Lawsuits happen everyday. No one is immune to being sued, which is why it is so important that do everything that you can to protect yourself. There are certain things that you can do to protect yourself from a lawsuit, and if you are sued, things you can do to simplify the process. Here are some things you need to know.
1. Make Risks Known
One important thing is to make sure that you are always honest about the risks. For instance, if you have a trampoline in your back yard, it is important that you tell children when they are playing on it, that it is very dangerous. You could even put up a sign that says that they jump at their own risk. Additionally, if you have a swimming pool in your yard, make sure you have a sign that says that there is no lifeguard on duty and that they swim at their own risk. This will protect you if there were to be an accident on your property. You obviously warned people about the risks, and absolved yourself of responsibility for their safety.
2. Keep Documents and Records Of Correspondence
If you are resolving a dispute or issue with someone you should always keep track of your conversations. Even if it is something as simple as building a fence with your neighbor, you should have emails, letters, and contracts that prove the agreement that the two of you came to.
Although you would never expect that things will go bad, very often things don't turn out the way you want. You need to be prepared to cover your own tail if there ends up being a problem.
3. Get Liability Insurance
In your homeowners insurance policy you can get liability insurance. This is a very good idea and should never be ignored. This liability insurance will help to cover the costs of a lawsuit and any damages that you might be responsible for. If you don't have liability insurance then you will be completely responsible for these expenses on your own. This could be devastating depending on the nature of the lawsuit.
Liability coverage doesn't add that much to your policy premiums, but could be the difference between bankruptcy and financial security down the road.
These are just a couple things that you should do to protect yourself. If you have any concerns about protecting yourself from a lawsuit, talk to a personal injury attorney.