5 Reasons Your California Business Needs EPLI Insurance

Employment risks are some of the most serious faced by California employers. These risks can include sexual harassment and discrimination. Employment litigation can destroy a firm large or small. Employment Practices Liability Insurance otherwise known as EPLI is insurance that helps protect you against claims from your employees that result from the general conduct of your business

Employment Liability Facts

• California firms are three times more likely to be sued by an employee than have a fire.
• EEOC changes have increased 30% over the past 5 years
• 7 out of 10 firms don’t buy EPLI
• 5 out of 10 firms think they have the coverage, but don’t

Why EPLI Form Is Important

1. Covers the company and board

An EPLI (Employment Practices Liability Insurance) policy covers claims made against directors, officers, employees, the company and its subsidiaries. The policy can cover a long list of claims including wrongful dismissal/termination, sexual/racial/disability harassment, sexual/racial/disability/religious discrimination, employment related libel, slander, defamation and invasion of privacy, wrongful failure to employ or promote and retaliation

2. Increased claims

It’s becoming harder to ignore the “Me” culture which continues to gather pace. Small and medium sized businesses saw the largest increase in claims in 2013, up 33% according to human resources experts. The average claim cost is over $150,000.

4. Free legal help

Most EPLI policies provide free legal resources for firms to use, so you can call an attorney to help you through a tough issue.

5. Affordable

The cost of a well written EPLI policy is very competitively priced.

We can design a specialized package according to your client’s needs. We are also proactive in identifying any factors that may increase premiums or change your risk.  We also provide consulting and risk management options to protect your clients business.

At Leap / Carpenter / Kemps, Merced County’s largest locally-owned agency, we have an experienced staff of professionals who understand that each business is unique and that the one-size-fits-all approach just doesn’t work