10 Potential Causes of Employee COVID-19 Lawsuits

| posted in Blog, Newsletter

The novel coronavirus has caused immeasurable suffering, both physical and economic. For employers struggling to stay in business, there are a number of ticking timebombs they must try to avoid to keep employees and customers safe, and keep their business afloat. With so much still unknown, this is a fraught time where mistakes in managing their workforces could lead to employee COVID-19 lawsuits. 10 Potential Causes of Employee COVID-19 Lawsuits Workplace safety Businesses that still have employees working on-site run the risk that a single infected worker may send the virus ripping through the entire workforce. While workers’ compensation laws…
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Businesses Pay Record Amounts for Lawsuits over Employee Treatment

| posted in Blog

Employers are paying out more for legal settlements and judgments for cases brought by employees over how they are being treated. According to the employment law firm of Seyfarth Shaw LLP, settlements for the 10 biggest class-action suits brought by employees grew an astounding 55% to $2.72 billion in 2017 from $1.75 billion the year prior. The trend in employee class actions reflects a similar trend of individual actions, which should be a wake-up call for employers to review their human resources policies and practices. These cases include claims for: • Wage-and-hour violations (such as insufficient pay, failure to pay…
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Pre-existing Conditions Weight Heavily on Workers’ Comp Claims

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Your workers’ underlying health can greatly affect the amount of time they are off the job recovering from a workplace injury. A new study has found that workers with pre-existing health issues like hypertension, obesity and mental health spend 60% more time recovering from workplace injuries than healthy workers. And because those injured workers are collecting wage-replacement indemnity benefits during that time, the cost of a claim increases in kind. The findings illustrate the importance of trying to keep your workers healthy through wellness programs and access to health insurance. The findings in the study of more than 7,000 workers’…
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Small Firms Increasingly Need Directors and Officers Coverage

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While directors and officers liability has been traditionally thought of as insurance for publicly traded companies, increasingly it’s smaller companies that account for the largest share of exposure among top decision-makers. A study published by the news website Advisen found that over the past 10 years, small businesses accounted for 70% of all D&O insurance claims. And during that time, these claims increased 300% for small businesses, compared with 200% for large companies and 150% for mid-sized operations, according to the study. Although privately held businesses don’t risk exposure to securities class-action suits, a business doesn’t have to have shareholders…
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FMLA, FLSA Lawsuits Surge, Exposing Employers to Large Awards

| posted in Uncategorized

The number of employee lawsuits against employers for Family Medical Leave Act (FMLA) and wage and hour violations has skyrocketed in the last five years and your firm could be the next target even for a small misstep, which can be costly. The Department of Labor has increased its budget and the number of investigators pursuing employers who violate the Fair Labor Standards Act (FLSA), which covers wage and hour complaints, including exempt and non-exempt employee violations, overtime violations and similar issues. Employment law attorneys say that the surge in FMLA complaints is a result of more people knowing about…
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Think like a risk manager to reduce your insurance costs

| posted in Blog

All large corporations and national businesses have someone in charge of risk management, if not a whole department. But hiring a risk specialist or dedicating a number of employees to that kind of work is typically too expensive for most small and mid-sized companies. So, this risk mitigation typically is left to the business owner or the duties are spread among senior managers. One way that you can reduce the risk to your finances is to purchase appropriate insurance coverage, which can sometimes be expensive. However, if you focus on managing your company’s risks, you can do more than solely…
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