Studies have recently shown that a business owner is four times as likely to be sued by one of their employees than by one of their customers. This is an alarming statistic since almost all companies carry liability coverage to protect themselves from a suit by a client, but only 10% carry the coverage to defend an employee suit

Employment practices liability insurance commonly known as EPLI has been designed to protect an employer from disgruntled employees who could sue for various reasons such as hiring and firing practices, discrimination, wrongful promotion, and sexual harassment just to name a few. These suits are typically very costly to defend and are not easily settled. The wrong thing to do is to offer to settle out of court with an employee as it could create a domino effect for a company with other employees coming forward.

Our agency can offer you a top of the line insurance contract not only to help defend and cover any potential claims, but to help give you advice on how to handle a situation to protect you should things get ugly. With the partnership or our insurance carriers, we can help you with procedures and develop an office manual that has the proper language to lay the groundwork in defending your claim. Plus most of our carriers have an 800 number you can call to get advice free of charge. The policy premium is typically $100 per employee. Can you afford not to buy this coverage?