Discrimination. Sexual Harassment. Wrongful Discharge. Defamation.
Every year, thousands of employees make claims like these against even the best employers. Even if you think 
of your company as family, or you just have one employee, it can happen to you. Employers of all types and sizes are sued by employees. When that happens, jury awards and out-of-court settlements can run into significant amounts. Add in legal fees and management attention and the total cost can be staggering. If you only have the standard Business Owner Policy, you could be bearing that cost alone.
Adding an Employment Practices Liability Insurance (EPLI) endorsement to your policy can help protect you from the financial consequences of a lawsuit. The cost of EPLI coverage depends on your type of business, the number of employees you have and other risk factors such as company history.
Once you have EPLI in place, should your company be sued, you could be reimbursed against the costs of defending a lawsuit in court and for judgements and settlements. Policies typically do not pay for punitive damages or civil or criminal fines. Also, liabilities covered by other insurance policies such as workers compensation or general liability typically exclude any EPLI exposures.
To help prevent employee lawsuits, conduct thorough hiring and screening processes; offer regular training and education to all employees; post company policies in visible places to promote awareness; and practice routine and thorough documentation.
With prevention practices in place and the peace of mind that protection brings, you can focus on the success of your business. So don’t wait, talk to your Independent Insurance Agent today about Employment Practices Liability Insurance.