One of the biggest fears of any company or business is the nuisance lawsuit. Someone who hopes to collect from the insurance company of the company or business files the nuisance lawsuit. The people filing nuisance lawsuits feel that the company or business won’t have any loss since they have insurance. This statement is wrong since it takes time to defend against a nuisance lawsuit. The best defense against a nuisance lawsuit is a comprehensive security camera installation at the place of business.
Insurance companies will often settle frivolous lawsuits out of court. They will provide a monetary settlement to the party that claims to be injured if there is no proof that the injury did not happen where they claimed it did. The cost of settling the lawsuit out of court will be apportioned to all of the businesses that utilize that insurance company in the coming years. This cost will be realized in higher premiums for insurance. A security camera installation will often cost less than the aggregate sum of the increased insurance premiums.