Preventing Discrimination Lawsuits

My friend Rick Dacri has posted an interesting article on preventing discrimination and harassment claims.

His main points:

1. Invest heavily in management training.

2. Review all your human resource practices.

3. Have a broad anti-discrimination and anti-harassment policy.

4. Follow your state law guidelines.

The insurance solution is employment practices liability insurance. Following Rick’s advice is step one. Insuring your company for the legal fees, defense costs, and any award made against you is the second step. I have may clients who have faced discrimination lawsuits. Even when they win the case, they still spend $50,000 to $100,000 in legal bills.

The cost of employment practices liability insurance has come down in recent years. Many employers who saw quotes in the five figure range years ago are looking at premiums of $2,500 to 5,000 now.

Talk with your insurance advisor. Get a quote.