Business Torts Wk 2
Business Torts
Pearl leos
University of Phoenix
Buisness Law/ 531
Kelly Dickson
June 10, 2010
Proposed actions a company may take to avoid tort liability and litigation are vital to organizations. Proposed actions a company may take to avoid product liability risk may be a way out of liability issues. Assessing methods for managing legal risk arising from domestic and international regulatory matters is the best way to beat business torts. an integral aspect of a business liability practice is to take ongoing proactive measures through direct collaboration to avoid lawsuits before they are filed. Seeking advice from government authorities, specialists and risk-management consultants is a technique buinsess should use. It is in every company’s business interest to allocate resources to identify risks and avoid descrepancies within the buisness (Parchomovsky, 2008).
Business Torts In order to develop methods to reduce or eliminate torts, risks need to be identified and steps need to be taken. Proposing actions for a company to avoid tort liability and litigation is a way to keep ahead of the game. A company may take actions to avoid product liability risk such as; identifying risk, risk management, analysis and risk control to avoid torts. Assessing methods for managing legal risk arising from domestic and international regulatory matters is vital.Employing risk and management principles will not always prevent a businesses from being sued or from suffering loss but financial burdens can be significantly reduced.
Identifying Risk An integral aspect of a business liability practice is to take ongoing proactive measures through direct collaboration to avoid lawsuits before they are ever filed. Not all companies understand how to completely guard themselves of outside entities that have ill will and malice intent therefore it is important to completely understand how to handle these circumstances. Such risks have an impact on a company’s existing
Pearl leos
University of Phoenix
Buisness Law/ 531
Kelly Dickson
June 10, 2010
Proposed actions a company may take to avoid tort liability and litigation are vital to organizations. Proposed actions a company may take to avoid product liability risk may be a way out of liability issues. Assessing methods for managing legal risk arising from domestic and international regulatory matters is the best way to beat business torts. an integral aspect of a business liability practice is to take ongoing proactive measures through direct collaboration to avoid lawsuits before they are filed. Seeking advice from government authorities, specialists and risk-management consultants is a technique buinsess should use. It is in every company’s business interest to allocate resources to identify risks and avoid descrepancies within the buisness (Parchomovsky, 2008).
Business Torts In order to develop methods to reduce or eliminate torts, risks need to be identified and steps need to be taken. Proposing actions for a company to avoid tort liability and litigation is a way to keep ahead of the game. A company may take actions to avoid product liability risk such as; identifying risk, risk management, analysis and risk control to avoid torts. Assessing methods for managing legal risk arising from domestic and international regulatory matters is vital.Employing risk and management principles will not always prevent a businesses from being sued or from suffering loss but financial burdens can be significantly reduced.
Identifying Risk An integral aspect of a business liability practice is to take ongoing proactive measures through direct collaboration to avoid lawsuits before they are ever filed. Not all companies understand how to completely guard themselves of outside entities that have ill will and malice intent therefore it is important to completely understand how to handle these circumstances. Such risks have an impact on a company’s existing