Information On Employment Practices Liability Insurance

To help prevent discrimination in the workplace

, the United States has passed laws dealing with wrongful termination, sexual harassment, discrimination, invasion of privacy, false imprisonment, breach of contract, emotional distress, and wage and hour law violations. These laws are enforced on a state and federal level through state agencies, the Equal Opportunity Employment Commission, and the Department of Labor. To protect against this potentially damaging liability, businesses can take out employment practices liability insurance.

Insurance agents in Texas recommend employment practices liability insurance for any business. No business is too small for employment practices liability insurance, because all it takes is one claim to damage the reputation of the business, if not completely shut down the business. Employment practices liability insurance is also important because general liability insurance does not protect from any employment liability claims. Businesses have general liability insurance to protect from damages and claims due to bodily injury of both customers and employees, but in 2011, there were more employment practices liability insurance claims than general liability insurance claims. In addition, over 40% of claims covered under employment practices liability insurance were brought against companies with less than 100 employees.

Insurance agencies in Texas recommend employment practices liability insurance to protect from many different claims. The most common claims covered under employment practices liability insurance include discrimination, harassment, wrongful termination, failure to hire, Fair Labor Standards Act disputes, retaliation, Americans with Disabilities Act disputes, and Uniformed Service Employment and Reemployment Act disputes. Discrimination and harassment are potentially the most damaging claims. Employment practices liability insurance policies usually attribute discrimination or harassment to differences in sex, age, weight, ethnicity, race, religion, pregnancy, or disabilities. Sexual harassment and hostile work environments fall into a discrimination or harassment claim under an employment practices liability insurance policy. Wrongful termination is another claim used frequently and covered by employment practices liability insurance. 65% of all companies that have fired an employee have had wrongful termination lawsuits brought against them. In addition, 3 out of every 5 employers are sued by former employees, making employment practices liability insurance even more attractive.

Insurance agencies in Texas recommend employment practices liability insurance to every business. In Texas, many statistics show that even small businesses are potential targets for claims frequently covered by employment practices liability insurance. Having this protection gives business owners increased peace of mind and ensures the business will not be completely disrupted by a claim covered by employment practices liability insurance.

by: Boardwalk Insurance

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