From discrimination to wrongful termination, businesses are vulnerable to a number of lawsuits if they don’t have the proper employment practices liability insurance (EPLI) in place. Let the business insurance expert team at NorthEast Insurance Services in Englishtown, NJ, provide you with the protection you need in case a claim is filed against your company.
Generally, EPLI covers claims filed by employees that include the following:
- Age, Gender Or Racial Discrimination
- Emotional Distress
- Employment Breach Of Contract
- Invasion Of Privacy
- Libel & Slander
- Mental Anguish
- Negligent Compensation Involving Promotion Or Hiring
- Sexual Harassment
- Wrongful Termination & Disciplinary Actions
The way an EPLI policy typically works is that claims are reported to the insurance carrier, which provides coverage for legal expenses and other related costs. Most policies operate on a claims-made basis, meaning the policyholder is only entitled to the insurance benefits if coverage is in effect when the incident takes place and at the time the claim is filed.
Since every business is different, the type and cost of coverage will vary. The expert agents at NorthEast Insurance Services specialize in helping you determine which EPLI policy is ideal for your company, including whether a standard business opportunity plan offers enough protection.
NorthEast Insurance Services will also discuss other potential incidents involving your employees and third-parties such as vendors or customers. Ask the team if you prefer the EPLI to cover just the board of directors, CEO, and senior managers, or if you want coverage for other key personnel.
Don’t take chances by going without an EPLI. Call NorthEast Insurance Services at (732) 972-1771 to learn more about this important policy. You can also visit their website for details on the wide range of plans they offer, including business insurance and group health insurance. NorthEast Insurance Services provides reliable coverage for a number of industries, including food manufacturing businesses, metal fabricators, plastic product producers, and manufacturers of technology products.