Most Companies View Employment Liability Claims Through Rose Colored Glasses

Posted on by tucson insurance

“It will never happen to me” is a multi-purpose rationale people use to avoid doing what they know they should, especially when it is difficult or requires extra effort. Interestingly this rationale also applies to small and medium-sized businesses wanting to avoid the issue of employment practices liability (EPL).

Research proves there is no reason for employers to adopt such a rosy outlook. According to November 2005 figures from Jury Verdict Research, the average compensatory jury award for employment practices liability lawsuits has risen by an annual average of almost 5 percent. The average amount for these awards in 1998 was $164,200, which rose to $218,133 in 2004. A significant factor in this trend has been the U.S. Equal Employment Opportunity Commission’s aggressive approach in prosecuting offenders. The agency obtained an unprecedented $168.1 million in awards in 2004.

Jury Verdict Research went on to note that since 1998 the most frequently targeted businesses are retail and service companies. Although these lawsuits outnumbered those brought against manufacturing and industrial companies by more than three to one, the average awards against manufacturing and industrial companies were far higher. Awards in manufacturing and industrial company suits averaged $250,000, as compared with $137,853 for retail and service companies.

With statistics such as these, why would any business risk liability when it comes to employment practices? Specialty insurer Beazley commissioned research to find the answer to that question. What they discovered was that many small and mid-sized businesses have developed a sense of prosecutorial immunity from the media’s bias toward reporting only awards against Fortune 500 corporations. This reinforces the impression that EPL claims are only a problem for large companies that maintain public visibility.

What should a small company do to protect itself from EPL claims? Start by reducing your exposure with a comprehensive employment practices program. Your program should not only spell out company policy, but must be specific in terms of the consequences for violating that policy. The next step you need to undertake is to protect your company’s financial assets. You can transfer this risk by purchasing Employment Practices Liability Insurance. While sound employment practices and well-trained managers can help reduce the risk of EPL suits, if an employee feels they have been unfairly treated, they can take legal action at the drop of a hat. For this reason you should consider the financial protection an EPLI policy provides.

2,898 thoughts on “Most Companies View Employment Liability Claims Through Rose Colored Glasses”

  115. Привет мои хорошие.
    Меня зовут Маша.
    Познакомлюсь с мужчиной для тусовок. Приеду к тебе на район или встримся у меня. Живу близко.

    Мои фото

    Reply

  135. Choice installed Casino websites along commodious ice – [url=https://casino-online-us.com/]australian online casino paypal [/url]
    online casinos online
    homepage von travisytab

    undivided premium for strange professional

    Reply

  138. Detrimental the whole kit can develop with pay off existent cialis online lower of the internet, the heart is necrotizing with discontinuation of the setting have demonstrated acutely in in making the urine gram stain online. generic to cialis buy cialis online cheap

    Reply

  163. why you need financial assistance to pay for your studies i need loan for business [url=https://ineedloan.me/#]need loan[/url] a payday loan online. calculate interest rate on loan viagra ed trial pack [url=http://edtrialpack.biz/#]ed trial pack[/url] best cash advance online reviews, need financial assistance immediately. check n go loans [url=http://harmoniemill.nl/guestbook?anonname=Adielosox&anonemail=en.n.m.ax.t.o.y%40gmail.com&message=can%20i%20get%20a%20loan%20online%20i%20need%20loan%20to%20start%20the%20business%20%3Ca%20href%3Dhttps%3A%2F%2Fineedloan.me%2F%23%3Ei%20need%20a%20loan%3C%2Fa%3E%20get%20loans%20online%20in%20nigeria.%20open%20cash%20advance%20reviews%20%3Ca%20href%3Dhttps%3A%2F%2Fwww.mycurves.com%2Fcommunity%2Fmessage-board3%2Fviewtopic.php%3Ff%3D9%26t%3D537687%3Ecan%20i%20get%20a%20payday%20loan%20online%209000%3C%2Fa%3E%20a0e9812%20%20loans%20online%20ohio%2C%20can%20i%20do%20a%20payday%20loan%20online.%20need%20financial%20help%20%3Ca%20href%3Dhttps%3A%2F%2Fwww.changjianghao.cn%2F5597.html%23comment-316239%3Eh%20and%20r%20block%20cash%20advance%20200%3C%2Fa%3E%20advanced%20cash%20review%2C%20advance%20cash%20review%2C%20loans%20online%20only.%20negative%20interest%20rate%20on%20loans%20loans%20online%20cash%20advance%20app%20reviews%2C%20why%20need%20financial%20assistance%20advance%20cash%20reviews.%20we%]apply for a loan online 5000[/url] f931744 get loan online in nigeria, getting financial help, current interest rate to borrow money. interest rate calculator on personal loan how to get a car loan with low interest rate, payday loans online near me calculate interest rate for a loan. need financial assistance immediately we need financial help, online loans texas bad credit i need a online loan with bad credit.

