BOLT Publishes Sexual Harassment Infographic to Illustrate Threat to Small Business Owners and Provide Guidance for Mitigating Risk

“Hands Off” Approach to Sexual Harassment Can Destroy a Small Business (Infographic)


Farmington, CT – October 31, 2011 – BOLT (Business Owners Liability Team), a leading insurance agency that exclusively protect ssmall business owners, published today a sexual harassment infographic which highlights the financial burden that businesses can bear as a result of workplace sexual harassment. The infographicalso provides important tips for small business owners to protect themselves and their businesses from costly claims.


In 2010, there were more than 11,000 charges of sexual harassment in the workplace throughout the U.S according to the U.S. Equal Employment Opportunity Commission(EEOC), which compiles yearly statistics on sexual harassment charges. Each of these cases yielded $4,130 in non-litigationmonetarybenefitsto the victims, but the real risk for small business owners comes when factoring in litigation against the employer. Because there is no cap on the amount an employee can sue for in a sexual harassment case, these cases can easily cost employers millions of dollars in legal awards and related fees.


“Nearly 90 percent of the small business owners we speak with are underinsured or not insured at all, leaving them and their businesses extremely vulnerable to unforeseen risks,”saidTom Hammond, EVP of Operations at BOLT. “This is especially true of issues like sexual harassment, where the business owner might have very little involvement in,or control over, the situation. A sexual harassment decision or settlement can easily cost millions and destroy a small business, but it’s also important to note that just the cost of simply defending a suit could easily decimate a small business as well as its owner’s livelihood and personal assets.”


Added Hammond, “While small business owners tend to focus on the dozens of dailyresponsibilitiesassociatedwith growing their businesses, it is equally importantto fully understandwhat constitutessexual harassment in the workplace, what thepotential consequencesare and how toprotect your business. The risks are justtoo high.”


The sexual harassment infographic provides examples to help small business owners identify sexual harassment in the workplace. It details the prevalence and financial risk associated with sexual harassment charges, but most importantly guides owners on specific ways to protect their businesses and themselves, including:

    1. Institute a zero-tolerance policy for sexual harassment
    2. Raise awareness of what constitutes sexual harassment by conducting mandatory employee training
    3. As a business owner, make yourself fully aware of the laws around sexual harassment
    4. Under most lease agreements, control of the property is relinquished to the lessee and, as such, they are required to carry their own insurance.
    5. Take all reports of harassment from employees seriously
    6. Document all reported cases of harassment
    7. Protect yourself with proper sexual harassment insurance coverage as part of your Employment Practices Liability Insurance Policy


Please visit view BOLT’s sexual harassment infographic as well as other important tips and information for protecting a small business.


BOLT exclusively focuses on protecting the small business owner by providing accesstotopmarkets and carriers online, with immediate quotes and expert guidance. UsingitsprovenWeb-based technology, BOLT collects all underwriting information requiredbytop-linecarriers, and allows business owners to view proposals online withinminutes.Throughthe strength of its technology platform, processes and team ofexperts, BOLTdeliversa unique “high tech/high touch” approach to serving the veryspecific needsof smallbusiness owners.


About BOLT
BOLT, the Business Owners Liability Team, is a national insurance agency that exclusively protects the owners of small businesses. BOLT agents help business owners choose the right insurance products to fully protect both their businesses and themselves personally.  BOLT offers an on-line and interactive experience with leading carriers.As such,business ownerscan thoroughly compare coverage and pricing, and ultimately purchasecost-effective insurance for their businesses within minutes. Business insurance policies offered by BOLT include, but are not limited to, General Liability,Business Property Insurance,Workers’ Compensation, Commercial Auto, Umbrella Insurance,Errorsand Omissions,Directors and Officers, Business Interruption, Employment Liability, Sexual Harassment and Flood. These policies are provided by top-rated insurance carriers such as The Hartford, CNA, Liberty Mutual, Ace and Chubb. BOLT Insurance Agency is head quartered in Farmington, CT, and is licensed to do business in all fifty states.Come visit us at:


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Media inquiries:
Josh Baker
Director of Marketing
BOLT Insurance Agency
[email protected]