I've noticed in speaking with many different business owners that some of them do not lose sleep over the idea of an employee suing them or their company.
However, if I follow up with more specific scenarios of what employees may sue for, I find that it sparks a conversation of issues currently happening with that company or it brings to light some concerns that the business owner may have been keeping in a secret hiding place. Consider the following examples of what an EPLI or Employment Practices Liability policy covers and then see if you agree with me that if this is not already part of your insurance portfolio, it should be:
• Wrongful Termination
• Sexual Harassment
• Discrimination
• Wage and Hour dispute
Coverage is not limited to these four examples, but these are the most common. Something to keep in mind is that we cannot always control what our employees do. Employees may harass or discriminate other employees or perhaps a vendor that frequents the office. Now you have a lawsuit on your hands for something you may not have even known about until you read a letter on an attorney’s expensive looking letterhead. This policy is one of the easiest to quote and it is well worth the time to do so. Every company's situation is different and cost can fluctuate based on industries. Please feel free to forward this information on to anyone who could use this information, like anyone with employees! If you have any questions regarding Employment Practices Liability, please contact me at (760) 603-0131.
