Working Off the Clock?

A recent article in USA Today states:  "More American Workers Sue Employers For Overtime Pay".  Not surprising.  We all have friends that carry employer-provided mobile devices.  When they are interrupted with text messages or emails on the weekend, are they being compensated?

We've all heard stories of businesses laying off workers in an attempt to save money and then expecting the remaining employees to pick up the slack.  Are they being paid the overtime that they are entitled to?

Unfortunately, these are sources of today's new Employment Practices claims that focus on Wage and Labor issues.  Last year alone 7,006 Wage-And-Hour Suits were filed against employers.  As an employer, you may consider these suits frivolous, but you will still have to defend.  The average cost to defend yourself in one of these allegations is well over $40,000.

Does your insurance program protect you in an event like this?  Unless you have an Employment Practices Liability policy (EPL), with the specific additional coverage for Wage and Labor issues, the answer is highly unlikely.

The good news is that many insurance companies offer EPL coverage for premiums as low as $500 a year.  In conjunction with many of these policies, you may have access to a toll-free hot line to put you in contact with a nationally recognized law firm with immediate answers to most EPL questions.

Don't wait until you are served with legal papers, contact your Trusted Advisor today.

High Unemployment = Lawsuit Trouble for Employers

You have heard the saying "Desperate Times Call for Desperate Measures."  This applies to the employment realm as the economy is forcing employers to consider layoffs and terminations at a faster rate than ever. 

Today's employees know their rights under employment laws.  Age discrimination, sexual harassment, lost wages, emotional distress, wage and labor issues - all are common terms to the modern employee. 

New employment laws make it easier for employees to file a charge against an employer.  Did you know that the Department of Labor recently made available a FREE Wage and Labor app for smartphones?   The app lets the employee record the hours worked and calculate the amount owed by the employer!

Does your insurance program protect you against these types of suits?  Unless you have an Employment Practices Liability policy (EPL), the answer is highly unlikely.

Did you know that Wage and Labor class action lawsuits now outnumber all other discrimination suits combined.  Even if you have an EPL policy, what are the chances it covers Wage and Labor claims?  

What might your defense costs be for a lawsuit like this?  The average cost to defend yourself in one of these allegations is well over $40,000.

The good news is that many insurance companies offer EPL coverage for as low as $500 a year.  In conjunction with many of these policies, you gain access to on-line resources to assist with sample employment policies, procedures manuals and forms.  Many policies also provide a toll-free hot line to put you in contact with a nationally recognized law firm with immediate answers to most EPL questions.

EEOC statistics show that 81 percent of employment-related claims settle for an average of $22,400 to $40,500.  Can you afford not to talk to your Trusted Advisor about securing an EPL quote today?