COMMERCIAL INSURANCE
Employment Practices Liability Insurance

About Employment Practices Liability Insurance
Employment Practices Liability Insurance is a relatively new. As soon as you start to hire employees, you need to establish an Employment Practices Liability Insurance policy. Most investors and boards will require that you carry this coverage as part of your Directors and Officers Liability Insurance since they can also be held liable in these types of lawsuits relating to employment practices.
Employment Practices Liability Insurance covers your firm, including its Directors and Officers and will provide protection for an employer against claims made by

• employees,
• former employees, or
• potential employees.

The topics Employment Practices Liability Insurance will cover are:

• discrimination (age, sex, race, disability, etc.),
• wrongful termination of employment,
• sexual harassment, and
• other employment-related allegations.

Companies are vulnerable from the pre-hiring process through the exit interview, even if the employee was never hired, or at the company for a short period of time.
Every employer needs to realize that it could be the target of legal action from past, present and potential employees. Even if the claim seems to be minor, the defense of a suit can be expensive.

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Annual Review
At BLG, we strongly recommend you review your insurance coverage at least once a year. Your commercial situations may have changed.  Or, maybe you’ve made a few major purchases throughout the year that should have extra coverage.  Inflation or depreciation can affect the value of your properties and their contents.  Call BLG now to review, renew or establish your customized insurance policy that fits your world.