EMPLOYMENT PRACTICES LIABILITY INSURANCE
Employee lawsuits are on the rise. Rise above them.
With the average cost of an employment lawsuit exceeding $270,000, employers of all sizes need to ensure they have sufficient coverage.
Consider our employment practices liability insurance services.
From the moment the pre-hiring process starts, you are vulnerable to an employment-related lawsuit. As a result, your business should take a hard look at whether it can afford to defend itself against alleged wrongful employment practice accusations. If not, employment practices liability insurance can help protect your company’s assets from accusations of wrongful termination, discrimination, or sexual harassment. This coverage applies to the directors, officers, and employees, and can sometimes extend to individuals not employed by the insured, but who come in contact with your organization and its employees.
How are mid-sized businesses at risk?
Many businesses are particularly at risk for employment-related claims because they have minimal administrative staff, lack in-house counsel, and/or full human resources departments. Insufficient record keeping can also leave an organization more exposed.
With employment-based lawsuits on the rise, more insurers are beginning to offer EPL insurance policies with comprehensive coverage to small and mid-sized businesses.
We’re here to help you succeed.
Let Marshall+Sterling help you determine the right employment practices liability insurance for your organization. Reach out to us today to learn more.
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