Organizations with Employees Need Employment Practices Liability Insurance

Over the years we have seen an increase in employee related claims and disputes. There is only 1 insurance product that will provide the coverage that you need when an employee dispute arises, Employment Practices Liability.

Employment Practices Liability, also known as “EPL”, is a coverage generally purchased with Directors & Officers Liability. It is rated on the organizations annual budget, payroll and number of employees. The organizations type of business and employee turn over are also important rating factors.

This coverage will defend the organization from employee disputes such as Wrongful Termination, Harassment, Discrimination and other common claims. The policy is very dynamic and can have any of the following:

-Claims Made/Retro Date

-Defense Inside or Outside of the Limit

-Duty to Defend

-Deductible Options

Like Workers Compensation, there are attorneys willing to draw-up lawsuits against your business on a contingency basis. This means that your current or former employee can sue your organization without spending a dime and the attorney will make a percentage of the settlement earned from the insurance company. Without this coverage the organization will be subject to defend themselves out of their own pocket or be forced to draw from the organizations operating budget!

Obtaining a quote is simple, just call our office and we will work with you to obtain quote options. If you currently have coverage in force, we have multiple markets and can provide you with quotes to compare. Don’t go another day without this coverage in place because in today’s litigious society, the question isn’t if you will get a claim, the question is when…