Employment Practices Liability Insurance
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No prudent employer would consider operating their business without General Liability or Property Insurance. Did you know that it is more likely that an employer will have an Employment Practices claim than a General Liability or Property claim?
Can your business afford to be without this crucial coverage?
For more than two decades, employment practice disputes have become one of the fastest-growing sources of litigation in the United States. Regardless of your industry or the size of your business, no employer is immune to charges of discriminatory practices from disgruntled employees.
- 41% of employment claims are filed against employers with less than 100 employees.
- It is estimated that six out of ten companies have been named in a discrimination or sexual harassment lawsuit in the past five years.
- More than 30 million employment cases have been filed in Federal, State and Local courts.
- 94% of jurors believe the employer should be held responsible even if evidence shows no knowledge of alleged discrimination.
EPLI, or employment practices liability insurance, protects the business and the corporate officers should a lawsuit be filed against them related to discrimination or harassment in the workplace. This discrimination can include sexual harassment, racial discrimination, failure to promote or wrongful termination.
This coverage applies to a wide range of workplace exposures and is designed to address the latest disturbing trends in the industry. A variety of risk management resources are available to help policyholders better prepare for these workplace risks. And, like all protection, the coverage will help you gain confidence and peace of mind if a potentially damaging claim threatens to put your business in a tailspin.
Contact us to learn more about this important coverage, and how it can fit your business needs.