Protecting Yourself From Lawsuit

Protecting yourself from lawsuit has become increasingly important in today's society where suing someone is the rule rather than the exception. True, this is more of a danger for a corporation or company than private citizens, but it can and does happen.

To protect yourself and your family from the devastating effects of a lawsuit one of the best things you can do is to ensure that you have good auto and homeowner's insurance. This will not stop a lawsuit, but it will help protect you in the event that a civil suit is brought against you.

Some other tips to help protect yourself from lawsuit are really just common sense approaches to everyday life. If you own a home, always ensure that there are no safety hazards inside or out that a guest may encounter. Keep your walkways clear of snow and ice, if you have a dog, post a beware of dog sign; in more than one location as well as in plain site.

Understand that a civil suit can be brought against you for criminal acts as well. If you get into a fight with someone and injure them, not only will criminal proceeding be brought up against you, but you may also find yourself in the middle of a civil lawsuit as well.

It is a good idea for homeowners to take a class in homeowner liabilities to learn how to protect yourself. You really just never know when you may find yourself liable for someone's injury as the result of a visit to your home. Essentially, a homeowner can be sued for many of the same things a business can be sued for. There are liabilities that you may never have even thought about. Such as a door that leads to a dark staircase. If you have a party without a caution sign above the door, and someone opens it and plunges down into the darkness. You are liable for this.

Another snag to be very careful of are contracts, rather they be for a health spa, or those fly by night loan establishments. If you do not fully understand the contract, do not sign it. Though this may seem very elementarily, it is surprising how many people sign contracts without ever reading them. Many of these title loan businesses', or those quick loan places have some extraordinary interest rates and you may find yourself paying a great deal more than you borrowed, even if it is a short term loan. These same businesses will bring a lawsuit up against an individual very quickly if they are short or late on their payment.

If you run a business, the very best way to protect yourself and your family from lawsuit is to incorporate that business. In the event that a lawsuit is ever brought against your company, you and your personal assets will be protected because your corporation will be considered a separate entity, therefore releasing you from being personally responsible.

As the result of the "lawsuit" being an American way of life, it is essential to take some simple steps to protect your life's assets.


Information is for educational and informational purposes only and is not be interpreted as financial or legal advice. This does not represent a recommendation to buy, sell, or hold any security. Please consult your financial advisor.