How Insurance Transcription Manages Litigation Risk – Part One – Recorded Statements
Litigation costs are an undesirable but increasingly necessary business expense. Multinational corporations deal with class-action lawsuits on a regular basis. The numbers do not need to be repeated here, but are astronomically high. Yet, litigation impacts small businesses even more. A 2005 study funded by the Small Business Administration found that two-thirds of small businesses paid over $10,000 in legal costs. This is not all. Small business owners are invested not only financially, but also personally. Litigation may not only mean financial hardship, but also emotional hardship.
How Insurance Transcription Manages Litigation Risk – Part Two – Preparing the Transcript
In part one of our series on “How Insurance Transcription Manages Litigation Risk,” we addressed the intricacies of fact gathering. Specifically, we mentioned ways to ensure quality recorded statements. In the second part of this two-part series, we will explore how insurance transcription ensures that all of the facts are documented correctly.
