You know those signs on factory floors that tally the number of days since the last recorded accident? It might be time to start tracking lawsuits the same way. In 2017, you’re more likely to get sued by an employee than to have a fire at your facility. Lawsuits represent a serious risk to your organization’s (and board members’) financial well-being. And with the rate of legal action having increased by 400% over the last two decades, our society is only becoming more litigious.
Just as you can’t prevent every workplace accident, you can’t prevent every employee lawsuit—but you can prepare ahead of time to act quickly and prevent the situation from getting out of control. Here’s what you need to know about legal costs, types of employee lawsuits, the places you’re most likely to get sued, and more: