sex_harrass-150x150Whether you are a large or small business you know the employer – employee relationship have changed. In today’s world, employers can no longer assume all employment relationships will go smoothly. Finding a suitable Employment Practices Liability Insurance (EPLI) program has become one of the single most important things owners and managers can do. We can design products to protect clients against breach of employment contracts, discrimination, wrongful termination and sexual or other harassment issues. EPLI policy covers claims against directors, officers, employees, the company and its subsidiaries. The policy covers a long list of claims including wrongful dismissal/termination, sexual/racial/disability harassment, sexual/racial/disability/religious discrimination, employment related libel, slander, defamation and invasion of privacy, wrongful failure to employ or promote and retaliation

Reasons To Have EPLI Coverage:

  •  General liability policies don’t cover this exposure
  • Over 60% of claims come from former employees
  • The average cost to defend an EPLI claim is $150,000
  • 47% of jury awards are between $100,000 and $500,000
  • The Equal Employment Opportunity Commission recorded over 93,000 complaints in 2009
  • Claims can come from vendors and even clients
  • The financial ramifications can cripple your firm
  • Coverage is very affordable and easy to obtain

Most EPLI policies provide free legal resources for firms to use. You can call an attorney to help you through a tough issue. In most cases we are able to provide a premium indication in less than one day. Henry Insurance Service today for more information.