Don't Let Employee Lawsuits Cripple Your Business: Why You Need EPLI
At insureCAL Insurance Agency, we understand the heart and hustle that goes into running a business or farm. You work hard to build a successful operation, but unforeseen events can threaten your progress. One such event? An employee lawsuit.
That's where Employment Practices Liability Insurance (EPLI) comes in. EPLI provides crucial financial protection for your business in the case of employee lawsuits alleging wrongful termination, discrimination, harassment, or other employment-related issues (as defined by IRMI and the Insurance Information Institute).
Here's why EPLI is essential for businesses and farms:
Costly Claims: Even unfounded lawsuits can be expensive to defend. Legal fees can quickly drain your resources, leaving less for your core operations. EPLI covers these costs, allowing you to focus on running your business.
Peace of Mind: Employment disputes can be stressful and time-consuming. EPLI takes the burden off your shoulders by providing legal expertise and representation.
Protects Your Reputation: Public lawsuits can damage your company's image and impact your ability to attract and retain talent. EPLI helps keep these matters discreet.
Reduces Risk: Having an EPLI policy encourages proactive management practices. Many insurers offer loss-prevention services to help minimize the risk of employee claims.
Types of Claims Covered:
The most frequent types of claims covered under such policies include: wrongful termination, discrimination, sexual harassment, and retaliation. In addition, the policies cover claims from a variety of other types of inappropriate workplace conduct, including (but not limited to) employment-related: defamation, invasion of privacy, failure to promote, deprivation of a career opportunity, and negligent evaluation. Source: employment practices liability insurance (EPLI) (irmi.com)
Don't Wait Until It's Too Late:
An EPLI policy is an investment in your business's future. At insureCAL Insurance Agency, our experienced agents can help you find the right EPLI coverage to fit your specific needs and budget. Contact us today to discuss your options and safeguard your farm or business.
insureCAL Insurance Agency
Protecting Farms and Businesses Since 2015
209-250-0269 | info@insurecal.com
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