That’s a question we hear often. After all, your organization runs smoothly, with excellent personnel policies in place to protect you, and your employees. Regardless, employee filed lawsuits do occur … and probably more frequently than you think. In 2009, the Equal Employment Opportunity Commission (EEOC) received over 93,000 charges, one of the highest amounts on record.* Even more alarming, this number doesn’t include employment claims filed with state and local agencies.
The cost alone to defend against such claims can be staggering, with legal fees often in excess of $250,000 — even with a successful defense! Discrimination, sexual harassment, wrongful termination — these are just a few of the problem areas covered by Employment Practices Liability Insurance (EPLI).
Interested in learning more about EPLI and how adding coverage can strengthen your risk management defenses? Contact El Dorado today at 800.221.3386.
The U.S. Equal Employment Opportunity Commission