Do your employees move boxes? Handle parts and materials? Assemble products? If so, you’re at much higher exposure to a workers compensation claim than other businesses. But even if your workers don’t do these tasks, you still face significant risk of claims from workplace sprains, strains, slips, trips, and […] Click here to view original web page at www.linksinsurance.com
Quick: What’s a workers’ comp audit? If you’re struggling to come up with an answer, you’re not alone. It’s a commonly misunderstood part of the workers comp process, but every year in the U.S. it accounts for millions of dollars in incorrect insurance charges. Let’s take a look at […] Click here to view original web page at www.linksinsurance.com
Four little letters – EPLI – cover a huge range of very serious issues. EPLI stands for employment practices liability insurance and deals with wrongful termination, discrimination, sexual harassment, and other workplace situations. It’s one of the fastest-growing legal issues. In 2016 the Equal Employment Opportunity Commission (EEOC) helped U.S. employees receive $482 million in discrimination compensation alone. And, in the years since some major Supreme Court decisions and lawsuits are on the rise overall. Here are five things you need to know about EPLI. SEE ALSO: What is Cyber Liability and Data Breach Coverage? 1. It’s not just a big business issue. Any business with…
1. You haven’t made it a priority as a small business Small business owners sometimes figure they don’t need to carry much insurance because they don’t have a lot of assets. But someone who sues you doesn’t necessarily care how much money you have. They may, unfortunately, intend to destroy you financially. And the smaller a business is, the more likely it is that an owner or manager can be held personally liable. So in a way, small businesses are at a much higher risk than big enterprises, because one lawsuit can be devastating. Never been sued? You’re lucky. The Small…