Small businesses operate in a dynamic and often unpredictable environment that comes with various challenges that may require legal action. Not all legal challenges facing businesses are the same, and it may be in your best interest to work with attorneys practicing in different areas of law to handle issues. For example, the attorney you use to pursue delinquent payments from clients may be different than the lawyer you call if you’ve received a notice of claim letter.
While many small business owners may overlook the need for legal counsel until something goes wrong, knowing who to call when an individual or business is threatening your livelihood can offer numerous benefits.
One of the primary reasons for small businesses to have a lawyer is to ensure that their interests are protected. While insurance companies provide valuable coverage and legal representation in certain situations, their primary obligation is to their shareholders. Depending on the situation, those interests may not always perfectly align with the best interests of the insured business owner.
For instance, when faced with a liability claim, insurance companies may prioritize minimizing costs by settling quickly. While this approach may benefit the insurance company's bottom line, it may not make sense to a business owner who believes they are in the right and doesn’t want the tacit admission of fault a settlement might imply, especially if there’s a risk for reputational damage.
By having a dedicated lawyer who represents their interests directly, small business owners can ensure that their rights are upheld, their priorities are advocated for and their long-term interests are protected.
Another crucial benefit of having a lawyer for small businesses is the alignment of priorities in legal matters. A misalignment of interests between the business and its insurer can potentially lead to conflicts or misunderstandings, particularly in situations where the insurance company's decisions may impact the business owner's reputation, finances or future operations.
For example, suppose a small business faces a lawsuit from a customer who suffered an injury on their premises. The customer is seeking compensation for medical expenses, lost wages and pain and suffering. From the insurance company's perspective, an expedited settlement may be seen as a cost-effective solution to resolve the claim and avoid the uncertainty and expenses associated with prolonged litigation.
However, for the business owner, the primary concern may not solely be about minimizing financial costs. They may also be concerned about protecting their reputation, maintaining customer trust and avoiding adverse publicity that could harm their business in the future.
They may also be far more familiar with the customer bringing the claim, their property, the behavior and training of their employees and believe settling what they perceive to a be frivolous injury claim will just encourage similar claims against their business in the future.
While a quick settlement may offer short-term financial relief, especially if the insurance company is willing to cover most of the payment, it may not fully address the business owner's broader concerns or protect their interests in the long run.
By obtaining a lawyer who is solely focused on representing the business owner's interests, small businesses can ensure that all of their concerns are heard and their priorities are respected throughout the legal process.
Besides addressing specific legal matters, having a lawyer can also help small businesses proactively manage risks and ensure legal compliance. A skilled attorney can assess potential risks, identify areas of vulnerability and implement measures to mitigate legal exposure.
Some common business risks attorneys can help mitigate include:
By having a lawyer who is well-versed in legal regulations and best practices, small businesses can operate ethically, responsibly and in accordance with applicable laws and regulations.
Are you facing legal challenges or disputes in your business operations? Don't navigate the complexities of commercial litigation alone. The Law Office of Cameron Hawkins in Atlanta is here to provide the expert legal counsel and representation you need.
Schedule a case evaluation today by calling 678-921-4225. Cameron Hawkins is committed to handling your case with professionalism, diligence and thorough attention to detail.
Law Office of Cameron Hawkins | All Rights Reserved
Disclaimer: The content on this website is for informational purposes only. This site and the information contained within is not legal advice, nor is it intended to be. Contacting the Law Office of Cameron Hawkins does not create an attorney-client relationship. Internet users should not act upon information contained on this site without first seeking advice from an attorney. Please refrain from sending any confidential information to The Law Office of Cameron Hawkins until an attorney-client relationship is established.
Disclaimer pursuant to Georgia Rule of Professional Conduct 7.1(a)(6): The statement "no attorneys' fees unless we are able to secure a verdict or settlement on your behalf" refers only to those fees charged by the attorney. Court costs and other additional expenses of legal actions usually must be paid by the client. Contingent fees are not permitted in all types of cases.