Employment Practices Liability Insurance
These days it’s not uncommon for a business to find themselves swept up in a lawsuit. The worst part is the litigation doesn’t even have to be based on facts. Unfortunately, there are unscrupulous people that look for opportunities to cash-in on a big payday. Gonzalez & Company would hate for your business to find itself in such a situation.
We would hate for any client of ours to be put under financial and emotional strain caused by a frivolous lawsuit. That’s why we go above and beyond to make sure our customers have a solid Employment Practices Liability Insurance (EPLI) policy to keep their business safe.
Gonzalez & Company works with every size company, from the self-employed tradesmen to the huge operations employing thousands. We work closely with every business owner and manager to create the best protection for the right price.
What Does an EPLI Cover?
An EPLI policy will reimburse your business for any expenses incurred as part of defending your company from a lawsuit regardless. Your company will benefit from the EPLI benefits whether you win or lose. In fact, should your company be found guilty, the EPLI policy will also cover settlements and judgements you must pay.
Gonzalez & Company will recommend an EPLI policy from a major carrier with an excellent reputation. We’ll also recommend higher coverage for businesses who have higher risks, like technology or trucking firms.
EPLI can be combined and written under a standard Business Owners Policy (BOP). However, larger companies tend to need a standalone EPLI policy. Our business specialists will help figure out what works best for your organization.
Here are the types of matters a typical EPLI policy covers:
- Sexual harassment
- Discrimination
- 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
Lawsuit Proof Your Business
The only fool-proof way to protect your business from liability lawsuits is to avoid being named in a litigation from the start. Gonzalez & Company are always glad to advise our clients on the best ways to safeguard their businesses from liability lawsuits. Making sure your company has clear corporate policies and proof that your workers have been educated on those policies is critical.
Your business will become bullet-proof by integrating solid company policies with an excellent EPLI policy from a reliable insurance carrier.
Get an Insurance Quote!