Large corporations typically have substantial employment practices liability insurance (EPLI) coverage in place and are prepared to deal with most employment lawsuits. However, small and medium-sized enterprises (SMEs) or start-ups are the most vulnerable to employment claims. (Photo: iStock)

For many, the highlight of this year’s Golden Globe awards was the powerful speech Oprah Winfrey gave about the issues raised in Hollywood regarding sexual harassment. It’s a situation that affects all industries, and it’s a story that insurance brokers and agents should heed.

Lawsuits filed by employees against current, former and even prospective employers have been on the rise since the 1990s. According to a study conducted by Hiscox in 2015, U.S.-based companies had at least an 11.7% chance of having an employment charge filed against them.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.