Employment Practices Liability
As an employer, you have a responsibility to your employees, to your clients, and to your company. If you are somehow negligent in your duties as an employer, not only can your business suffer consequences, but you might also be personally held liable. As an overwhelming trend, judges tend to be less than lenient when it comes to claims against negligent employers. Indeed, even if someone brings a frivolous lawsuit against you, you will likely have to spend thousands of dollars on legal fees just to clear your name and take back your reputation!
Employment Practices Liability Insurance--EPLI--is comprehensive coverage. Employer claims can arise from failure to maintain a safe working environment as well as from sexual harassment and discrimination lawsuits. Costly court battles over these issues can drain your company's resources and diminish your business reputation. EPLI can help protect your assets. We at Axis Insurance Services invite you to call one of our licensed representatives today to discuss your EPLI insurance needs.
Common EPLI covered claims relate to failure to properly supervise and maintain a safe working environment. EPLI also protects your business from potential liabilities incurred as a result of day-to-day management decisions, such as hiring, firing, wrongful termination, and advancement. In addition, the coverage shields you from claims relating to harassment by employees (one to another) that goes undisciplined. With the increased use of email, instant messaging, and similar technologies, employees are held accountable for failure to maintain proper safeguards, and EPLI can cover this, too.
For real estate firms, Employment Practices Liability Insurance is a necessity. Third party coverage associated with EPLI can extend to independent contractors, such as real estate agents and mortgage brokers, as well as to clients and employees who may be harassed by company sales personnel or independent contractors. All told, even basic plans can save your business thousands of dollars and unquantifiable hardship. Work with one of the licensed representatives of Axis Insurance Services today to find the EPLI plan that is right for you. We can also help you discover packages for D&O, crime insurance, E&O insurance--everything you need to help keep your company and its employees financially protected.
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