protect your small business from claims of retaliation...liability (epl) insurance how can you...
TRANSCRIPT
Protect your small business from claims of
Retaliation
Paying for retaliation claims like these could be a significantfinancial hit for small employers.
© 2016The Hartford Steam BoilerInspection and Insurance Company.All rights reserved.
In 2015 the Equal Employment Opportunity Commission2:
retaliation cases
3,359Settled
monetary benefitsfor retaliation
$178.3MRecorded
retaliation claims
39,757Received
Which means a lot of potential for retaliation claims againstsmall businesses.
The U.S. has...
56.8 millionsmall business employees1
5.8 millionsmall businesses1
and
Train
managers and employeesin applicable laws andpolicies
Follow
changes and updatesin laws and employmentregulations
Cover
your business withEmployment PracticesLiability (EPL) insurance
How can you protect your small business from retaliation claims?
Sources: 1 U.S. Census Bureau2 EEOC 2015 Charge Statistics3 HSB Claims Data
These types of claims are frequently made against employers.
It’s when employees or applicants allege they were punished for claiming discrimination, or for participatingin a discrimination proceeding.
The costs can be high3:
What’sretaliation?
A successful legaldefense averages
$10k
Losing a claimaverages
$27k–$54k