When your insurance company is facing a lawsuit in Kentucky for bad faith, we at Fowler Bell know that you want the matter dealt with as quickly and discreetly as possible, preferably at a minimum of expense to you. Methods of alternative dispute resolution, such as mediation and arbitration, offer you distinct advantages over litigating the matter in court.
According to FindLaw, either arbitration or mediation may take the place of courtroom litigation or occur in conjunction with it. In other words, the disputing parties may try an alternative dispute resolution modality to negotiate the matter, and if that does not work, the case may then go to trial. Arbitration and mediation are also similar in that each involves a neutral third party to preside over the proceedings. A mediator helps to facilitate discussion, while an arbitrator takes an active role in making decisions that may or may not be legally binding.
Regardless of whether you seek to arbitrate or mediate the conflict, alternative dispute resolution enjoys a high success rate and offers several benefits over courtroom litigation:
- ADR typically resolves issues faster than a trial would.
- ADR involves private negotiations rather than a public courtroom trial.
- ADR is typically less expensive than litigation would be.
When it comes to your company's reputation, you do not want the publicity that a dramatic courtroom battle would bring. ADR provides a safe, confidential forum in which to resolve the matter while keeping drama to a minimum. More information about mediation and arbitration is available on our website.
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