As a financial advisor, chances are you have an E&O (Errors & Omissions) insurance policy designed to protect you against claims of malpractice.
Based on this, you believe you can sleep well at night.
Sorry, but it may be time to rethink that and come out of your comfort zone.
Why? Read more »
All too often, there is a direct correlation between business conditions and employee litigation.
Just as management may be downsizing to reduce overhead and keep the company competitive, terminated employees–no matter how honorably they may have been treated–often file claims and initiate lawsuits for everything from sexual harassment to age and racial discrimination.
To make matters worse, defending even baseless suits can cost companies tens or hundreds of thousands of dollars. In other words, the downsizing can backfire on you. Read more »
