Liability Insurance Needed Due to Rise in Employee Claims

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Employment Practices Liability

The number of employment related claims are steadily increasing. This means a rising potential for financial risk that could be devastating to your business. Therefore, the need for adequate employment practices liability insurance should not be overlooked.
The necessary defense for a discrimination or wrongful termination claim, even if you are not found to be guilty of the charges against you, could be rather expensive. Even if the claims are fraudulent or without ground, you will still have to pay mounting legal fees. In addition, the potential exposure for money damages awards will threaten the financial resources of your business.
With such an increased risk that you face running a business in today’s litigious world, you need to make absolutely certain that the insurance coverage that you hold will protect you against employment related claims. The majority of comprehensive general liability insurance will not include such claims. In some cases, a directors and officers policy will provide a limited amount of coverage, but this coverage will not extend to the business entity. In fact, there is a long list of claims that your general business insurance may not cover if you do not have EPLI, such as:
• Breach of Contract
• Disabilities
• Discrimination
• Drug Testing
• Emotional Distress
• Hiring Negligence
• Invasion of Privacy
• Libel
• Loss of Consortium
• Mental Anguish
• Promotional Negligence
• Retention Negligence
• Sexual Harassment
• Slander
• Supervisory Negligence
• Statute Violation
• Wage Disputes
• Wrongful Termination
In response to the escalating number of employment related claims and the financial risk that companies are facing due to such claims, California Southwest Insurance...

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...the best, customized service as well as quick, expert handling of claims in the industry, but we also take the time to guide you through the entire process to make sure that you understand all of the intricate details of your EPLI policy.
In order for your business to really thrive, you will need to hire a team of employees. As your business becomes more and more successful, you will need to expand and hire even more employees. With each employee that you hire, you are faced with additional risk exposure.
You do have to waste your time worrying about when one of these employees will feel that they have been wronged in some way and decide to take legal action. You need to spend your time focused on growing and maintaining the business that you have worked so hard to build. Complete the no-obligation quote form to quickly find out how affordable peace of mind can be.

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