According to the Society for Human Resource Management:
- Statistics Confirm that an employer is more likely to have an employment claim than a property or general liability claim.
- The average amount paid for out of court settlement is $40,000.
- Defense of an average EPLI (Employment Practices Liability Insurance) case, through trial, costs over $45,000.
- The median compensatory award is EPLI cases is $218,000.
- 67 percent of all employment cases that litigate result in judgement for the plaintiff.
- 10 percent of awards involving discrimination or wrongful termination are in excess of $1 milliion.
- 41 percent of all EPLI claims are brought against small employers with 15 to 100 employees.
- Total Team Solutions can help your company greatly reduce the risk of employee claims by providing best of class HR advice
- Total Team Solutions has been providing very cost effective EPLI to their clients for over 15 years.