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"My Employee is Suing Me?" 

Here's hoping you never have to say, "They're suing my business." Or if you do, here's hoping you have Employment Practices Liability Insurance (EPLI). Without it, the cost of defending an employee lawsuit averages $60,000.

With so many employees suing employers, businesses must take further action to protect themselves.

Even if you are unaware of the situation, you are still liable for damages. So what should you do?

Tools to protect you and your business

• 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 (EPLI).

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 about Employment Practices Liability Insurance (EPLI) today – we’re here to help.