It can happen to ANY business – even yours! Every day, your business, whether big or small, faces the reality of being the target of a lawsuit filed by a past, present or potential employee. You can’t monitor every aspect of an employee’s hire or termination, or every converstion taking place in the office or warehouse. As a result, an off-color joke told in the lunch room; an employee you had to fire; or the potential employee you chose not to hire, are all circumstances that could lead to a potential lawsuit. Even if a claim is frivolous or fraudulent, defending it can be expensive.
Claims for discrimination, wrongful termination and sexual harassment are rarely covered under a General Liability olicy. Typically you purchase General Liability coverage to protect you against slip/falls or a products claim. Most General Liability policies contain specific employment related practices exclusions for claims “arising out of or in the course of employment”.
By purchasing Employment Practices Liability Insurance (EPLI) you have coverage against claims made by past, present and potential employees including claims for discrimination (age, sex, race, etc.), WOW sexual harassment, wrongful termination and a variety of other employment related allegations. Also important is that an EPLI policy will cover legal costs and expenses, whether your business wins or loses the suit.
An EPLI policy can be tailored to meet your business’s needs and should be a part of your Business Insurance Program. Contact our office today for more information.
Choosing the right kind of insurance agent can make a big difference in securing the best combination of price and value to fit your needs. Whether you are looking for personal insurance or business insurance buying or shopping for it can be unwelcome and annoying. It must not be taken lightly since it is there to protect your most valuable assets – you, your home, cars, business and future. The worst time to find out you don’t have the right policy and coverage is when you need them the most, AFTER you’ve suffered a loss.
Essentially there are two types of insurance agents. One is the “captive agent” such as those who work for Nationwide or State Farm. A captive agent represents a single company and can only provide you with information or access to that company’s products. The other is an independent insurance agent. These agents have no exclusive relationship with any one company. With an independent agent, you get choices. They represent many insurance companies and work on your behalf to find the best possible rate and coverage to fit your specific needs.
With an independent agent, in addition to having choices, you have the advantage of a licensed professional who will:
- Evaluate and assess your individual risks and requirements
- Identify and tailor policies that are right for you
- Offer products to meet all of your insurance needs, including auto insurance, homeowners insurance, business insurance, life insurance and flood
- Assist you when you have a claim
- Treat you like a person, and provide excellent, hands-on service
An independent agent will help you understand what your policy actually covers, how much of a deductible to carry and how much coverage you need. When it comes to protecting your family, your assets and your future, you want to do it right the first time.
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