Business of Design ® | Interior Designers, Decorators, Architects & Landscapers

EP 236 | Protect Your Business with Braden Drake

08.24.2021 - By Kimberley SeldonPlay

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As design professionals, we have a high earning potential, but it’s impossible to realize that level of profitability without taking some risks. To protect your business and your mental health, a layered approach to legal protection keeps you safe and able to do your best work. Braden talks attorney with us in a non-attorney way.

In this episode we learn:

- for maximum legal protection, it’s best to seek a layered solution

- initial layers of protection include insurance and contracts

- after the initial layers of protection are in place, assess your personal risk aversion to decide if you need further protection

- to indemnify another party is to compensate that party for losses that that party has incurred or will incur as related to a specified incident

- alternative dispute resolution is a means to solving a dispute outside of court

It’s time to take control of your business.

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