Don’t Let One Disgruntled Employee Put Your Business at Risk
It’s estimated that 80% of employment-related allegations have no grounds. However, frivolous lawsuits can cost your company tens of thousands of dollars in defense costs and, especially, damages should you lose. For this reason, and for some companies, employment related lawsuits can be catastrophic.
While sexual harassment lawsuits make the news, allegations for a broad range of employment-related actions are equally – if not more – prevalent.
Nine Potential Employment Practices Liability Risks
- Failure to hire
- Failure to promote
- Wrongful termination
- Breach of employment contract of promise (written or oral)
- Negligent evaluation
- Defamation or affliction of emotional stress
- Wrongful discipline
- Sexual harassment (including discomfort from improper emails and office jokes)
Butwin Insurance Group recommends that Employment Practices Liability insurance be a standard component of every comprehensive business insurance program – helping to cover judgments, settlements, and defense costs as they arise.
We can work with you to determine the right coverage levels based upon your potential exposure. For a small investment in premiums, you can protect your business and your livelihood from one disgruntled employee. We look forward to working with you.