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An Employment Liability Update

If you have employees, you are at risk for employment liability claims.  Legislation such as the Family Medical Leave Act and the Americans With Disabilities Act, plus a growing number of job-related lawsuits and claims, have created the need for business owners to consider a type of insurance known as Employment Practices Liability Insurance, or EPLI.   A normal commercial insurance policy may not cover this risk, so it pays to have us complete a review of your insurance coverage.

An Employment Practice Liability Insurance policy offers insurance protection against claims and lawsuits that are brought against a business, its officers or directors, or its employees and managers.

Claims can be broken down into the following categories:

·         Harassment

·         Wrongful termination

·         Breach of employment contract

·         Discrimination

·         Invasion of privacy

·         Compensation issues

·         Employee benefits administration


Employers need to protect themselves from possible litigation. An EPLI policy can provide that added protection.

Ten Reasons to Have EPLI Coverage

·         General liability policies do not cover this exposure.

·         Wage and hour claims have tripled since 1997.

·         Over 60% of claims come from former employees.

·         Forty percent of claims involve firms with 50 employees or less.

·         The average cost to defend an EPLI claim is $150,000.

·         Forty seven percent of verdicts are between $100,000 and $500,000.

·         The EEOC recorded over 73,600 complaints in 2015.

·         Claims can come from vendors and even clients.

·         The financial ramifications can cripple your firm.

·         Coverage is very affordable and easy to obtain.

Alternatives Insurance® Agency was established in St Louis County in the fall of 1992 .  Throughout the remainder of 1990's and through the millennium, additional locations were opened in order to service North and West St Louis, Saint Charles and Jefferson Counties.  The demand for our products continued to increase motivating the partners of the organization to develop a business model in an effort to continue the growth and success without losing our superior customer service values.       

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