I’ve Been Vetted (IBV) recently launched a new automated pass/fail employment background check service for employers that will allow them to continually monitor their employees and contractors and avoid costly lawsuits.

The company cited a recent sexual harassment case against Uber that will require the company to pay a $10 million settlement due to insufficient vetting as a sign that its new service can help companies save money through prevention.

IBV’s service provides clients with a secured portal wherein they receive pass/fail statuses on all employees on a customizable basis. Clients are also able to access a full report on each employee to review as needed and can review employee data by a range of criteria, including occupation, region or status.

"IBV's mission is to decrease crimes that occur when employees and contractors come in contact with the public,” Jo Lynn Clemens, CPCU, ARM, CEO at IBV, said. “We also seek to increase company profits by preserving the reputation of the company while reducing defense and settlement costs (the current average settlement for negligent hiring cases exceeds $1 million without regard to associated defense costs). Our ideal customers include service companies, caregivers, human resource recruiting firms and on-demand industries."