Unfair Dismissal by the Numbers
According to the Fair Work Commission’s Annual Report (2018-2019), employers saw a significant number of unfair dismissal suits.
• 13,422- The number of unfair dismissal applications finalised
• The number of applications filed- 13,928
• 8161 of the cases went to conciliation for resolution
• 2560 cases found resolution before conciliation
• 1927 cases resolved after conciliation but before a formal hearing
As you can see, there is no shortage of unfair dismissal charges. If you did nothing wrong, you must address the situation and devote time and money to the resolution. Because of the numbers and the unpredictability of a suit, management liability insurance is a smart option for businesses of all sizes.
You owe it to yourself to protect your business and your good name. Consider speaking with an insurance expert to learn more about management liability insurance. What you do not know can hurt you.