Employment Practices Liability Insurance
Ormond Beach, Daytona Beach, and Palm Coast, Florida
Insurance varies tremendously among insurers for employment practices liability insurance (EPLI). The companies that provide the coverage are known to sometimes assist the insured in writing policy and procedure manuals to reduce potential claims involving sexual harassment, wrongful termination, or discrimination. Do not make the mistake of believing your business is immune from these type of claims.
Why Do We Need EPLI?
Hiring and firing can be difficult decisions that result in problems for a business, which is why employment practices liability insurance was developed. Clear, consistent policies that are applied to each employee and that directly relate to their job are of paramount importance.
Legal issues that might be covered by EPLI are not all black and white - there are many gray areas. Action by a business could depend upon circumstances such as employee's specific duties, the driving of a company vehicle, or direct involvement with customers. Consult with your insurance agent to make sure you have the right coverage.
Along with an EPLI policy, you are encouraged to document essential job functions, establish measurable standards, maintain regular performance reviews, and apply standards equally to each employee. The best defense against employment practice claims is to know the law and put policies in place that meet or exceed legal standards.
Contact Mitchell Noel Insurance today for a free EPLI insurance quote.