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Employement Practice Liability, What you need to know

Employement Practice Liability, What you need to know

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Published by Grant W Davis
Below is a link to more about EPLI issues and insurance. Basically in most cases EPLI issue are simply legalized extortion. Some are very legitimate, but most are just bad eggs getting over on a system designed to extort money from business owners. I use the word extortion so you are aware, that these claims come with a threat. You pay us, even thou we see you really didn’t do anything wrong, or we will _____!

So we recommend buying the coverage. For most small business owners it is 1,500 to 2,000 a year. very inexpensive compared the hundreds of thousands it costs just to defend a base less claim.

From the moment that you start the pre-hiring process until the exit interview, you are vulnerable for a lawsuit. As a result, your business should take a hard look at whether it can afford to defend itself against alleged wrongful employment practices accusations. If not, there is an insurance solution called Employment Practices Liability that protects against wrongful termination, discrimination (age, sex, race, disability, etc.) or sexual harassment suits from your current, prospective or former employees.

This coverage applies to directors, officers and employees, and can sometimes extend to third party liabilities. According to researchers, three out of five employers will be sued by a prospective, current or former employee while they are in business. While many suits are groundless, defending against them is costly and time-consuming. Employment Practices Liability Insurance provides protection from the following wrongful employment practices,

•Harassment •Discrimination •Actual or alleged wrongful dismissal, discharge or termination •Employment-related misrepresentation •Employment-related libel, slander, humiliation, defamation or invasion of privacy •Wrongful failure to employ or promote •Wrongful deprivation of a career opportunity, wrongful demotion or negligent evaluation •Wrongful discipline •Vicarious liability for intentional acts •Punitive damages •Coercion or humiliation in relation to race, marital status, gender, age, physical and/or mental impairments, pregnancy, sexual orientation and any other protected class established by federal, state and local statutes Many policies offer the following inclusions and add-ons: •Consultation, HR assistance and other risk management consultative services. •Coverage for defense costs outside the policy limits (for qualifying risks). •Third party liability coverage (for qualifying risks). •Volunteer workers can be added as additional insured’s. •Extended reporting periods may be added.

To learn more about Employment Practices Liability coverage and how GDI Insurance Agency, Inc. can help protect your business, contact us today at
209-634-2929.Or visit our site for more http://www.gdiinsurance.com/insurance-quotes/employment-practice-liabilty-epli-insurance
Below is a link to more about EPLI issues and insurance. Basically in most cases EPLI issue are simply legalized extortion. Some are very legitimate, but most are just bad eggs getting over on a system designed to extort money from business owners. I use the word extortion so you are aware, that these claims come with a threat. You pay us, even thou we see you really didn’t do anything wrong, or we will _____!

So we recommend buying the coverage. For most small business owners it is 1,500 to 2,000 a year. very inexpensive compared the hundreds of thousands it costs just to defend a base less claim.

From the moment that you start the pre-hiring process until the exit interview, you are vulnerable for a lawsuit. As a result, your business should take a hard look at whether it can afford to defend itself against alleged wrongful employment practices accusations. If not, there is an insurance solution called Employment Practices Liability that protects against wrongful termination, discrimination (age, sex, race, disability, etc.) or sexual harassment suits from your current, prospective or former employees.

This coverage applies to directors, officers and employees, and can sometimes extend to third party liabilities. According to researchers, three out of five employers will be sued by a prospective, current or former employee while they are in business. While many suits are groundless, defending against them is costly and time-consuming. Employment Practices Liability Insurance provides protection from the following wrongful employment practices,

•Harassment •Discrimination •Actual or alleged wrongful dismissal, discharge or termination •Employment-related misrepresentation •Employment-related libel, slander, humiliation, defamation or invasion of privacy •Wrongful failure to employ or promote •Wrongful deprivation of a career opportunity, wrongful demotion or negligent evaluation •Wrongful discipline •Vicarious liability for intentional acts •Punitive damages •Coercion or humiliation in relation to race, marital status, gender, age, physical and/or mental impairments, pregnancy, sexual orientation and any other protected class established by federal, state and local statutes Many policies offer the following inclusions and add-ons: •Consultation, HR assistance and other risk management consultative services. •Coverage for defense costs outside the policy limits (for qualifying risks). •Third party liability coverage (for qualifying risks). •Volunteer workers can be added as additional insured’s. •Extended reporting periods may be added.

To learn more about Employment Practices Liability coverage and how GDI Insurance Agency, Inc. can help protect your business, contact us today at
209-634-2929.Or visit our site for more http://www.gdiinsurance.com/insurance-quotes/employment-practice-liabilty-epli-insurance

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Categories:Types, Business/Law
Published by: Grant W Davis on Apr 26, 2013
Copyright:Attribution Non-commercial

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07/20/2014

 
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