The business plan to manage high-damage liability lawsuits.
The material in this article is based on the concept of a business plan. Commonly used by business organizations, a business plan is a written document that provides the blueprint for development of a business concept, such as a product or a service. It includes a description of the business idea itself and an explanation of how the originators of the idea will develop the idea into a money-making venture. The development aspect of the business plan is known as a strategy. As applied to managing lawsuits, a business plan may also be defined as a blueprint. What is described here demonstrates how the elements or components of a business plan may be adapted to gain advantages in active litigation, particularly in high-damage cases. In order for their working relationship to be most effective, both defense counsel and client should follow the methodology outlined in this article.
AmHS Insurance Management Services, San Diego, CA.
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Heckman
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Zaremski
D003365:Costs and Cost Analysis; D016365:Liability, Legal / Q000191:economics*; D008318:Malpractice / Q000191:economics / Q000331:legislation & jurisprudence; D010934:Planning Techniques; D012308:Risk Management / Q000191:economics / Q000331:legislation & jurisprudence* / Q000379:methods; D014481:United States