Identify potential tort risks that arise in the business context
Many organizations contend with tort liability and management in the day-to-day business. The proper management and protective measures to minimize the organizations spotlight tort liability has become a key to efficient operating a business. Employers usually speak to attorneys when dealing with certain issues. The textbook revealed that the three categories of torts are intentional torts, unintentional torts and strict liability. When it comes to potential tort risks that arise in the business context Team B looks at malicious prosecution. According, to the legal dictionary malicious is an action for damages brought by one against whom a civil suit or criminal proceeding has been unsuccessfully commenced without Probable Cause and for a purpose other than that of bringing the alleged offender to justice.
Apply the risk management process to mitigate business risk
It is important to develop and apply a risk management process in any business. This vital factor will help to alleviate potential events in the future that may have negative affects on the company. The risk management process should be a continuous process that focuses on identifying, assessing, reporting on and deciding on responses to any opportunities and threats that can affect the achievement of the business' objectives (University of Phoenix, 2008). By applying a good risk management process, the business will be prepared to deal with a variety of threats and have less numbers of incidents that negatively affect the company (University of Phoenix, 2008).
Differentiate between types of torts
Determine appropriate situations to involve legal counsel in potential tort issues
Every business will