Five Steps to Control Legal Risk

Benjamin Franklin coined the axiom that an ounce of prevention is worth a pound of cure. In the 1970s, Fram oil filters used the advertising jingle of “Pay me now or pay me later” to tout buying a $4 oil filter regularly to prevent having to replace an engine later on. Taking a small amount of time to address a potential problem up front will often save a substantial amount of time and money down the road. This is as true in the legal and compliance world as it is in the healthcare and automotive fields. Here are five steps your business can take to help control legal risk: