Owning a retail store can be a great way to make a living, but it does come with its own risks. Not only do you have to worry about bringing in enough business and profits to stay afloat, but you also have to worry about the potential of lawsuits, such as a slip and fall lawsuit. These are a few things that can help you protect your business from the major financial issues that can go along with one of these lawsuits.

Ensure You Have Ample Insurance Coverage

First of all, you will want to make sure that you have business insurance that will help protect your business in the event of one of these lawsuits. With the right coverage, you can ensure that your insurance company takes care of the costs that are associated with one of these lawsuits. Consider talking to your commercial insurance agent about your concerns to see if you need to add or tweak your coverage.

Use Floor Mats in Slippery Areas

One excellent way to help prevent customers from slipping and falling is to use floor mats in slippery areas, such as near the entrance and exit doors, in front of any fountain drink machines and in any other areas where there might be water or other slippery substances on the floor.

Utilize "Wet Floor" Signs

Buying a few cheap "wet floor" signs and using them is a smart way to let customers know about slippery areas and to show that you are taking the necessary steps to try to keep customers safe. For example, you will want to use them near entrance doors on rainy or snowy days, when people might track moisture and mud in on their shoes, and you will want to use them when you're mopping the floors.

Perform Regular Inspections

Encourage employees to walk around the store regularly throughout the day to check for spills. Then, they can be handled as quickly as possible. This is smart both to protect people from slipping and falling and also to help you ensure that your place of business is nice and clean at all times.

As a business owner, you might be seriously concerned about the possibility of a slip and fall lawsuit. This is a legitimate concern, but there are ways that you can protect yourself and your business. Follow these tips if you'd like to help prevent your business from being crippled by one of these lawsuits.