7 tips to not get sued

Make sure you are capable of delivering the services the client demands. “Your clients expect you to be the most knowledgeable and up-to-date trained professional,” says David Lo Verso, vice president of underwriting for accountants’ and wealth advisers’ professional liability insurance at Jorgensen & Co. “So stay on top of licensing requirements and the ever-changing revisions to state laws and statutes.”
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The U.S. Department of Labor has increased its auditors in the field. Make sure you conduct internal audits for health plans and wage and hours so that your clients feel prepared should an auditor knock on their door, says Craig Davidson, broker coach, founder of Davidson Marketing Group and EBA columnist. If you don’t prepare them, they may be subject to penalties and turn to you with a lawsuit at the end.
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