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Fort Collins Business & Commercial Law Blog

Making smart business choices requires investigation

You will have to make a lot of decisions throughout the course of your business' lifespan. We recently discussed one of these decisions -- financing. If you recall, we noted that you should carefully consider how various types of financial options might impact the course of your business.

In all cases, you have to make sure that you are thinking about the future of the business with each decision that you make. Many of the decisions that you make will come with contracts. You need to read over these carefully and review each point in them. This could help you determine if something is in the best interest of the business.

Understand how financing can help your business thrive

When you are in business, you need to ensure that you have the financing necessary to allow the business to thrive. Understanding financing and making sure that you have the appropriate plan to make the most of the financing you obtain available is imperative.

One of the factors that comes into the picture is what type of financing you need. In order to determine the best option for your business, you have to figure out the ratio of equity to debt your business has. From there, you can explore the different types of financing with this factor in mind.

Don't let a reckless driver get away with injuring you

It seems as though everyone is in a mad rush these days. While it is true that we live in a fast-paced world, trying to rush while driving is never a good idea. Drivers who are speeding can cause very serious accidents that could end up killing people or severely injuring them.

For the people who are injured in these accidents, finding out the reason for the unsafe driving is usually a priority. This information can often be crucial to a claim for compensation.

Understand pain and suffering damages in car crash cases

When you are in a car accident, there are a lot of things that can happen. You could be injured. Your vehicle might be damaged. You have to think about each of these points when you are trying to decide what you are going to do after the crash.

One thing that you might do is to seek compensation for the crash. On top of seeking compensation for the money you lost if you were unable to work and the expenses of medical care, you might also seek compensation for pain and suffering.

Take all the steps you can to protect your business

In our recent blog post, we discussed confidential agreements and why these serve an important purpose in the business world. But they are only type of agreement that you might need to use when you are in business.

It is imperative that you do everything you legally can to protect your business. This means that you have to think about the what-ifs that can in the future. Even if you think that you have all of your bases covered, it is usually best to double-check periodically.

What is a confidentiality agreement and why is it useful?

There are many things that you might want to keep hush- hush in your business -- not because they are illegal or underhanded, but because they could actually harm your business and help your competitors. This is the reason why some companies opt to have employees sign confidentiality agreements.

When you create a confidentiality agreement for workers to sign, you need to make sure that you have all your ducks in a row. The agreement needs to be as detailed as possible. Before you have any employee sign one of these agreements, you must ensure that it covers everything that you need to be held in confidence and that clear terms are outlined.

Even the smallest details matter greatly in car crash cases

When drivers are operating moving vehicles,their attention has to be on the road. Any activities that take the drivers' focus off of driving could lead to an accident. As such, those activities should be avoided while the vehicle is in motion.

In our previous blog post, we discussed how singing in the car might lead to a car accident. While this is something that most people don't think of as inherently dangerous, there are several risk factors that could lead to an accident. These include not being able to hear horns honking because the music is too loud and not paying close enough attention to the road.

Is it dangerous to sing and drive?

You get in the car, crank up the radio and sing along on your way home. It's fun, it's a way to blow off steam after a long day at work and you enjoy it.

What you may be wondering, though, is whether or not it's dangerous. Are you increasing the odds of an accident by singing along to your favorite songs?

Get ready for battle if an uninsured motorist hits you

On your insurance policy, you might have coverage for uninsured or underinsured motorists. This is important if you do end up getting struck by a motorist who didn't bother with insurance or who just stuck to the state minimum coverage. In both of these cases, you might find that the coverage or lack of coverage is insufficient for paying your bills related to the accident.

We know that you never expected this to happen and might not have the money to pay for everything on your own. Whether this is the case or not, you shouldn't be liable for paying for the damages of the accident when another motorist strikes you.

Colorado car insurance minimums are paltry

When some people buy a car insurance policy, they aren't always looking at the coverage amounts they are getting. Many only want a policy that is cheap and meets the minimum requirements of the state. However, this minimal coverage isn't always suitable for serious crashes.

Many experts cite $100,000 as the minimal coverage that a person needs for a per-person bodily injury policy. They further note that there should be at least $300,000 of bodily injury coverage per accident. If a person purchases the minimum coverage allowed by Colorado, they aren't getting coverage anywhere near those figures.

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