Wednesday, July 11, 2018

Is your business properly protected for an employment related lawsuit?

Even though you are an honest and fair employer, one accusation of unfair employment practices could cost you thousands of dollars. Charges ranging from age or sex discrimination to wrongful termination, even unfounded charges, can hurt or destroy a business.

Until recently, only large businesses were able to affordably insure against the risk of employment practices claims. Now employers of all sizes can insure against the risk.

While multi-million dollar jury awards against large corporations make the headlines, thousands of small- and medium-size businesses experience difficult times. Answering a groundless complaint filed with the Equal Employment Opportunity Commission can be costly to employers.

Employers face increased financial risk of potentially violating ever changing and complex employment laws such as the Americans with Disabilities Act, the Civil Rights Act of 1964, the Family and Medical Leave Act and the Age Discrimination in Employment Act. Your directors, managers, supervisors and employees may not fully understand the ins and outs of these laws and may be unaware of new rulings and interpretations.

Contact our offices today to discuss affordable options to protect your business.  ~ Mike Dostal