Enterprise Risk Management & Tort Reform

As judgments in trucking accident lawsuits continue to rise at an alarming rate, the transportation industry is grappling to find ways to cope with the ramifications of these “Nuclear Verdicts.” Smart structuring, good policies, and sound operations can help your company avoid such massive jury awards, and even keep you out of the courtroom in the first place, even if you find yourself in the position of defending yourself against such a suit. On a company level, understanding who you are, what you do, and how you do it can be the difference between safety and devastating liability. On a state level, being informed about current advocacy surrounding potential tort reform and curbing lawsuit abuse can help to change laws so that massive verdicts will no longer be able to shake the core of the transportation industry.

Taylor & Associates’ JW Taylor and Elle Slattery joined hosts Mark Rhea and Craig Hart recently in a roundtable to discuss how you can prepare your company proactively and strategically to defend yourself against nuclear verdicts, as well as provide an update on the current state of tort reform efforts impacting the transportation industry and how you can become involved.

Watch the complete presentation here.