Otherwise known as EPL insurance or EPLI, employment practices liability insurance shields employers against employee claims alleging discrimination (based on sex, race, age, disability), wrongful termination, harassment and other employment-related issues.
EPLI For Small & New Businesses
As a business owner, regardless of the size of your business, safeguarding yourself from expensive employment-related lawsuits should be a top priority. EPLI coverage provides a valuable shield to help you achieve just that. Small businesses, especially those lacking a legal department or an employee handbook, are more susceptible to lawsuits involving wrongful termination, discrimination, and harassment. EPLI coverage is specifically crafted to assist in mitigating these risks.
EPLI Coverage Costs
The cost of Employment Practices Liability Insurance in Irvine fluctuates based on several factors such as your business size, employee turnover rate, and prior legal suits against your company. It's noteworthy that the cost of an employment practices liability insurance policy is often considerably lower than that of defending a single lawsuit.
Depending on the size of your business and specific needs, EPLI coverage can be purchased as a standalone policy or added onto a Business Owner’s Policy (BOP). If you're uncertain about whether your business necessitates Employment Practices Insurance in Irvine, you can request a quote and gain more information from BearStar Insurance on how EPLI can safeguard your business from employment-related allegations.
Your Trusted Employment Practices Liability Partner