Employment practices liability insurance provides employers with a layer of protection against claims made by employees, former employees, prospective employees, and in some cases third parties, related to discrimination (age, race, sex, disability), wrongful termination, sexual harassment, and other employment related allegations. With challenging economic conditions that include layoffs, terminations and stagnant salaries, these claims have dramatically increased in recent years. A review of the statistics are startling, with employees winning nearly 80 percent of the cases that go to trial, and employers shelling out billions of dollars in legal expenses, lost time and judgement awards. If you have employees, you have an employment practices liability exposure and should consider transferring a substantial portion of this risk through an employment practices liability insurance policy.
Business Insurance Associates, Inc. has access to a number of top rated national and regional employment practices liability providers, allowing us to craft programs specifically tailored to your business needs, addressing the exposures you want coverage for, and doing so at competitive rates.
To receive more information on employment practicces liability, contact us below:
