Understanding Wage and Hour Exposures

Placing You First Insurance Podcast by CRC Group

Wage and Hour (W&H) exposure is an often misunderstood and frequently underinsured risk. It is commonly — and incorrectly — assumed that W&H claims are restricted to either misclassification of exempt/non-exempt employment status or failure to pay overtime. However, W&H liability also includes allegations such as underpayment of overtime, miscalculation of wages, refusal to allow employee breaks, expecting off-the-clock work, not paying employees regularly, refusal to pay exempt employees for absences, not paying for time required to put on or remove protective gear or clothing, and only adhering to federal minimum wage guidelines when state guidelines warrant higher pay.
Featuring:

• Allyson Benda is a Senior Broker, Vice President located in CRC’s Nashville office and a member of the ExecPro Advisory Committee.

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1. Understanding Wage and Hour Exposures (00:00:00)

2. What is wage and hour and why is it so important? (00:01:22)

3. What are some of the typical claims and settlements for wage and hour? (00:02:15)

4. What are some of the most common allegations when it comes to wage and hour? (00:03:52)

5. What about COVID-19? I'm sure it's really complicated things in this world? (00:05:15)

6. Isn't this covered by EPL? (00:06:29)

7. How does this affect businesses of different sizes? (00:07:43)

8. How do you mitigate W&H risk? (00:08:46)