Employment Practices Liability: Retaliation

Risk Solutions Munich RE E 1866 Hartford Steam Boiler Protect your small business from claims of Retaliation The U.S. has... 5.8 million small businesses' and 56.8 million small business employees' Which means a lot of potential for retaliation claims against small businesses. It's when employees or applicants allege they were punished for claiming discrimination, or for participating in a discrimination proceeding. What's retaliation? These types of claims are frequently made against employers. In fact, in 2015 the Equal Employment Opportunity Commission.. Received Settled Recorded 39,757 3,359 $178.3M retaliation cases monetary benefits for retaliation retaliation claims Claims like these could be a disastrous financial hit for small employers. Yet an average small business owner takes home Insurer HSB has found that3: $60k in annual salary“. Losing a claim averages 命 $27k-$54k A successful legal defense averages $10k How do you protect your small business's profits from retaliation claims? Train Follow Cover managers and employees in applicable laws and policies changes and updates in laws and employment regulations your business with Employment Practices Liability (EPL) insurance Sources: 1 U.S. Census Bureau 2 EEOC 2015 Charge Statistics 3 HSB Claims Data 4 Payscale.com © 2016 The Hartford Steam Boiler Inspection and Insurance Company. All rights reserved.