Thread regarding Sears layoffs

Well, crud! I sliced my leg pretty bad on a shelf at Kmart, but bought some gauze and some bandages (pretty much had to after opening them) in the store after it happened, but never thought about suing them. Although sure if I did I'd come out better, but it'd probably have k–led that store. The store is in Des Plaines, Illinois if you're curious.

self insured— store charged for expense and what will be paid out

Stores close when the lease is up or someone buys the building, doesn't matter how unprofitable the store is, my store lost over half a million last year in profit and is selling half as much this year with no sign or talk of closing whatsoever, the building is for sale but has been for years.

If they own the building and no one wants to buy it, it probably won't matter

When the OP says that the amount of any judgement will be charged to the store it does not mean that the store will pay real money to settle. Any settlement is taken care of by Sears insurance (real money)
What it does mean is that corporate will put that expense toward the bottom line and the sales of the store. As an example: If your store makes 10 million dollars a year in sales and you have 1 million in claims then your store would only get credit for 9 million in sales.
This matters because corporate uses sales of a store to determine who gets a piece of the pie. So if 10 million in sales is the limit to keep a store open or to give that store more hours or fix some things in the store etc. and you now only have 9 million in sales due to the lawsuit, then it could lead to your store closing.

I feel bad for those employees that can't see sears is the wrong place to still be working

Company is self-insured. There is no insurance. The insurance company merely manages the claims for the store. If you are served with a lawsuit, the store gets charged $25k until the case settles; then a refund to the store if less than that within 18 months. Or more if lawyer and claim expenses exceed that. Sorry, that's the way it will be. I handled these for over 40 years....

@saw You are wrong. There are costs that will be determined by corporate that will be passed along to the store and yes they come right off the top of store earnings which k–ls your profit. We had a store in our district close because of a situation just like this. Once again, corporate determines how much cost and expense will be allocated to the store and the store has no control over the amount.

Word around Hoffman is that TransformHoldco is holding all of the employees liable. You better get yourself a lawyer bud, you’re screwed

Your co-worker is wrong...damages will be covered by insurance.