You've been in an auto accident. A few months later when you try to trade in your vehicle for a new model, the dealer tells you he cannot give you full trade in value because your truck has an accident history. You explain that the truck was fully repaired and works just fine. Your dealer shrugs and says that the average consumer does not want to take that risk.This phenomenon is known as diminished value.
How do you prevent your company from being sued? Nothing will prevent all lawsuits. Still, there are ways to lessen the risk of litigation and help protect your company if you do get sued. Here are five steps that anyone can take to do just that.