Running a business is hard. Managing employees is even harder. Beyond tax and regulatory compliance, employment law is literally a whole field of study unto itself. Failure to carefully follow employment law can result in fines, penalties, and lawsuits. Employment Practices Liability Insurance – EPLI protects against claims related to wrongful termination, sexual harassment, hostile work environment, and the like.
Business owners often tell us “but I really know my staff” and “my employees are like family”. The trouble is that even the closest families fight sometimes. Add some workplace pressure, fail to follow established employment law, or have a serious lapse in judgement… and you’ll find yourself on the receiving end of an employment-related lawsuit. Protect yourself with employment practices liability insurance – EPLI.
Facts: Employment Practices Liability Insurance – EPLI
- If you have any workers, you are at risk.
- A single (even if fraudulent) claim normally costs $30,000 or more to defend.
- Policy premiums start around $1,000 per year.
- Coverage available in all fifty states and Washington DC.
Get employment practices liability insurance (EPLI) today.
The frequency of employment-related lawsuits in the US is increasing at an alarming rate. Businesses with any number of employees (even just one) are exposed. Cover yourself against the virtual certainty of an EPLI claim for as little as $1,000 per year.
Most insurance companies offering employment practices liability insurance (EPLI) also include (at no charge) assistance with a variety human resource issues. They provide help in developing effective employee manuals and can provide on-demand answers to all kinds of employment/staffing questions from qualified employment law attorneys.