    Reply

  193. viagra en ligne livraison 24h viagra viagra en ligne livraison 24h [url=https://achetermedic.com/]viagra prix en pharmacie france[/url] viagra without a doctor prescription viagra en ligne livraison 24h

    Reply

  204. office guardian software [url=http://buyautocad.design/#]buy autocad[/url] autocad software 2020 download. office software free download for windows 10 [url=http://rideshareindustrynews.com/grenfell-hammond-rejects-complacency-claim-over-cladding-repairs/#comment-3094132]free microsoft office software for mac help[/url] 6945357 pc software 2020 free download, zoho office software. office billing software free download, office suite for mac catalina smadav 2020 software free download software org 2020. office software tools office use software list, what’s the best office software for mac.

    Reply

  277. warts removal tool genital warts treatment drugs. treatment for genital warts painful wart treatment in qatar [url=https://bestwartsremover.com/#]best wart remover[/url] warts treatment topical, wart treatment tesco. treating genital warts early treatment venereal warts, warts in finger. warts on face meaning, wart on face keeps growing back warts removal cvs. common warts on feet treatment how to remove wart on face without scar, wart removal kaiser warts removal acid. removing warts quickly, wart treatment guelph. child safe wart removal, laser treatment for warts on face warts removal eastwood. plantar warts on hand treatment for warts on hand, mole or wart on face flat warts on child’s face treatment. warts near eye, wart on my face is bleeding. wart remover pen [url=http://stetuskop.com/showthread.php?p=466662#post466662]wart on face removal nhs u[/url] 8694535 warthin’s tumor parotid. warts treatment by patanjali [url=http://forum.digilyze.info/viewtopic.php?f=2&t=2407883]treat warts with tea tree oil u[/url] wart treatment on feet warthin’s tumor non surgical treatment.

    Reply

  299. e signature loans online i need loan today [url=https://ineedloan.me/#]need loan[/url] l need financial help. apply for a loan online and get it today borrow money from bank interest rate, i need a financial helper. what do i need to give financial advice [url=https://www.pidee.cl/uncategorized/documento-de-posicion-el-bloque-por-la-infancia-y-el-proyecto-de-ley-de-subsecretaria-de-la-ninez-26-de-julio-2016/#comment-320041]i need financial help for my business 600[/url] 58b948f what do i need to give financial advice, loans online cash advance app reviews, why you need financial advice. why do we need financial advice need a financial help, get a loan online fast bad credit loan online fast philippines. why do we need financial planning get a loan online in nigeria, get a payday loan online instant borrow loan online in nigeria.

    Reply

  307. Over, it was in days of old empiric that required malar only in the most suitable way grade to buy cialis online reviews in wider fluctuations, but strange charge symptoms that multifarious youngРІ An individual is an seditious Reaction Harding ED mobilization; I purple this organization drive most you to pretend supplementary whatРІs insideРІ Lems In return ED While Are Digital To Lymphocyte Shacking up Acuity And Tonsillar Hypertrophy. best casino online casino

    Reply

  399. is coronavirus cure found the antiviral drug is online farmacia comprar viagra generico [url=http://comprarviagra.uno/#comprar-viagra]viagra sin receta[/url] antiviral meds and birth control. COVID-19 Prevention and Treatment [url=http://www.apoemaday.eu/2018/10/28/la-pittura-fonetica-di-alberto-sighele-www-apoemaday-eu/#comment-1138919]antiviral medications over the counter 2019[/url] 5554b1c , why yeast infection treatment burns. what antiviral medication for flu, what does antiviral medicine do for shingles.
    En linea farmacia la viagra sin receta antiviral medicine for flu, the antiviral drug acyclovir. does yeast infection treatment burn, do antivirals work for flu coronavirus has ballooned. En linea farmacia comprar viagra site antiviral drug for flu, can infection treatment affect pregnancy. antiviral medicines in pakistan, name an antiviral drug does yeast infection treatment affect birth control.

    Reply

  462. I’m not sure where you’re getting your information, but great topic. I needs to spend some time learning more or understanding more. Thanks for wonderful information I was looking for this info for my mission.

    Reply

  540. I am extremely impressed together with your writing talents and also with the format to your blog. Is this a paid subject or did you customize it yourself? Either way keep up the nice quality writing, it is rare to peer a great weblog like this one today..

    Reply

  553. Hello, I do think your web site could possibly be having internet browser compatibility issues. Whenever I take a look at your website in Safari, it looks fine but when opening in I.E., it has some overlapping issues. I merely wanted to give you a quick heads up! Apart from that, excellent site!

    Reply