Castle Rock Insurance Agency

Why You Need Employment Practices Liability Insurance EPLI

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Why You Need Employment Practices Liability Insurance (EPLI)

  • A private company is more likely to have an Employment Practices claim than a General Liability or property claim.
  • 3 out of every 5 employers are sued by former employees
  • 65% of all companies that have ever fired an employee have been hit with an employment related lawsuit
  • In 2006, the median award for all plaintiff verdicts was over $200,000
  • Over 40% of all Employment Practices claims are brought against firms with less than 100 employees

Full Prior Acts Available for Most Risks

Employment Practices Liability Insurance EPLI

Provides coverage for acts occurring prior to the inception of the policy that result in claims made during the policy period?

Punitive Damages are included in the definition of Loss with most favorable venue wording (available in most jurisdictions). Punitive damages can be one of the largest EPL exposures for an organization.

Most favorable venue wording is especially important for organizations with multiple locations as punitive damages are not insurable in all states.

Third Party coverage available for most classes of business provides coverage for claims made by non-employees, usually customers or vendors, that allege that an employee harassed or discriminated against them. Independent Contractors are included in the definition of Employee.

Risk Management Services

Free unlimited employment practices consultation helpline PLUS Sexual Harassment Prevention Training online at a 50% discount (satisfies state mandated training for CA, CT and ME)

The PeopleSystems® Help Line provides toll-free consultation with a team of HR specialists trained to help Principals/Managers respond effectively to their unique personnel issues such as:

  • Wage and Hour regulations
  • Human Rights
  • Sexual Harassment and Discrimination
  • Personnel policies and practices
  • Corrective discipline, suspension, termination and warnings
  • Employment laws including but not limited to:
    • The Americans with Disabilities Act
    • The Family Medical Leave Act
    • COBRA and
    • The Fair Labor Standards Act.

Click here for an Employment Practices Liability Insurance quote.

Why You Need Employment Practices Liability Insurance (EPLI)

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Sunday, October 22, 2017
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