FEBRUARY 2022
to consider is purchasing employer’s liability insurance to limit your legal exposure if a terminated employee takes you to court.
Quote: “I found because there are so many jobs out there people get a lot less excited when you let them go these days. They see it coming because you've documented, documented, documented and they know there's other options opportunities out there.
"And I want to encourage everybody here if you don't have an employer's liability policy, you should. The deductible runs anywhere from around $2,500 to $10,000. It's usually anywhere between 50 and $100 a year per employee. You are going to have people, no matter how good you do things, who are going to come back and make accusations and they will always find attorneys who are willing to work on contingency. And if it hasn't happened yet, don't fool yourself. Someday it will and I just really, really encourage you before you get taken out for $50,000 or $100,000 to get the insurance.”
Supply Chain Disruptions and Survival MLG
WPA recently held its latest online event, a Master Learning Group focusing on Supply Chain Disruptions and Survival. Once again, the MLG session was expertly hosted by Glenn Meeks. Unlike a webinar, which relies on one or more designated presenters speaking to an audience, the MLG format relies on the shared knowledge of all participants and is restricted to a limited amount of participants. Attendance in MLGs offered by the WPA through on registration on a first-come, first-serve basis.
The Supply Chain Disruptions MLG offered insights about how companies weathered issues such as lumber and nail supply, parts and machinery availability, transportation, and more. Here are some of the takeaways from the meeting.
Lumber
One participant faced a 500% increase in lumber costs as prices peaked. As
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prices dropped again in November and December, his company purchased long on lumber to get it through the
Lumber