business that has employees should consider
employment practices liability insurance.
The number of claims brought
by employees alleging employment practices
violations – such as discrimination,
harassment, and wrongful termination –
has doubled in recent years. Damage awards
have skyrocketed. And while the vast majority
of these cases settle, settlement amounts
can be significant – particularly
for a growing company.
Despite this dire reality,
your customers can take heart in the fact
that there are now more insurance choices
than ever in the once very limited employment
practices liability insurance (EPLI) market.
These include new programs that make broad
insurance coverage cost-efficiently accessible
to smaller companies (those with less than
250 employees) and to larger, privately-held
companies. There are also more programs
available to help your customers prevent
employment practices violations within their