If you answered yes, are you insured against wrongful acts of discrimination, retaliation or harassment?
Since the typical commercial general liability policy excludes coverage for employment practices liability (EPL), additional stand-alone coverage must be purchased. Increased awareness of laws, a diverse workforce and increased enforcement of laws make knowing your business is covered more important than ever.
There are also many emerging issues relating to EPL, such as social media, the Genetic Information Nondiscrimination Act and changes relating to the definition of disability.
Consider this: According to the Equal Employment Opportunity Commission (EEOC), there were 99,412 EPL charges in 2012. Just five years prior the number was 82,792.
This is a 20% increase in claims against business owners, and these claims can have a devastating impact on businesses, whether large or small. According to Hartford Steam Boiler, the average EPL claim can range from $25,000 to $50,000.
To assist you in facing the changing laws relating to EPL, our agency has the tools to help you find the right coverage. We can tell you about the many limit options and deductibles available that will allow you to purchase the protection you need at a competitive price.
Call us today at 770-371-8247 so we can help ease your mind and protect your business against EPL claims.
from Auto-Owners