Stuart Belbin, head of the care and charity insurance division at Ascend Broking, explains the importance of Employment Practices Liability Insurance (EPLI)
If history repeats itself, the UK could be on the cusp of an explosion in the number of employment tribunals. The 2008 economic crisis and subsequent 2009 recession signalled a huge rise in tribunals, with the 2009/10 statistics showing a 56 per cent increase in claims.1
At the present time, the Tribunals Service is already struggling with a weight of tribunals that have spun out of situations such as the pandemic, furlough, and dramatic change in many workplaces. Cases have also risen since 2017, when the removal of employment tribunal fees made it easier for employees to bring cases.
The Tribunals Service is no doubt bracing itself for an avalanche of claims, as the economy nosedives and employers have to make tough employment decisions. Already, an employer is at least three times more likely to have to handle a tribunal claim than a fire claim2 ; the odds could become even more worrying
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