In this webinar replay, Matt Schumacher, Director of Tax Planning at Tavola Group, is joined by attorney Giovanny Avendaño of Tavola Law, to discuss how business owners and real estate investors can prepare for and respond to legal challenges. The session shares strategies to protect your business, safeguard assets, and maintain confidence when unexpected situations arise. Book a consultation with us to explore how these strategies can apply to your own business.
Understanding Legal Claims and Lawsuits
A legal claim occurs when someone asserts a right to money, property, or a legal remedy. These claims can arise from injuries, property damage, contract disputes, or professional actions. Lawsuits represent formal claims filed in court, demanding a resolution through legal channels. Knowing how to identify these situations early can help you respond effectively and protect your business.
Immediate Actions When a Claim Arises
Time plays a critical role in managing claims and lawsuits. Responding promptly ensures you meet legal deadlines and preserve evidence. Notify your insurance carrier as soon as possible to confirm coverage and avoid gaps. Document all relevant details, including contracts, photos, videos, and witness statements, to strengthen your defense.
Choosing the Right Legal Support
Selecting the right attorney can make a significant difference in the outcome of a claim. Evaluate expertise, experience, and track record relevant to your industry and the type of claim you face. Consider engaging independent or coverage counsel if conflicts arise with your insurance carrier. Early legal involvement helps prevent costly mistakes and mitigates potential exposure.
Common Mistakes to Avoid
Avoid ignoring claims, destroying documents, or engaging directly with claimants without counsel. Social media responses can unintentionally create evidence against your business. By taking proactive measures, you reduce risk, maintain insurance coverage, and strengthen your ability to respond to legal challenges.
Protect Your Business Today with Tavola Group
This webinar replay demonstrates that legal and financial challenges are an unavoidable part of running a business. Preparing in advance with clear strategies and professional support provides clarity, confidence, and the ability to respond effectively when challenges arise. Schedule a consultation with us to learn more about safeguarding your business and assets.
