Some former employees respond with bad behavior: taking proprietary information, deleting important data or even causing property damage. Others choose to file a lawsuit against their former employers for wrongful termination. This could lead to an expensive settlement or an even more expensive trial.
One way to mitigate the costs of these risks is to purchase an insurance policy that protects your company against the actions of terminated employees. These policies can cover the cost of legal counsel and a settlement.
Read the full article at the Hiscox blog.
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