperson gets in a car accident in a company car–you may be liable. Unless you want to open yourself up to a world of pain and paying people’s medical expenses, it’s a good idea to have a personal injury lawyer on retainer. Having a personal injury lawyer on your speed dial saves you a lot of time you would otherwise be spending finding someone to navigate the personal injury claims that will, inevitably, come your way. Find a great law firm, and enjoy the peace of mind that comes with it.
Contact an insurance company to get the right coverage.
The other side of that coin is calling an insurance company and getting covered for all the various accidents that may happen on your premises (or in your company car). After all, you don’t want to be personally liable for someone’s medical bills, even if the cash they receive is a totally fair compensation for any serious injury incurred. Adjusters for an insurance company can advise you on how much business liability insurance you should have. Such information will come in handy should any extreme situations come to pass.
Taking care of your employees is in your best interest.
Not only will taking care of your employees ward off any likely personal injury lawsuits, it’s also the perfect solution when it comes to encouraging motivation and loyalty. Of course, if you can, you should offer benefits like health insurance to help with medical expenses and coverage for visits to the dentist. You should also have snacks and water cooler delivery set up so that your team members have all the tea and spring water they should want.
As an extra benefit, consider offering incentives, like a gift card to a day spa, for the best performing employees. Check out some tips for getting ready for your first time at a spa, and provide little treats like a towel with the company logo for the sauna or a specific gift card to see a massage therapist. This investment in your team’s quality of life will be greatly appreciated.
When it comes down to it, being a successful business-person is about protecting your enterprise and investing in the assets that make your company great. Treat your employees well, and get a personal injury lawyer in your corner. Add business insurance from a reputable insurance company to that, take a deep breath, and you’re on the path to greatness.