Article 27
Level 2 classification for Level 1 event type Employment practices and workplace safety
Institutions shall classify each loss event classified as Employment practices and workplace safety in accordance with Article 24 into one of the following Level 2 categories:
|
Employment practices and workplace safety Level 2 classification |
Description |
Reference number |
|
Inadequate employment practice |
Losses arising from breaches of employment legislation or regulatory requirements (including actual or perceived mistreatment of employees that can be traced to a regulatory breach like unfair dismissal, harassment); ineffective employment relations (including industrial action like strikes, court disputes, and ineffective union/employee group relations management); diversity and discrimination events towards employees. |
3.1 |
|
Inadequate workplace safety |
Losses arising from ineffective workplace safety and breach of employees’ health and safety rules. |
3.2 |