Every business, no matter the size, has the possibility of being sued. One type of lawsuit your business could face is a defamation lawsuit involving libel or slander—meaning false statements that cause a person to suffer in some way. Here is some helpful information to help you understand and protect yourself from this kind of lawsuit.
What are libel and slander?
Libel is a written false statement that causes harm in some way. Slander is a spoken false statement that causes a person to suffer. Both of these charges can have serious and often costly consequences.
How can you make a claim regarding defamation?
There are some criteria that have to be met to file a defamation claim:
- A statement, either spoken or written, has been made
- The statement is not true
- The statement caused injury or harm of some sort
- The defendant caused this injury or harm
How can you defend against charges of defamation?
There are a couple of ways you could prove the charges to be unjust:
- Show that the statement is, in fact, true
- Prove that the statement was an opinion based on facts
Protecting yourself with Liability Insurance
Liability insurance covers your legal expenses and often part of a settlement in defamation cases. To receive coverage in cases like these, you will need to prove that you acted inadvertently or unknowingly. If you knowingly spoke or wrote a false, damaging statement, your liability policy may not cover you.
Not every business has the same liability insurance needs. For instance, construction companies will have an overall higher liability risk than a retail company. Know what your business’ risk is to get the coverage you need to protect your business from any liability it might face.
Contact Patterson & Associates Insurance in Richardson for all of your Texas business insurance needs. Let them keep your business safe against slander and libel. Know your risks and get protected with a business insurance quote, today!