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EPLI- Employer Practices
Liability Insurance:
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EPLI - Employment Practices Liability Insurance |
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DO YOU HAVE EPLI COVERAGE FOR YOUR
BUSINESS?
Employment
Practices Liability Insurance provides protection for an
employer against claims made by employees, former
employees, potential employees and guests. It covers
discrimination (sex, age, disabled guests, race, etc.),
wrongful termination, sexual harassment, refusal of
service, and other employment-related allegations.
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EPLI Facts for Small Businesses
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Statistics confirm an employer is more likely to have
an employment claim than a property or general
liability claim.
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The
average amount paid for out-of-court settlement is
$40,000.
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Defense
of the average EPLI case, through trial, costs over
$45,000.
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The
mediam compensatory award in EPLI cases is $218,000.
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67% of
all employment cases that litigate, result in a
judgement for the plaintiff.
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10% of
awards in cases involving discrimination and wrongful
termination are in excess of $1,000,000.
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Six out
of ten employers have faced employee lawsuits within
the last five years.
(Society
for Human Resource Management)
41%
of all EPLI claims are brought against small employers
consisting of 15 to 100 employees EEOC
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Can you imagine any of the following situations?
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A
disabled customer is unable to access your property,
files suit for humiliation and ADA violation. Average
defense cost is $45,000 and verdict is $30,000.
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An
employee, who had a consensual relationship with
another employee, asserts a claim for sexual
harassment when the relationship sours. Average
defense and verdict is $85,000.
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A staff
member claims a guest "hit on her" and you, as the
employer, did nothing to stop it. Average defense
cost is $25,000 and verdict is $25,000.
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An
employee asserts he or she was discriminatorily
discharged, even if you had documented and justifiable
reasons for the termination. Average defense cost is
$55,000.
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A job
applicant claims he or she was denied a job because of
legal status, gender, race, ethnicity or disability.
Average defense cost is $45,000.
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An
injured employee, who files for workers' compensation
benefits and is later terminated, asserts a claim for
retaliatory discharge. Average defense and verdict is
$218,000.
888.611.7467
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If you
could imagine being faced with one of these situations,
then you need Employment Practices Liability Insurance
(EPLI). EPLI is fast becoming a critically important
coverage for small business owners to properly protect
their businesses and assests. Six out of ten employers
have faced employment lawsuits within the past five years,
with smaller businesses least able to afford the financial
burden of litigation.
That's
why The Insurance Shop is pleased to provide a superior
program for Employment Practices Liability Insurance
that not only provides insureds with the important
protection against judgements and for the cost of
defending against such allegations, but also provides
insureds and their staffs with the proper training to
help avoid being the subject of litigation.
Contact
us today so we can shop EPLI Insurance for your
business.
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