Top 5 Reasons Why To Buy Employment Practices Liability Insurance:
Top 5 Reasons Why To Buy Employment Practices Liability Insurance:
- Over 40 percent of EPL claims are against firms with fewer than 100 employees.
- Three of five employers are sued by former employees every year.
- The financial ramifications of not having EPL insurance can be crippling, especially for small firms because they do not have the operating budgets to handle the defense costs, let alone settlements or judgments, of an uninsured claim.
- The median compensatory award to plaintiffs is $325,000.
- Employment Practices Liability (EPL) covers not only ACTUAL, but also ALLEGED acts of discrimination, harassment, retaliation, wrongful termination and other similar acts.
The following classes of business can be quoted:
- Accounting Firms
- Advertising Firms
- Airport (Local/Regional)
- Ambulance Service- Private
- Architect
- Assisted Living (other than nursing homes) Auto Dealership* Auto Repair/Garages
- Bank- US-Owned*
- Bowling Lanes
- Camps
- Car Washes
- Catering Service- No Banquet Halls & Facilities Cemetery/Funeral Home Church Condominium/Homeowners Associations Consultants
- Contractor- Artisan Contractors
- Counseling Centers
- Country Clubs*
- Credit Operations*
- Daycare Center- Commercial
- Drug Rehabilitation Centers
- Engineers
- Executive Search Firms*
- Fitness Centers
- Grocery Stores
- Hotel/Motel Management Company
- Hotel/Motel Owner
- Insurance Agents- Not USLI appointed
- Insurance Companies*
- Internet Company
- Landscaper
- Law Firm- Other than Entertainment Law (<50 employees) Maintenance/Janitorial
- Manufacturer- All Other
- Mortgage Companies
- Nursing Home/Home Health Care Providers* Plumber Printer/Publisher Property Management Companies* Real Estate Agencies* Recreation/Membership Organization- All Other Rent to Own Furniture Store* Rental Car Agencies*
- Restaurant- Fast Food
- Retail Store- All Other
- Sales/Distributors
- Schools- All Other
- Security Guard Services- All Other*
- Supermarkets
- Transportation/Trucking- All Other
- Travel Agency
- Veterinary Clinics
*Indicates class is not eligible for Third Party coverage. Other classes of business are eligible for quote consideration. An application may be submitted. As always, we appreciate your business! Please let us know if you have any questions!