Construction Business Protection Texas. The Bureau of Labor Statistics notes that more than 100,000 accidents related to construction take place in the United States each and every year. Of this number, many construction businesses run the risk of being sued, and even if the business is determined to not be at fault, lawsuits can still involve a large amount of both time and money – so much so that the company can end up suffering irreparable damage as a result.
Thankfully, there are ways in which your construction business can be protected against these kinds of issues.
Here are three tips to consider making note of in order to help protect your Texas construction business.
*First and foremost, perhaps one of the best tips to help you protect your construction business in Texas is to always use written contracts no matter what. These kinds of contracts should be used whenever you enter into business with either owners or subcontractors. Regardless of the overall size of the job, or even your present relationship with the other party, written contracts can help to protect you from a lawsuit as well.
*Another of the best tips to help you protect your construction business in Texas involves warranties. More specifically, signed contracts should always contain a clear description of any and all warranties, as well as their durations. Additionally, the contract also should include waivers and clear exclusions of other warranties, such as implied warranties.
*Construction Business Protection Texas. One other useful tip to protect your construction business in Texas is to review all contracts. This is something that should be done with an attorney who is experienced in the field of construction law. Make sure that the contract fully reflects the intentions of all parties, as well as their agreement on all work that is to be completed.