Is your bottom line taking a hit from negligent entrustment lawsuits?

Because we focus so much on the perils of financial risks, it’s easy to overlook other areas of risk that present a threat to the bottom line.

When one of your employees uses a vehicle in the conduct of business, a risk is created that can open the door to a multi-million dollar lawsuit against your financial institution.

Over the last decade, these “negligent entrustment” lawsuits involving commercial vehicles have consistently populated the list of the top 100 litigated cases nationwidei and have been consistently increasing in frequency and settlement sizes (including punitive damages which are almost never covered by insurance!).

 

continue reading »

More News