While cases of workplace discrimination fell slightly in 2013 vs 2012 there were still nearly 94,000 claims of workplace discrimination in 2013. (EEOC) Employment Practice Liability Insurance, also known as EPLI can help to financially protect your business in the case of discrimination, failure to employ/promote, wrongful termination, breach of employment contract & sexual harassment.
“I’m not planning on discriminating against anyone so why would I buy this coverage?” The truth is no matter how careful you are; employees or potential employees may file false claims of discrimination against you. Defending these claims can become quite costly. According to an article by the Hartford, in one actual case an employer had to spend almost $100,000 to defend their business from a false claim of sexual harassment. While most suits are filed against large corporations, no company is immune to these kinds of lawsuits.
Don’t leave yourself unprotected! Give us a call today at 864-688-0121 to get a quote on Employment Practice Liability Insurance.
The Hartford: http://pages.agent.thehartford.com/RD-11-2013-SC-1/