Are You Covered?

By January 26, 2018 Personal Insurance

If so, your business could be at risk for an employment practices liability claim

It’s a fact more employees are filing discrimination claims against their employers. The Equal Employment Opportunities Commission (EEOC) reported that 93,277 workplace discrimination charges were filed in 2009, the second highest level ever (2008 boasts the highest).

If you answer yes to any of these questions, you may be at risk for Employment Practices Liability (EPL) claims:

1. Is there a chance you will terminate or lay off any employees this year?
2. Is there a chance you might promote any employees this year?
3. Is there a chance you might demote any employees this year?
4. Will you be preparing and delivering performance reviews?
5. Will you be giving salary increases?

The average defense cost for an employment practices claim is $125,000, reports American Agent & Broker 2008. (Even groundless claims may result in legal fees.)

Erie Insurance’s employment practices liability (EPL) coverage provides protection against claims made by employees alleging discrimination, wrongful termination or harassment, including sexual harassment.

Specifically, EPL coverage pays for liability damages and defense costs due to charges by full-time, part-time, temporary and seasonal employees, applicants for employment and recognized volunteers.* Coverage for claims made by third parties, such as customers or vendors, is also available for an additional premium for Ultraflex Customers.

EPL coverage from Erie Insurance is affordable and easy to add to your commercial insurance account. Premiums are set per employee and vary depending on the limit and deductible you choose.

And, if a claim occurs, you’ll have access to experienced claims professionals and attorneys who are experienced in employment law. We also provide a link to online loss prevention resources, including sample employment policies and procedures.

Call us today to add EPL to your commercial insurance account with Erie Insurance. You’ve worked hard to build your business. Make sure it’s protected. Call us at 410-897-9890 to discuss this important coverage.

*Coverage is subject to the terms and limitations of the EPL endorsement.

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