Risks And Torts Essay

1185 words - 5 pages

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. This paper will identify the tort liability and regulatory risk of Alumina within a business plan to manage it. The prevention, detection, and corrective measures for each liability will be described. The best course of action to alleviate tort liability will be identified during this plan and the expected results of proper management for Alumina and any organization. In addition, an analysis of the simulation of Alumina Inc. aids in the recognition of ...view middle of the document...

1). The Environmental Protection Agency (EPA), with the state implementation plans (SIPS), enforces many regulations to promote a healthier and cleaner environment for the people of our nation. The risks have been recognized and reviewed by our Learning Team “C.” The tort liabilities and regulatory risks are Defamation, First Amendment, and Freedom of Information Act. These risks are the most impacting and relevant when compared to Alumina’s current and prior liabilities.
      Public accusation is made to the company claiming that they are still polluting the local water supply. Where the company was found liable of five years ago in a different case. Since then the company has made needed changes and are in line with federal regulations. Alumina believes that this accusation is unfounded and is defamation against the company. seeing as the company the claim in prior poor performance, public observation and support will be the main strength in resolving the issue.
This liability could have been reduced significantly by Alumina by allowing public awareness of federal regulatory improvements and compliance over the last five years. This preventative measure would have kept a consistent positive confidence in Alumina’s business.
  Currently business environment, organizations must be vigorously engaged in developing, maintaining and following up on a preventive and corrective action plan that applies to the organizations business representation.   Organizations are subject to assert with regulatory risks, such as tort liability if and when it can occur.   Organizations that fail to comply with local, state or federal governmental regulations will expose the organizations to regulatory risks that will force the companies existing assets, earnings, and mostly their reputation in the public via media negatively.   Organizations that distribute internal resources to identify regulatory risks and implement existing action plans may stay away from the possibility of noncompliance of government regulation and tort liability action.   Organization protective measures provide the internal controls of the day to day business operations that reduce, limit and get rid of the organizations exposure to tort liability, fines and criminal penalties.   A detail effective precautionary measure plan will cover the organization’s best working practices are in place.
      In the event that an organization have been identified with a regulatory government violation or a tort liability, the organization need to have a system in place to manage properly the sequence of events that will follow the claims identified.   The ability of the organization to recognize regulatory risks will require the organization to identified and managed through the various preventive, detective and...

Other Essays Like Risks and Torts

Wk 2 Law 531 Knowledge Check

1661 words - 7 pages need to know in the content area. Rather it is a starting point for building your knowledge and skills. Additional study materials are recommended in each area below to help you master the material. Personalized Study Guide Results: Score: 11 / 12 Concepts | Mastery | Questions | Intentional torts | 100% | * 1 * 2 * 3 | Negligence | 100% | * 4 * 5 * 6 | Product liability and strict liability | 67% | * 7 * 8

Alumina Inc Essay

652 words - 3 pages leukemia. (Universty of Phoenix, 2009). Identifying Regulatory Risks The regulatory risks found in Alumina case are: Defamation, First Amendment and Freedom of Information Act. Defamation: In order to understand this regulatory risk, it is important to mention that defamation is a type of tort of law within the intentional torts, defined as an untrue statement made by one party to another about a third party. The elements for

Recognizing and Minimizing Tort and Regulatory Risk

811 words - 4 pages Recognizing and Minimizing Tort and Regulatory Risk   One of the most important things is for a company and/or an organization to identify and minimize tort liability and regulatory risk through preventive, detective and corrective measures. I will clearly identify how the simulation involving Alumina, Inc. was able to identify and manage these liabilities and risks with the proper management and preventative measures. To reduce the exposure

Informed Consent

862 words - 4 pages client knows all of the risks and costs involved in a treatment. The elements of informed consent include informing the client of the nature of the treatment, possible alternative treatments, and the potential risks and benefits of the treatment. As well as making sure the patient quantifies the in layman’s terms the risks and outcomes/prognosis if procedure or treatment is refused. Informed consent is especially important in high risk

