What To Do and How to Prepare When Your Company Gets Sued
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What To Do and How to Prepare When Your Company Gets Sued

This course covers how to deal with a lawsuit against your business, including insurance.
0.0 (0 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
10 students enrolled
Last updated 8/2017
English
English [Auto-generated]
Current price: $69.99 Original price: $99.99 Discount: 30% off
5 hours left at this price!
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This course includes
  • 2 hours on-demand video
  • 2 articles
  • 2 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Explore the concept of risk management.
  • Explore the methods of dealing with an insurance company after a claim or suit is made against the business.
  • Identify each coverage available to your business to protect against tort actions.
  • Identify how to deal with a simple claim where suit is filed against the business.
  • Discover how insurers negotiate with tortfeasors.
  • Discover how to manage your attorneys.
Requirements
  • Experience presenting claims on behalf of the company to an insurer; and any officer of a business required to deal with and manage legal services.
Description

Almost every business will, at some time in its existence, be sued. The suits may be false and fraudulent, a suit where there is a possibility you will be found liable to the plaintiff or a suit where you owe no liability to anyone.  Every insurer will face a suit for breach of contract or for causing damage to another person or entity as a result of negligent or intentional conduct. Every business, therefore, needs a proactive effort at risk management to avoid or limit litigation against it.

As contingent or unknown losses cannot be predicted by an individual business, it must manage the risk of loss by contingent events that will bring about suits seeking tort damages.

This course explains that risk management is the process of identification, analysis and either acceptance or mitigation of uncertainty in business.  Essentially, risk management occurs anytime a business analyzes and attempts to quantify the potential for losses in business. The curse also explains how to deal with a lawsuit that is filed naming the business as a defendant, including how to obtain insurance before the suit and how to deal with your insurer after a suit is filed.

We also discuss how to retain and control the work of defense counsel if the business is sued for a tort or breach of contract but not insured and explain reasons why to settle or not settle a lawsuit.

Who this course is for:
  • Anyone interested in business law or related fields.
Course content
Expand all 12 lectures 01:48:33
+ Introduction
10 lectures 01:48:29
What is Insurance
08:34
The Need for Insurance
07:00
The Common Auto Accident
12:13
The Covenant of Good Faith and Fair Dealing
10:17
The Importance the Tort of Bad Faith to Every Business
13:27
Refuse to Settle a Tort Suit
05:35
Why Incur Millions for Defense
13:49
How to Manage Independent Council
10:09
What to do when there is No Insurance Coverage
15:54
+ Supporting Materials
2 lectures 00:04
Slides: What To Do When You Get Sued
00:02
What To Do When You Get Sued Glossary/Index
00:02
+ Review and Test
0 lectures 00:00

Review Questions: What To Do When Your Company Gets Sued - And How to Prepare

Review Questions
6 questions

Final Exam: What To Do When Your Company Gets Sued - And How to Prepare

Final Exam
10 questions