Young Insurance & Financial, Inc.
Contact Us:
(410) 687-8200
  • Home
  • Quotes
    • Auto Insurance Quotes >
      • Auto Quote (Car or Truck)
      • ATV Insurance Quote
      • Classic Car Insurance Quote
      • Motorcycle Quote
      • Roadside Assistance Quote
      • RV Insurance Quote
    • Business Quotes >
      • Business Quote
      • Business Owners Package (BOP) Insurance Quote
      • Event Insurance Quote
      • Insurance Bonds Quote
      • Workers Compensation Quote
    • Property Quotes >
      • Condo Quote
      • Earthquake Insurance Quote
      • Flood Quote
      • Homeowner Quote
      • Landlords Insurance Quote
      • Renters Quote
    • Life & Financial Quotes >
      • Life Quote
      • Annuity Quotes
      • Disability Quote
      • Final Expense Insurance Quote
    • Health Quotes >
      • Health Quote
      • Dental Insurance Quote
      • Long Term Care Insurance Quote
      • Medicare Supplement Coverage Quote
    • Other Quotes >
      • Boatowner Quote
      • Umbrella Quote
      • Travel Quote
      • Wedding Quote
  • Service
    • Report a Claim
    • Make a Payment
    • Update Contact Info
    • Policy Changes
    • Proof of Insurance
    • Contact My Carrier
    • Classic Car Valuation
    • Online Documents
    • Free Consultation
  • Products
    • Motor Vehicles >
      • Auto Insurance (Car or Truck)
      • Motorcycle Insurance
      • Classic Car Insurance
      • Classic Car Valuation Calculator Tool
      • ATV Insurance
      • RV Insurance
      • Roadside Assistance
    • Business >
      • Business Insurance
      • Business Owners Package (BOP) Insurance
      • Event Insurance
      • Insurance Bonds
      • Workers Compensation
    • Property >
      • Home Insurance
      • Condo Insurance
      • Earthquake Insurance
      • Flood Insurance
      • Landlords Insurance
      • Renters Insurance
    • Life/Financial >
      • Life Insurance
      • Annuities
      • Disability Insurance
      • Final Expense Insurance
      • Umbrella Insurance
    • Health >
      • Health Insurance
      • Dental Insurance
      • Long Term Care Insurance
      • Medicare Supplement Coverage
    • Other >
      • Boat Insurance
      • Travel Insurance
      • Wedding Insurance
  • Locations
  • Blog
  • About
    • Agency Photo Gallery
    • Insurance Carriers
    • Client Testimonials
    • Refer a Friend
    • News
  • Contact

What’s the worst thing that can happen in your business? Part 1 of a Series

1/5/2017

0 Comments

 
Posted by: Scott Schaner
Picture
​Fire? Robbery? Maybe, but something more sinister and maybe not so obvious, may be underpinning your organization and you won’t know it until it’s too late. 
 
Case in point: One of your managers, Joe, gets a little playful with the crew from time-to-time and lets down his guard to crack some jokes.  Joe has recently been promoted and wants the team to feel like that he hasn’t abandoned them and still considers himself to be part of their crew team, but in his new position, he cannot act the same way he used to and get away with it.  Joe doesn’t realize that some of his old joke cracking habits offended one of his team.  As a matter of fact, the team member has taken offense to many of Joe’s jokes but never complained until now.  Now that Joe is in a management position, the offended team member reports Joe to Human Resources.  Additionally, the team member retained an attorney.
​Your organization may not be big enough to retain a HR department and you, as the owner, are your own HR department.  Are you sure you can handle the situation to avoid the risk of being found at fault for the actions of one of your managers?  Do you have a legal department that can handle this situation?  Do you have a handbook that details the policies and procedures for your organization?
 
The bottom line is that you’re at risk for an employment claim as soon as you hire any new employee.  What can you do to minimize your risk?
 
Here are a few items that can help minimize claims:
 
  1. Have a thorough, detailed, hiring process that includes a consistent onboarding process. Provide a detailed handbook that every employee receives and reviews line-by-line and signs an acknowledgement of receipt that they 1. received the handbook and 2. reviewed the handbook with the person in charge of hiring.
  2. Hold your management team accountable for their actions and have regular HR training on how to consistently demonstrate professional behaviors.
  3. Conduct regular performance evaluation reviews for all of your employees.
  4. Document performance opportunities consistently and fairly.  You cannot hold one person accountable for a violation of policy because he or she a terrible employee, yet you allow your best employee to get away with the same violation.
  5. Be consistent with all of your employees.  Always.  Treat everyone with respect equally no matter his or her job title and no matter his or her tenure with your organization.
 
Lastly, make sure you carry EPLI: Employee Practices Liability Insurance.  EPLI will generally cover the following: wrongful termination, discrimination, sexual harassment, retaliation, a variety of types of inappropriate workplace conduct, defamation and more.
 
One note about EPL Insurance: just because you carry this coverage, it doesn’t mean that you’re free and clear to not worry about bad employee practices.  Yes, you should consider getting yourself covered for the highest limit, as some carriers have limits to $1,000,000, but bad employee practices are not good for your long-term business growth aspirations.  The best insurance is within the walls of your business and how you choose to run it. 
0 Comments



Leave a Reply.

    Contact Us

    (410) 687-8200
    201 Eastern Blvd
    Baltimore, MD 21221
    Click Here to Email Us

    Archives

    January 2017
    July 2015

    Categories

    All
    FAQs
    Financial
    Insurance
    Local
    Safety

    RSS Feed

    Get a Quote

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login

Social Media

Facebook
Twitter
YouTube
LinkedIn
Google+

Essex, MD Office

Young Insurance & Financial, Inc.
1410 Eastern Blvd Unit 4
Essex, MD 21221
(410) 687-8200
Click Here to Email Us

Bel Air, MD Office

Young Insurance & Financial, Inc.
432 S. Main St
Bel Air, MD 21014

(410) 838-5295
Click Here to Email Us

Parkville, MD Office

​Young Insurance & Financial, Inc.
8505 Harford Rd
Parkville, MD 21234
(410) 426-2282
Click Here to Email Us

Westminster, MD Office

Young Insurance & Financial, Inc.
601C Jermor Lane 
Westminster, MD 21157
(410) 848-9500
Click Here to Email Us

Rosedale, MD Office

Young Insurance & Financial, Inc.
8062 Philadelphia Rd
Rosedale, MD 21237
(410) 866-8185
Click Here to Email Us

White Marsh, MD Office

​Young Insurance & Financial, Inc.
5430 Campbell Blvd, Suite 201
White Marsh, MD 21162
(410) 687-8200
Click Here to Email Us