Tackle Lawsuits with Illinois Business Insurance

Lawsuits all around! Sometimes for companies, that is exactly how it may feel. If you have not had to deal with any large lawsuits within your business yet, consider yourself lucky. When it comes to lawsuits in the United States, the statistics are overwhelming! It happens much more often than you may think. Luckily, we offer reliable Illinois business insurance to cover the worst of damages. However, that does not stop lawsuits from happening.

Here are a few statistics to give you a better look into the world of lawsuits:

•    Three out of five companies are sued by former employees every year, according to the Society for Human Resource Management.

•    More than 450 employment lawsuits are filed in the U.S. each day, according to USA Today.

•    The number of employee discrimination cases filed has DOUBLED throughout the past ten years.

•    Sexual harassment, disability law violations and retaliation are the fastest growing categories of workplace discrimination claims.

•    Many companies spend more than $100,000 defending against claims, not including the cost of settlement or verdict.

As you can see, lawsuits can really take a toll on businesses, and more often than not! This is exactly why it is important to look into an Illinois business insurance policy, specifically employment practices liability insurance. This policy will provide coverage from: discrimination, wrongful termination, negligence evaluation, breach of contract, sexual harassment, failure to employ or promote and much more. With statistics like those written above, companies cannot afford to pass on this coverage!