EPLI
Employment Practice Liability Insurance
You need to protect your company from the financially crippling judgments that can result from employment related claims and lawsuits.
Employment Practice Liability Insurance (EPLI) protects you from claims and Equal Employment Opportunity (EEOC) complaints of Discrimination, Wrongful termination, Sexual harassment and other Employer/Employee related claims brought by your employees. Here are some facts regarding this coverage:
- A total of 405,903 charges were brought to the EEOC from 2000-2004
- 10% of the federal court docket is comprised of employment law cases
- Statistics show that an employer is more likely to have an employment claim than a property or general liability claim.
- There are 200,000 EEOC and State Agency Charges per year
- Over 20,000 employment related charges go to litigation each year resulting in an average reward of $167,000 with average legal fees in excess of $10,000
Here are some questions you need to ask yourself:
- How much could you afford to pay on an employment related claim before feeling the financial burden?
- How would a $30,000+ EPLI claim impact your business?
| Please allow our Agency to provide you with a premium indication for this important coverage by answering a few simple questions.: |
