Riskiest states for employee lawsuits
A Hiscox study revealed the riskiest states for employee lawsuits.
Today, Hiscox released a survey detailing the best and worst areas for employee lawsuits in the US. Four states - California, Illinois, Alabama and Mississippi - along with the District of Columbia, were the top five riskiest areas of the US for employee lawsuits. Businesses in these states and jurisdictions face a substantially higher risk of being sued by their employees compared to the national average.
States with highest risk of employee lawsuits - California (42% higher chance of being sued by an employee), District of Columbia (32% above the national average), Illinois (26% higher), Alabama (25% higher), Mississippi (19% higher).
States with the lowest risk of employee lawsuits - Washington (30% lower chance of being sued by an employee), Kentucky (30% below the national average), Michigan (21% lower), Massachusetts (19% lower) and West Virginia (15% lower).
Related Articles
A cyber security expert answers your ransomware questions
What is ransomware? Who is vulnerable? And most importantly, how can you protect your small business from the havoc it can wreak?
We sat down with Meghan Hannes, Head of Cyber and Tech Errors and Omissions for Hiscox USA. Meghan has been underwriting and managing cyber security and privacy-related risk since 2004. She is a noted author, speaker, and award-winning product head in the cyber insurance space.
Remote working increases cyber risk for small businesses
The pandemic has changed the way we do business in many ways. One of the most remarkable changes – and one that may become permanent for many businesses – is remote working. While this has been an advantage, the increase in cyber attacks since more people have been working from home is not a coincidence
Read More
The most common accounting mistakes made by small businesses and how to avoid them
Whether you’re a new or experienced small business owner, financial responsibilities—including accounting—can take a while to get the hang of. There are so many moving parts to keep track of, not to mention a lot of math to do, which makes mistakes almost inevitable. That’s why many companies bring on an accountant as soon as they can. But if that isn’t an option for you just yet, don’t worry. We’ll cover some of the most common accounting mistakes made by small businesses and how to avoid them, so you can protect your business.
Read MoreWe provide tailored insurance for the specific risks you face, so you can take the right risks to grow your business.