Do you and your Insurance Company know your Liability?
Traffic signs are everywhere. They provide us with warnings, directions and information. They can be found along public roadways, private roadways and parking lots. As of June 13, 2014 all agencies with public and private roadways which are opened for public travel are required to have a traffic sign assessment and management plan in place.
I know what you are thinking, that’s great the government has more paperwork to add to their already inflated bureaucracy. Though that may be the case, if you are a commercial or industrial business, mall, shopping center, home owner’s association, convenience store, gas station, just to name a few, with a parking lot or roadways, you should be preparing for traffic sign Retroreflectivity.
Why should you be concerned or taking note of traffic sign assessment and management? Well simply put if you allow motorists to drive on your property, which would almost be impossible not to, you are entering new realm of possible liability.
You along with your Insurance Company should know what the failure to prepare and plan for traffic sign assessment and management can mean. I bet most agencies and businesses don’t even know what traffic signs are