BEFORE AN EMPLOYEE SUES, ENSURE YOU’RE PROTECTED Why Businesses of All Sizes Need EPL Insurance
That’s why it’s always a good idea to equip your business with Employment Practices Liability Insurance (EPL or EPLI), which is designed to protect companies against many types of employee lawsuits. This usually includes claims of sexual harassment, wrongful termination, discrimination, breach of employment contract, wrongful infliction of emotional distress, negligent evaluation, and several others. In the event of a suit, EPLI will reimburse your business for any legal costs you incur plus the cost of any judgment or settlements you may reach. Cost of EPLI coverage will depend upon the nature of your particular business, as well as the number of employees. If you’ve been sued for employment violations in the past or exhibit other risk factors, those will be taken into account. Regardless of the nature of your company, it’s important to prepare yourself against this surprisingly common contingency. Call the experts at Risk Services/Insurica at 501.666.6653 to determine your options and ensure you’re protected, no matter what happens. Sudoku
From the very first moment a prospective employee comes into your office for an interview, you’re at risk of them bringing an employment claim against you. Maybe you’ll decide to pass over them during the hiring process, and in response, they’ll allege that discriminatory practices came into play. Maybe you’ll hire them, only for them to claim later that you’re underpaying them on the basis of their gender or race. Obviously, it’s essential that you follow employment law to a T and give people of any race, gender, religion, disability, or age a fair shake in the workplace. But it’s also vital to be prepared in the event that a member of your team alleges otherwise. Many owners of small and midsized businesses (SMBs) assume that claims of discrimination or other violations of employment law only hit massive corporations. But in reality, budding companies are particularly vulnerable to such claims. Without carefully outlined employment practices, HR departments, or legal advisors to help steer clear of violations, SMBs leave themselves open to costly lawsuits — especially in the turbulent political climate of today.
Have a Laugh!
Specialized Insurance Programs for Specialized Industries. • www.insurica.com • 3
Made with FlippingBook - professional solution for displaying marketing and sales documents online