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Podcast

Compliance to claims: The impact of pay transparency laws

Experts discuss pay transparency laws, legal risks, and compliance strategies to help organizations navigate an evolving liability landscape.

Organizations today are navigating a rapidly changing risk landscape that poses various challenges for senior leaders and executives. 

Emerging technologies, regulatory shifts, and evolving trends are introducing new risks and intensifying existing ones, necessitating proactive governance and risk management strategies. In the Navigating Emerging Liability Risks podcast miniseries, Marsh FINPRO’s liability practice leaders examine directors and officers (D&O) liability, employment practices/wage and hour liability, fiduciary liability, and kidnap, ransom, and extortion risks that organizations might expect to face.

With various states implementing their own pay transparency laws, the potential for legal challenges is greater than ever. Employers must ensure compliance to avoid costly lawsuits and reputational harm, making it crucial to stay informed about these changes.

Join host La’Vonda McLean, Marsh’s Employment Practices and Wage/Hour Product Leader, as she engages with Joseph Kelly, National Practice Leader for Fidelity Employment and Fiduciary Liability products at Sompo, and Rachel Freedman, Vice President and Head of EPL Claims. Together. They explore the implications of pay transparency laws, discuss the associated legal risks, and share strategies to ensure your pay practices comply with the latest regulations.

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Key takeaways

Pay transparency laws are evolving

Organizations must stay informed about the rapidly changing pay transparency laws across various states to avoid legal challenges and ensure compliance.

Legal risks can be significant

Failure to comply with pay transparency regulations can lead to costly lawsuits and reputational damage, making it essential for employers to understand the legal landscape.

Strategic compliance is key

Employers should implement proactive strategies and best practices to align their pay practices with the latest regulations, safeguarding their organizations from potential liabilities.

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Marsh's Employment Practices Liability/Wage & Hour Practice can help your organization analyze its potential exposure to EPL claims and create a robust insurance and risk management program.

About our speakers

La'Vonda McLean

La'Vonda McLean

Employment Practices Liability/Wage & Hour Product Leader, FINPRO

  • United States

La’Vonda McLean serves as Employment Practices Liability (EPL)/Wage & Hour (W&H) Product Leader in the US, providing subject matter thought leadership, market updates, content, and training to clients and colleagues. Previously, La’Vonda worked at a national law firm specializing in labor and employment law.

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Joseph Kelly

Senior Vice President | EPL, Fiduciary & Fidelity National Practice Leader, Sompo International

  • United States

Joseph “Joe” Kelly is the National Practice Leader for Sompo’s Fidelity, Employment, and Fiduciary Liability products. Joe has over 25 years of experience in the insurance industry as an underwriter and a broker.

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Rachel Freedman

Vice President, Head of Employment Practices Liability Claims, Sompo International

  • United States

Rachel Freedman is Vice President, Head of EPL Claims for Sompo. Rachel has over 24 years experience in handling and managing EPL claims for all types of insureds and currently manages a team of claims handlers at Sompo dedicted to EPL.

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