If you have employees, you are exposed to potential employment liability claims. Employees know their rights, and it is time for all employers to be more informed about how to protect their companies. There are many reasons why you need to make Employment Practices Liability Insurance (EPLI) part of your commercial insurance program.

  1. EPLI covers the company and board

An EPLI policy covers claims made against directors, officers, employees, the company, and its subsidiaries. The policy can cover a long list of claims including wrongful dismissal/termination, sexual/racial/disability harassment, sexual/racial/disability/religious discrimination, employment related libel, slander, defamation and invasion of privacy, wrongful failure to employ or promote, and retaliation

  1. Increased claims

It’s becoming harder to ignore the “me culture” which continues to gather momentum. Small and medium sized businesses saw the largest increase in employment practice liability claims in 2013; up 33% according to human resources experts. The average claim cost is over $150,000 and is growing yearly.

  1. Company reputation

A company’s reputation in the marketplace can be severely damaged by employment practice claims. The negative publicity may be followed by potential reluctance of your clients and/or suppliers to trade with your company.

  1. Free legal help

Most EPLI policies provide free legal resources for firms to use. You can call an attorney to help you through a tough issue.

  1. Cost is very competitive

EPLI premiums are not as high as you might think. Premiums can run much less than the cost of defending just one occurrence.

We can design a specialized package according to your property, liability, and casualty needs. We are also proactive in identifying any factors that may increase your premiums or change your risk, and provide consulting and risk management options to protect your business. We are ready to help you better understand your risks. Please call our office today.

We are professional Insurance Advisers and we want to do more than just sell you insurance. Our goal is to understand each of our client’s personal needs and offer sound solutions. Because we are an independent agency, we represent multiple carriers on your behalf.

We have the latest in quoting technology, blended with professional and personal service. At Columbia River Insurance Services, we pride ourselves on not just meeting, but exceeding our customer’s expectations. Once the sale is made, that is just the beginning of our relationship.

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