An ex-Allianz manager has recently won a $1.39m bullying payout from his employer.
Full details of the story can be found in the link below.
Most SME business owners often overlook the exposure and financial risks associated with failing to provide a safe and fare workplace for their staff. As a business owner, you can’t always monitor management and staff interaction, and as the above article shows, this can leave you exposed to significant legal costs and financial penalties.
Management liability insurance provides a safety net for your business in the event an employee brings a claim again you or a manager for wrongful dismal, workplace bullying, sexual harassment or discrimination. Generally, management liability insurance covers damages, judgments, settlements and defence costs for a range of employment practice violations.