Rising Employment Charges
Employers have been hit with hundreds of thousands of employment practices charges over the past few years. Most are charges of discrimination, harassment or wrongful termination. Some are filed in connection with workers' compensation claims.
||88,778 EPL charges filed with the EEOC in 2014
|Record settlement amounts
||US $296.1 million in settlements in 2014
EEOC has hired more than 300 staff as of the end of 2014
EEOC intends aggressive pursuit of enforcement actions
52 percent of employment charges are against small businesses
According to studies by Jury Verdict Research and others:
- 75 percent are found to be meritless
- 81 percent are resolved through mediation or administrative hearings
- Defense costs typically run $22,400 to $50,200—staggering for many small businesses
- Cases that go to court or settle pre-trial average far more
Learn about SFM's EPL coverage and services
To get started today, contact your insurance agent.