If you are a construction professional, you might have decided to start your own construction business. After all, you might like the idea of being your own boss. However, as the actual owner of a construction business, you should know that you face more challenges than you dealt with as a construction employee. For example, you likely have never had to hire a lawyer before, but you are going to need one now. These are some of the top ways that a commercial lawyer can help you as someone who runs your own construction business.
Discussing Your Insurance Needs With You
You might know that you need insurance to protect your business, but you might not be sure about the insurance types that you need. You might not want to ask an insurance agent, if you are worried that they will sell you insurance that you don't actually need. A lawyer can advise you about things like liability insurance, workers' compensation insurance, and other types of policies that you might need.
Drawing Up or Reading Contracts
As a construction contractor, there is a good chance that you will sign a lot of contracts while running your business. For example, with each client who you are doing work for, you need to sign a contract that outlines how much you're charging, what work you will be performing for the price, and more. A professional can help you with drawing up these contracts, or they can read over any contracts that your clients have asked you to sign.
Hopefully, you will not have to worry about being sued when running your construction business. However, this can happen at some point or another. If one of your employees gets hurt on the job, your business could be sued. If you make a mistake when building or renovating someone's home or commercial building, you could be sued. If you damage someone's property while you're performing construction work for them, then a lawsuit could happen.
Speaking with a lawyer now is a good way to find out about the different types of lawsuits that you could face while running your construction business. This can help you take steps to protect yourself and can help you be prepared for what might happen. If you do end up getting sued, your business lawyer can represent you in court, help you with offering settlements and otherwise help you handle the lawsuits in the best way possible for you and your business.
Contact a commercial law firm to learn more.