Protect Your Managers – Protect Your Business
Why do you need Employment Practices Liability to Protect Your Business?
Facts
No company faces the risk of fire, theft, or customer injury without the protection of insurance. But, it is more likely that a company will face an employee lawsuit than the devastating effects of a fire – three times more likely. Almost seventy-five percent of all litigation against companies and corporations today involve employment disputes. Adverse publicity, which often accompanies these proceedings, may add to an employer’s woes.
99,412 EPL claims filed and over $365M monetary relief in 2012*
- 37,836 charges of retaliation discrimination
- 33,512 charges of race discrimination
- 30,356 charges of sex discrimination
- 22,857 charges of Americans with Disabilities Act violations
- 21,088 charges of harassment
- 10,833 charges of national origin discrimination
- 3,811 charges of religious discrimination
- 1,082 charges of Equal Pay Act violations
*The number for total charges reflects the number of individual charge filings. Because individuals often file charges claiming multiple types of discrimination, the number of total charges for any given fiscal year will be less than the total of the eight types of discrimination listed. EEOC
Every employer faces the reality that it will be the target of legal action from PAST, PRESENT, and PROSPECTIVE employees.
Out-of-court settlements
- Average Defense Cost $15,000
- Average Settlements $75,000
Dismissal/ Motion for Summary Judgment
- Average Defense Cost $50,000-$75,000
- Average Awards $0
Jury/Trial
- Average Defense Cost $125,000
- Average Awards $217,000
Many Small businesses don’t have internal resources
- Risk-management policies and procedures
- Human resource professional
- Don’t keep good records on employee performance