Risk Management Tip
Stay ahead of the EEOC with employment practices liability insurance
During the 2013 fiscal year (ended September 30, 2013), the U.S. Equal Employment Opportunity Commission (EEOC or Agency) obtained thehighest monetary recovery ($372.1 million) in Agency history through its administrative process. Buteven though the overall numbers of charges filed decreased, the number of retaliation charges increased and consequences for employers hit with charges increased to record levels:
- 25% of those surveyed had an employment practices liability (EPL) related event in the past three (3) years.
- 45% are concerned about a lawsuit for wrongful termination, sexual harassment, discrimination or retaliation.
- The average total cost associated with an EPL event is $70,267.
Read more about the EEOC’s enforcement and litigation statistics.