Law/531 Week 2

Risky Business

“A tort is a civil wrong that is an interference with someone’s person or property such that injury results,” (Jennings, 2006). In a company there are many regulatory risks and liability torts. There is everything from intentional torts, negligent torts, to product liability torts. Through proper management tactics companies can look right in the face of possible torts and regulatory risks. A company with the proper knowledge and right management team can identify these possible threats. They can prevent, detect, and correct all liability risks.

Torts

Torts are private wrongs. Three common types of torts are; Intentional Torts, Tort of Negligence, and Strict Liability Tort. Intentional Torts are not accidental, they occur with knowledge of the wrongdoing. Tort of Negligence is accidental harm results of not paying attention to possible consequences. Strict Liability Tort is “absolute standard of liability,” (Jennings, 2006).

Intentional Torts

Companies must be extremely careful about Intentional Torts. Some of these torts could occur without him or her ever knowing they committed it. Defamation is a primary example of Intentional Torts that companies face. A manger must use caution when discussing former employees, current employees, and future employees. This tort occurs when false accusations are made. Everything from false, imprisonment, contract interference, invasion of privacy, and appropriation are considered as well. If damages occur a company must be ready to pay plaintiff’s medical bills, lost wages, pain and suffering, and loss of consortium.

Tort of Negligence

Tort of Negligence can affect a company in many ways. The company could have workers exposed to hazardous materials each day. The company does not tell the workers this exposure could relate to future health complications. Ten years down the road an employee could develop cancer, breathing problems, vision problems, and could lead to possible death of the employee. The...