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 JUNE NEWSLETTER... |
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MEN STILL LOOKING FOR THAT "SIGNIFICANT OTHER"… if your shopping
list mandates a well-educated woman, I can assist you in making unnecessary
approaches. In a recent survey, 58% of women with more than four years of
college wore shoes with heels less than 1" high. Only 46% of women with
a four year degree wore shoes with heels less than 1" high. A mere 37% of
high school educated women wore heels that low. It’s a very simple formula
to remember: "low heels-highly educated."
* * * "It is the nature of a man as he grows older… to protest against change, particularly change for the better." - John Steinbeck "The philosophers have all interpreted the world; the thing, however, is to change it." - Karl Marx "It’s the most unhappy people who most fear change." - Mignon McLaughlin * * *
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THERE ARE CURRENTLY MORE THAN… 25 federal and state laws and hundreds of regulations applying to almost every workplace relationship. Three out of five companies are sued by former employees in a given year. According to USA Today, an estimated 450 employment lawsuits are filed in the United States every day and the number of employment discrimination cases filed in Federal Court has doubled since 1992. In 1998, 56% of all cases tried resulted in verdicts for the employee (plaintiff), but last year (1999), 65% of all cases tried resulted in verdicts for the employee. What is even more frightening is that the average plaintiff verdict in an employment lawsuits exceeds $250,000, with 15% of these lawsuits ending up in verdicts topping $1,000,000. You’re probably not worried because you know that Florida is a state where the statutes are very good to business in general, and naturally, they would be very good to the employers, but did you know that the largest number of employee lawsuits filed in the United States are filed in Texas, Florida, California and Illinois in that order? The most common target for federal discrimination claims are private employers with between 15 and 100 employees which includes most readers of the Bond Newsletter. The above information is given to you as a reminder that some of the greatest liability that may be facing your company in the future may result from employment-related practices liability. Employment-related practices liability is: 1. discrimination; 2. wrongful termination; 3. sexual harassment. The Equal Employment Opportunity Commission (EEOC) has made it very easy to file employment discrimination suits. They have a toll-free number and are anxious to assist those who feel like they have been discriminated against. The four most common lawsuits are:
What is even more disturbing is the fact that even though the number of employment discrimination cases filed in Federal Court has doubled in 1992, 80% of these cases are settled with some type of dispute resolution prior to being filed in federal or state court. In other words, the number of cases relating to Employment Practices Liability continues to escalate. The most common allegations made by employees are:
It would be my suggestion that you contact your insurance professional (we would be happy to assist) and make certain that your company has an "Employment Practices Liability Policy." It is anticipated that lawsuits relating to Employment Practices Liability will continue to escalate.
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