Employment Practices Liability Insurance

The cost of defending an employee lawsuit averages $60,000. With the litigious world we live in, employers must take further action to protect their businesses. Even if you are unaware of the situation, you are still liable for damages. So what should you do?

Protect yourself and your business with:

- Clear, well established and communicated standards of conduct;
- A system where the employee can express their complaints without fear of retribution;
- An employee handbook stating code of conduct and complaint information, and;
- Invest in Employment Practices Liability Insurance.

The benefits of EPLI:

- Pays any damages for which the employer may be liable;
- Pays legal costs incurred in defending the lawsuit;
- Many insurers are willing to work with their clients to establish a good employee handbook, and;
- Insurers can help develop strategies to avoid lawsuits from occurring.

This is an area of business that cannot be taken for granted. Contact Balcos Insurance today – we’re here to help.

Business Insurance > Employment Practices Liability Insurance