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Employment
Practices
Liability
Insurance
Did you know
your company can
be financially
devastated when
a savvy trial
lawyer teams up
with a
disgruntled
employee to file
an Employment
Practices
Related Lawsuit?
It happens
every day to
businesses large
and small. You
should strongly
consider taking
proper steps to
protect your
company against
financial ruin.
MYTH: MY
BUSINESS DOESN’T
NEED PROTECTION!
DON'T BELIEVE
IT!
Employment
laws are
intended to help
individuals
protect
themselves
against certain
wrongful acts
committed by
their employers.
Unfortunately,
all it takes is
a smart attorney
to turn this
protection into
a deadly legal
weapon... a
weapon that
could
financially RUIN
your company.
And as usual,
Ignorance of the
law is not a
defensible
position.
Employers are
expected to know
and comply with
the federal,
state, and local
employment laws
that govern
their
businesses.
Sometimes these
regulations
appear to defy
common sense.
Consider the
following
examples:
•
For almost every
federal law
governing
employment
practices, there
is a more
stringent
state-mandated
statute on the
books. Worse
still, companies
must be in
compliance with
the more
restrictive of
the two.
•
In many
jurisdictions,
employees are
allowed to miss
work for school
events and court
proceedings.
•
Employees
caught using
illegal drugs
should be
terminated,
right? Wrong.
Drug addiction
is considered a
disability and
the addict may
be protected
under certain
ADA statutes.
This is one that
many of our
clients we're un
aware of.
•
Sexual
harassment
training is
mandatory in
some states. Did
you know that
employment
discrimination
suits are one of
the most common
heard in the
federal courts,
behind only
criminal and
prisoner-related
cases?
MYTH: MY
BUSINESS CAN
ABSORB THE COST
OF A LAWSUIT.
FACT: A
significant
number of
employment-related
cases are
frivolous. But
even winners are
losers. The cost
of defending a
groundless suit
can exceed
$50,000.
And recent
studies show
that...
•
Discrimination
claims, average
award: Over
$490,000
•
Discrimination
claims, high
award: Over
$12,000,000
•
Retaliation
claims, average
award: Over
$494,000
•
Wrongful
Termination
claims, average
award: Over
$519,000
Are you really
willing to
gamble your
business on one
greedy employee?
As a business
owner, you need
to protect your
company from the
financially
crippling
judgments that
can result from
employment
related claims
and lawsuits.
Employment
Practice
Liability
Insurance (EPLI)
protects you
from claims and
EEOC complaints
of
Discrimination,
Wrongful
Termination,
Sexual
Harassment and
other
Employer/Employee
related claims
brought by your
employees.
ASK YOURSELF:
How much
could you afford
to pay on an
employment
related claim
before feeling
the financial
burden? How
would a $30,000+
EPLI claim
impact your
business?
Typically,
companies with
100 employees or
less are buying
EPLI with annual
coverage limits
of $1,000,000,
and a
retention/deductible
$5,000. Lower
limits and
higher
retentions are
available.
Minimum premiums
are $1,500.
Call us, we'll
walk you right
through it, from
the beginning...
right to
binding,
headache free.
Remember, we're
only an email or
phone call away. Give us a call
at
800-585-8887.
Or e-mail us at
info@InsuranceGuys.com.
DON'T PUT YOUR
BUSINESS AT RISK
ANY LONGER!!
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