You never know when letting an older worker go can come back as an age discrimination complaint, even though no discrimination occurred. A few off-color jokes can quickly turn into a sexual harassment case and your company can end up footing the bill if you haven’t protected yourself with an EPLI policy. At El Dorado Insurance, our business insurance specialists will partner with you to help you protect your company. Here are just a few of the top reasons you should choose us for your Employee Practices Liability Insurance:
We keep you safe the way you keep others safe
Employee Practices Liability Insurance
EPLI (Employee Practices Liability Insurance) can provide companies an extra layer of protection. EPLI helps protect companies of various sizes against employee claims and lawsuits.
No matter what industry you are in, employees come and go. Many businesses see a lot of turnovers in their workforce. With employees coming and going, how are you to protect yourself from wrongful termination lawsuits? Over the last few years, there has been an exponential increase in claims by employees alleging wrongful termination, sexual harassment, discrimination, and retaliation. The fact that recent settlements and judgments have averaged six-figure amounts encourages employees to pursue such legal actions against former employers.
Companies should not be punished because they choose to downsize due to financial problems. Disgruntled former employees can wreak havoc on a company by making accusations of discrimination or harassment. EPLI (Employee Practices Liability Insurance) can provide companies a layer of protection. EPLI helps protect companies of various sizes against employee claims and lawsuits.
Why El Dorado Insurance is the Right Choice for Protecting Your Business with EPLI
Why do you need the right kind of EPLI for your company?
Expectations & Requirements
There isn’t a legal requirement for businesses to have an EPLI policy. However, when you realize that one out of every five businesses with under 500 employees will face litigation claims, and the average cost for defense is $125,000, it just makes sense.
Coverage for Losses
Defending your business from claims, even if you’ve already done employee training, complied with employment laws, and done nothing wrong, can be expensive. An EPLI policy from El Dorado can help protect you and your assets.
Your policy can cover applicants, part-time or seasonal workers, as well as independent contractors. You can go wider and cover board members to volunteers. You may want to discuss exclusions for downsizing or other workplace events that could cause employee discontent. We will make sure you get what you need.
We will leave setting deductibles to you. It will be based on your needs and budget. At El Dorado, your deductibles are up to you.
Do you want peace of mind knowing you are protected against employee claims? El Dorado is the right choice for your EPLI. We have the experience and expertise you need to help protect your business and assets. Since no business is immune from employee lawsuits, let us help protect your company with EPLI coverage.
Protect Your Business Against Employee Claims
Complete our easy online application to begin the process to better protection and less risk.
Select only coverages that apply to your business, so you get the right coverage at the right price.
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