Not all the news is bleak on the employment practices liability front for employers and insurers, but in a down economy, there are more dim forecasts than bright spots ahead, experts say.
Still, while conventional wisdom and statistical evidence suggest a deluge of EPL claims contained in the gathering clouds of increasing economic pressures and worker terminations, there may be some hidden silver linings, they say.
“The good news, in my opinion, is that employers can effectively manage a critical component of [their] exposure,” said Cathy Padalino, vice president and EPL product manager for Chubb & Son in Warren, N.J., who identified layoffs or reductions-in-force as that critical component.
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