Loss Prevention Tips

Unfortunately, even the best human resource policies and training won't prevent lawsuits. With employment-related litigation becoming more complex, costly and frequent many companies and their employees are left exposed and without adequate protection. In addition to obtaining an employment practices liability policy, there are several steps you can take to help protect your company and your employees from potentially catastrophic employment-related lawsuits, including:

• have a designated human resource manager or department
  
• establish and practice sound and up-to-date human resource policies
• create and adhere to grievance procedures
• enforce written policies against discrimination, including sexual harassment
• implement termination procedures
• follow EEOC policies
• require your managers go through training before hiring, performing employee performance reviews, or terminating an employee
• conduct periodic employment practices audits
• use the advice of outside employment counsel

While you can’t completely eliminate the risk, by incorporating the above activities, you can reduce the likelihood of a lawsuit.