New York, NY., June. 19, 2023 -- Inclusion Brokerage Services Inc., a subsidiary of Inclusion Score Inc. has partnered with multiple LLOYD'S Syndicates to insure and reinsure a "more attractive risk" profile of companies using InclusionScore's DISM via ISO-30415 to engage their employees.
In the ≥ 20 years of Employment Practices Liability Insurance (EPLI) being underwritten, this is the first time that there is a real loss-prevention solution for the insurance financial line.
The market of Employment Practices Liability is estimated to be ≥ $10,000,000,000 annually across the Western World and growing. In 2022, we witnesses a 20% spike in discrimination grievances in the USA alone. We see insurance claims on both sides of the corporate culture coin.
Last week an Equinox employee says she was "Fired Her for Being a Black Woman" and a jury awarded her $11.5 Million. It was largely what we would call an ISO-30415 Product Delivery Issue per this woman's role at the firm.
This week a Starbucks discrimination lawsuit awarded a White employee $25 million for "reverse discrimination", and the risk is largely rooted in their lack of change management process for engaging D&I initiatives.
[South Africa] launches a government website that explains the step-by-step process of filing an "Equality Case".
[India] Job discrimination against Indian Muslims rises by 9% in 16 years: Report ... This has triggered investigations per India's Article 15 of the Constitution.
There are so many more instances to reference as the democratic world-of-work evolves into a global population that is voluntarily and involuntarily identifying how we participate in the market for products and services. - JFK
We are proud to announce on this 2nd American Juneteenth Holiday that we are working with LLOYD'S Syndicates to incentivize inclusion through insurance using the international standard for D&I, so that we may professionalize economic inclusivity and connectivity.
This is the first time that a price is put on a lack-of-inclusion. Companies using InclusionScore will be eligible for a credit on their insurance premiums.
For more information email hello@inclusionscore.io
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