Did you know you are three times more likely to be sued by your employees than to have your building burn down? It’s true. Many businesses are realizing they have significant EPLI exposure that they are financially unprepared for. Before you hear from the EEOC, it is best to have coverage in place. Wilson Insurance is here to help.
Together we can find solutions to address your insurance coverage and budget requirements.
We don’t want you to pay more than you should either. We will steer you towards savings.
We have been helping Arizona business owners for almost 40 years. We are your local insurance advocates.
EPLI coverage protects your business from allegations of employment-related claims including legal expenses.
Yes. Even if you win an EPLI lawsuit, do you have the funds to pay for a lawyer who specializes in employment practices liability suits? If you lose, do you have the reserves to pay a large settlement without having coverage in force?
It depends on the size of your business, past claims history, and the industry you are in. In general, small to mid-sized businesses pay anywhere from $800 to $3,000 annually or $66 to $250 monthly.
A range of factors contribute to pricing including your business operations, size of your business, policies and training in place, past claim history, and prior claim history.
No. Most policies exclude 1099 employees.
Criminal acts and punitive damages are common exclusions in EPLI policies.
For an articulate answer, we can complete a coverage review and needs analysis for you. Smash the quote now button or give us a call to get started.
Indirectly it will. Aside from providing coverage limits, policies provide additional services like risk management consulting, employee training programs, HR forms, and other services that combine to reduce your EPLI exposures.
Taking the right precautions during hiring, new employee onboarding, and termination will go far. Develop an employee manual that defines job descriptions and sets clear expectations. Have employees sign off that they understand what is expected of them. Be fair and consistent with how your policies are implemented and enforced. And document.
