It was Ronald Reagan who said: “Surround yourself with the best people you can find, delegate authority, and don’t interfere as long as the policy you’ve decided upon is being carried out.” It sounds so simple, doesn’t it? But every business owner and director of HR knows that hiring the right people and keeping them motivated and happy can be the best and worst bits of their job. After all, people are human and sometimes behave in unexpected ways. And when you factor in a work situation – like people having to be laid off or fired, or promoted, or behaving inappropriately – people can seek legal remedy when they feel threatened or mismanaged. Employment related lawsuits are now all too common – and can be incredibly costly.
It’s not just employees that you’re accountable for – it’s for your working practices and methods too. Employment law is constantly changing, so it pays to be protected against loss caused by litigation from employees past and present. That’s where having and Employment Practices Liability Insurance policy from Axis Insurance Managers makes sound financial sense.
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