The cost in money, time and energy of defending a lawsuit can bring even the most healthy company to the brink of bankruptcy…or beyond. Just as any business is vulnerable to fire or theft or vandalism, any business can be badly hurt by a liability lawsuit.
Such legal actions can take many forms. A customer might slip on the icy sidewalk in front of your building and break a leg. An associate could forget to sign out of his or her desktop computer, leaving sensitive company and customer information vulnerable to unauthorized access. Or, you could be working with a customer in your conference room and accidentally spill your coffee on her laptop, destroying her files. Any or all of these things could lead to a costly liability lawsuit.