The five legal securities all wedding suppliers should have in place
20 Sep 2018
Spare your business the potential hassle of legal costs or financial losses which are easily avoidable by taking note of these five legal securities
Whether you’re the owner of a space perfect for exchanging vows or you make bespoke wedding dresses suited to any bride, every wedding business should have legal securities set in place, to protect itself if things don’t go as planned.
To help you get yourself protected, the legal experts at The University of Law have listed the five legal securities you should make a top priority when supplying clients with everything they need for their big day.
Public liability insurance
When running a business, it’s important to cover yourself in case a member of the public has an accident on your property. While this is particularly true for owners of a venue in case someone trips and falls on the day, it’s also an essential for shop owners. It is also required by wedding performers such as musicians, DJs and entertainers and anyone whose business involves interacting with members of the public.
Public Liability Insurance covers everything from legal expenses, cost of repairs and any medical fees you might be asked to pay, but will not protect you against damage to your own property or incidents that affect your employees - which are all covered with general business insurance.
Product liability insurance
Like public liability insurance, product liability insurance is there to protect you against compensation claims a customer might make against you. However, rather than these claims being a result of an accident on your property, they are for injuries or property damages caused by a product you have sold them.
Not only will this insurance cover the compensation costs, but also any legal fees you may incur during the process. As well as being liable if you manufacture the products yourself, it’s important to remember that you are also likely to be liable if:
- The products hold the name of your business
- You’ve repaired or refurbished the product
- The manufacturer cannot be found
- The manufacturer has gone out of business
- The manufacturer is based outside of the EU
If you’ve just started out or your business is quite small, it can be easy to think you don’t need terms and conditions between yourself and a customer – but you do.
Without them, what would happen if you’re too ill to create the floral arrangements or bake the cake? Protecting yourself against incidents like this is essential, especially if you work alone and have no-one who can support you when you’re incapable of getting the job done.
Seek legal advice when it comes to creating a standard terms and conditions form and issue to all customers. Don’t carry out any work without the document signed.
Where client contracts protect you when you must cancel an order or booking, deposits give you financial security when the client or customer does the cancelling. If you are the owner of a venue, it is also worth asking for a fee which covers any potential damage. Generally, this is given back to the client following no damage, whereas the first example is included in the overall costs.
Intellectual Property Law
If your business includes unique designs or the need for patents and trademarks, then knowing all about intellectual property laws is key. Not only can it help you file for a patent, it can also help you discover if your creation already exists, and ensures investors sign a confidentiality agreement. Seek legal advice to see how intellectual property law can help you.
Running a business can be stressful, so get yourself protected and allow yourself the luxury of one less thing to worry about.