A truck driver is hit by a motorist who ran a stop sign and will be in the hospital for several months and does not have any savings or disability benefits. Would you resolve this through a lawsuit, mediation or arbitration? Explain why?
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Mediation is the best approach in this case. A successful mediation ensures that the truck driver gets quick payment to cover his hospital expenses.
In mediation, a neutral third party helps to resolve the issue quickly through negotiation, actively involving both parties, in this case – the truck driver and motorist.
Both, Arbitration as well as Law suit can be long drawn and takes time to be settled. It can also be expensive.
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