Are you protected with an Employment Practices Liability Policy?
If you're with TAG you can be. There is a growing trend of litigation occurring and it's hitting small businesses, not just corporate giants. Small businesses are extremely vulnerable to being sued,
especially in a soft economy when employees are looking to "blame" someone else.
Employment Practices Liability Insurance (EPLI) is not covered in standard commercial general liability policies. Therefore, any claim by an employee such as:
- Discrimination
- Sexual Harassment
- Wrongful Termination
- Breach of employment contract
- Negligent evaluation
- Failure to employ or promote
- Wrongful discipline
- Deprivation of career opportunity
- Wrongful infliction of emotional distress
- Mismanagement of employee benefit plans
The typical cost to an employer in 2008 was $49,000 in defense costs and a settlement of $125,000!
TAG includes an EPLI policy from United States Liability Insurance Group, A Berkshire Hathaway Company for $1,000,000 of coverage and $500,000 of legal fees.
