Think in terms of win-win resolutions and get the matter resolved. The bottom line is even if you win one of these lawsuits through a protracted battle, you lose in the end. The best ways to prevent these lawsuits is to circulate an Employee Compliance Survey at least every six months. Any additional monies paid out for lawyers or settlement are made by the insurance company. If you would like a checklist for purchasing employment practices liability insurance, send me an e-mail asking for the EPLI Checklist, and I will get it to you right away.
Risk management is about possibilities and probabilities.
I hope these insights will help those of you battling on the front lines. Don Phin is an attorney who for more than 16 years, has specialized in the litigation of employment and business cases. He has represented hundreds of employees, partners and companies in that time. Since then, he spends a large part of his time consulting, writing, speaking and coaching. Don's seminars, workshops and reports have been delivered to such groups as the International Risk Management Institute, Insurance Marketing and Management Services, The Executive Committee, The CEO Club, The Society for Human Resource Management, Foundation of Enterprise Development, The National Human Resource Association and The National Association of Professional Consultants to Management.