Recognizing and Minimizing Tort and Regulatory Risk Plan

1774 words - 8 pages flow to your paper, I would have expanded on the | |measures for a company to manage regulatory risks| | |Freedom of Information and how will the employees be | |Clearly identifies common business torts | | |involved in this process?   | |Clearly identifies other common regulatory risk

Recognizing and Minimizing Tort and Regulatory Risk Plan

1398 words - 6 pages court system may be astronomical. Alumina must try to avoid intentional torts. For example, employer and employees must take special care not to make untrue statements about other people or other companies or be liable for defamation. If the company is accused of causing damages to another person or business because of malice or negligence, it may cost the company large sums of money or even disdain in the public eye which may cause customers to

Tort and Regulatory Risk

1504 words - 7 pages Running head: TORT AND REGULATORY RISK Recognizing and Minimizing Tort and Regulatory Risk Plan The University of Phoenix To create a plan for Alumina Inc. and other companies to recognize and minimize tort and regulatory risks will take a team to do. Alumina Inc. face legal issues because of events caused by compliance and lack of leadership. In this plan Alumina Inc. will be able to prevent, detect, a correct risks the company may

Regulatory Risks and Tort Liability

843 words - 4 pages Regulatory Risks and Tort Liability Dealing with tort liability has become day to day task for organization, and preventing tort risk has been the main priority to organization management. Limiting the exposure to tort liability is the daunting task for the management to create effective preventive measures. With strict government policy enforcement, Alumina and other organization need to be more careful about the current and future changes to

Legal Principles Issues

836 words - 4 pages Information Act (FOIA) Ms .Bates requested information Alumina Inc company business information. Alumina can disclosed partial information. Mediation Corrective measure The purpose of this paper is to provide information to Alumina explaining how regulatory risks such as tort liability can be identified and managed through preventive, detective, and corrective measures. First, what is tort? Tort liability is an interference with someone or with

Uop Law 531 Week 2 Quiz

1281 words - 6 pages and pastels that are marketed as safe for use by children. However, several accounts of lead poisoning were reported in children who used the products. An investigation revealed that the company was knowingly manufacturing colors that contained toxic amounts of the heavy metal. Which of the following torts has Bartie’s, Inc. committed?     Intentional misrepresentation  Professional malpractice  Disparagement  Assault 18.)    Dorothy

Business Law

1274 words - 6 pages presented within this paper. In addition, the legal principles that apply to each of the issues will be discussed. Product Liability is the type of law that holds manufacturers, distributors, suppliers, retailers, and others involved with the product reponsible “for any damage caused by that product (Products Liability Law). This paper will contain important factors about the Product Liability video. For example, Potential tort risks that were

Related Papers

Common Torts And Risks Essay

1311 words - 6 pages that can create several risks for a utility such as San Diego Gas and Electric. Also I will provide detective and preventive ways to handle these types of risks. In my writings I will also discuss two environmental torts such as The Clean Water Act and the Oil Pollution Act that are very important in SDG&E everyday operation. In order to understand business torts more fully, there must be a clear understanding or definition of the term Tort. A

Internet Usage Torts Essay

2961 words - 12 pages XYZ Corporation’s business environment has changed dramatically over the years, especially the manner in which your company can be held liable, or accountable for the actions of your employees. Many small and big businesses like your company have numerous methods to protect themselves from lawsuits in the area of criminal activity and workplace torts. With proper training programs and a comprehensive set of electronic communications policies

Minimizing Risk Essay

1058 words - 5 pages business, torts can be managed through proper preparation and preventive measures. An organization never wants to be sued for any reason. A multitude of variables exist to consider with lawsuits, but the most obvious are that they cost money and take time. There will always be risks when one enters business, but the objective should be to manage those risks effectively and protect the interest of the organization. Possessing, acquiring, and

Enterprise Risk Management: Product Liability Essay

1032 words - 5 pages like the ones portrayed in the video. Potential Tort Risks Torts are, by their most basic legal definition, a civil wrong (Williams, 1982). Essentially, when one party has taken an action, willfully or not, that has resulted in a loss by one or more other parties, but no criminal law has been broken, a tort is likely to have taken place. Business organizations and private parties alike are responsible for their actions and can be held