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...form' for the insured; and 5. An expert witness who unravels the allegations of the ...nt is that it should exist. Innovation and creativity have no place in the she...

...nd both sides can usually find an expert to make their case. The resulting fighting can get ugly and make a couple of attorneys very rich. ...that is often done to the productivity and sales activity of the agency operat...

... as low a value as possible. The spouse, on the other hand, wants to maintain a certain standard of living and would like a much higher value. There is an unavoidably subjective aspect to the art of valuation, and both sides can usually find an expert to make their case. The resulting fighting can get ugly and make a couple of attorneys very rich. As unromantic as it may seem, prudent agency owners will take care to provide for the eventuality of divorce. Buy-sell agreements with valuation formulas may be acceptable ... violation? Are there alternative solutions to resolving the situation? Could the reason for the discharge be construed by outsiders to be discriminatory? If, after a review of the facts, it is still necessary to terminate an employee, do so in privacy and with a witness. Offer the employee the opportunity to resign rather than to be fired. And consider negotiating a severance agreement, particularly if the person has been with the agency for a number of years. It is possible to include in that agreement a release designed to cover ... All Back Avoiding Adverse Legal Decisions 4/30/2013 10:36:15 PM by CompleteMarkets Editor , Carol Hammes This content has not been rated yet. AVOIDING ADVERSE LEGAL DECISIONS by Carol Hammes Several months ago we addressed the potential for lawsuits associated with agency errors and omissions. Unfortunately, there are a number of other threats to the small business owner that can turn the life of even the most cautious agency principal into a real nightmare. This month we will deal with two types of legal action that can seriously drain ...