This article was first published in San Francisco Business Times.
As awareness around sexual harassment continues to grow and tolerance for misbehavior decreases, it has become more critical than ever to promote and ensure a safe workplace. But what if policies and training aren’t enough? Is your company prepared to deal with the fallout from a sexual harassment claim?
Almost every day, another company faces a sexual harassment allegation, but many private companies don’t have the insurance coverage in place to manage the different types of liability they will face.
Sexual harassment claims are not only damaging because of the out-of-pocket awards and the impact to a company’s reputation. They can also expose the company’s board of directors and executives to shareholder lawsuits if the enterprise value drops as a result of allegations and/or claims.