Wage & Hour Practices Liability
CRUCIAL DETAILS OVERLOOKED.
In fiscal year 2017, the EEOC’s Wage & Hour Division collected an average of $740,000 per day in back wages for workers. That’s enough to feed more than 900 families for an entire month! Investigators found an average of $1,125 in back wages due per employee – nearly four times what a retail cashier earns in a typical workweek. Imagine not being compensated for a month of work, which is the reality for many employees who aren’t getting paid what they’ve actually earned.
As an employer, it’s easy to overlook crucial elements of how employees get paid. For example failing to pay for untaken lunch breaks on overly busy days can compound into huge dollar amounts when added up over a week, a year and an entire workforce. Some EPL policies include a small defense sublimit for these types of violations of the Fair Labor Standards Act. However, Business Risk Partner’s unique coverage designed for large employers (500 employees+) protects insureds at much higher limits and includes judgments as well as back pay.