When you own a business, especially a successful one, lawsuits are sometimes inevitable. Small businesses are a popular target because people assume most will settle rather than go through the hassle and costs of defending a suit.
“If you haven’t been sued at some point then you probably haven’t made that much money,” says Charley Moore, founder and chairman of RocketLawyer, an Internet-based legal service. “It's pretty unavoidable in a successful business’ life span.”
Although there’s no guarantee your business won’t ever be sued, there are steps you can take to mitigate the risk.