There are a multitude of scenarios in which an employee might suffer injuries during an incident at work and the outcome of such a situation could have a significant impact on all parties involved. Workplace incidents continue to be a leading cause of disputes between employers and employees, and arbitration is an example of a common path via which to resolve such conflict. Non-subscriber employers in Texas who are facing similar issues might benefit from knowing what to expect from arbitration and how to tell if this is the best path through which to protect their interests.
Components of arbitration
One of the first topics to address regarding arbitration may involve the notion that both parties must consent to the process. Both parties must also agree on the party that will act as arbitrator, and in some cases, there may be more than one person chosen to fill this role. It may also be helpful to know that arbitration is a neutral process that is intended to prevent one party from entering the process with an advantage.
While other outlets of dispute resolution may be more public by nature, arbitration is also intended to be a confidential process. The final decision of an arbitrator is also legally binding, and as such, might be less difficult to enforce than other methods. Understanding how the arbitration process works could prove vital to helping determine if it might be the best available option but deciding on a path can still be intimidating at times.
Is arbitration the best path?
Non-subscriber employers who face disputes stemming from workplace injuries may feel it vital to address all their available options for dispute resolution. When similar issues arise, companies in Texas could consider retaining the services of an attorney for guidance on all their available legal avenues and the possible advantages and disadvantages of each in turn. Such guidance could prove vital to helping a company choose the best path for the situation and prepare a strategy to protect its interests during the subsequent process.