When it comes to safeguarding your business, it’s important to protect yourself against employee lawsuits. The costs associated with these claims can be staggering and can impact businesses of any size or type. Employment Practices Liability Insurance (EPLI) provides protection against employment practice claims such as discrimination, sexual harassment, wage & hour and wrongful termination. During FY 2020, the EEOC resolved 70,804 charges of employee discrimination, securing $439.2 million for victims in both the private sector and government workplaces.
New York State Department of Financial Services approved the filing submitted by the Rating Board for a decrease of 1.0% in the overall loss cost level in New York State, effective October 1, 2020.
See specific classification rate changes in the full RC Bulletin.
HF&C has a full array of Loss Control and Safety solutions to assist your business. A strong loss control program can help lower your overall incidents, providing a roadmap to improve your safety results. For assistance with your Workers' Comp or other Risk Management issues, contact us.
OSHA is responsible for protecting the safety and health of the American workforce. They do this by promulgating and enforcing safety rules, regulations, and standards. Failure to comply with these standards may result in fines costing nearly $13,000 per serious violation and nearly $130,000 for each willful or repeat violation. Listed below are the most frequently cited OSHA standards. Haylor, Freyer & Coon's Loss Prevention Team can help make your job site, plant or facility safe and compliant.