Employers are being sued by their employees at an increasing rate, and defending against those lawsuits and the cost of judgments or settlements can put a serious dent in a company’s finances.
If you have employees, you should consider securing EPLI in case your company is sued for:
Small- to mid-sized employers are commonly the most vulnerable to these charges because they often lack a large human resources department that keeps checks on potential risks, as well as a legal department that can guide a business when hiring, disciplining or terminating employees.
EPLI can be purchased as an endorsement to a business owners policy or a general liability policy. Also, a specific stand-alone policy can be written in conjunction with a business owners policy.
The cost of EPLI coverage will depend on:
Leaders’ Choice can work with you to evaluate your exposure and find the coverage that best suits your organization.
The amount you pay for Employment Practice Liability Insurance can vary wildly among insurance brokers.
It is critical that these policies are written correctly.
A licensed insurance expert is waiting to help you if you please call (866) 211-2123 or submit the form below.