BUSINESS ASSET
PROTECTION NEWSLETTER |
Greetings!! Whether you have one employee or over a hundred employees, employment related claims can be upsetting, time consuming and very expensive to defend. Legal actions against employers for harassment, wrongful termination, discrimination or even wage and hour claims have been on the rise. These claims are easy for employees to make. Employers need to implement policies and procedures to promote a safe and legal work environment to protect themselves against employment related claims. All employers should also strongly consider Employment Practices Liability Insurance. Our newsletter this month focuses on one area where claims have been rising at an alarming rate. We have also included a very useful checklist you can implement in your businesses. We hope this information is helpful. Please contact us if you would like to discuss any of these issues in greater detail. Please share this information with anyone you think may find it useful.
Thanks,
Joey Huckaby |
Wage and Hour Suit Filings At An
All-Time High
Lawsuits alleging violations of the Fair Labor Standards Act (FLSA) were at an all-time high for the year ending on March 31, 2012, according to a recent law firm study. Moreover, the wage and hour suits are up nearly 350 percent from the equivalent period ten years prior.
According to the U.S. Department of Labor's website, the FLSA "establishes minimum wage, overtime pay, recordkeeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments."
A recent analysis by the Seyfarth Shaw law firm entitled "FLSA Cases in Federal Court" (here) shows that in the twelve month period ending March 31, 2012, there were 7,064 FLSA suits filed in federal court, which is the highest annual total for any equivalent twelve month period and is also slightly greater than the 7,006 cases filed during the twelve month period ending March 31, 2011.
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Thank you for allowing Huckaby and Associates to help you with your insurance needs.
Sincerely,
Joey Huckaby |