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3M agrees to settlement in discrimination lawsuit

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According to reports, technology firm 3M recently agreed to a settlement to resolve a class-action lawsuit filed against by former employees, who allege it was guilty of discrimination.

The suit, filed on behalf of the 290 plaintiffs by the U.S. Equal Employment Opportunity Commission, claims the Minnesota-based company laid off hundreds of workers over the age of 45 during several rounds of reductions in force between July 1, 2003 and December 31, 2006.

In the lawsuit, the EEOC alleges the company let many highly paid older workers go, which included any salaried worker up to the level of director, in order to save money. In addition, the agency claims 3M denied older workers leadership training and let many go to bring in younger employees.

As part of the settlement, 3M will pay $3 million as monetary relief to the plaintiffs. In addition, 3M will will implement a review process for termination decisions and will provide training on preventing age discrimination.

Officials from 3M also relayed the company will begin posting openings for positions it previously had not advertised, as a way to enable older workers to apply.

The case highlights the importance of avoiding discriminatory actions at all costs, lest a business enter an expensive professional liability lawsuit or face regulatory fines.

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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