Thursday, September 24, 2020

Some Ways to Avoid Litigation

With extensive experience in insurance and construction law, Matthew “Matt” Zumstein serves Zurich North America as a litigation attorney. Over his 20-year career, Matt Zumstein has solved numerous matters without going to arbitration or court. He also has a successful history of advising clients on reducing litigation risks.

Litigation is costly and time-consuming for employers and employees, often lasting for months and even years once the lawsuit is submitted. Because of this every company should have a strategy to deal with litigation in order to prevent the waste of both time and money.

The first thing a company can do to avoid litigation is to identify the risky areas, which are most likely to occasion disputes. Different industries are subjected to various risks – healthcare workers, for instance, should be better trained in data privacy while financial institutions should focus on cybersecurity training.

Another way to avoid litigation is to create appropriate documentation for every transaction. Some businesses think they will cut costs by providing clients with inadequate documents, but these are much more likely to lead to litigation. A tip is always to have an attorney responsible for drafting or reviewing contracts and other related documents.