AXIS INSURANCE SERVICES, LLC: The Employment Practices Liability Insurance Specialists
A hostile working environment, workplace discrimination, and accusations of sexual harassment continue to be the top trending employment practices litigation cases, with companies increasingly facing tougher regulatory investigations and actions— no matter what size organization you are. According to Trusted Choice, a leading insurance association, employee lawsuits have increased by 400% during the past 20 years, with wrongful termination suits skyrocketing more than 260%. About 41.5% of these employee lawsuits are brought against private companies with fewer than 100 employees. Also, the financial damage of employee lawsuits can be significant, with the cost of settling out of court averaging $75,000, and the average jury award hitting $217,000 if the case goes to court and the employer loses. Even those businesses with strict employment guidelines can find themselves facing an employment practices claim.
Protect Your Professional Business with EPLI Coverage
Axis Insurance Services, LLC will provide the protection you require for employment-related claims with Employment Practices Liability Insurance. A typical EPLI policy protects against defense costs, damages, and attorney fees for claims relating to:
- Hostile work environment
- Workplace harassment
- Sexual harassment (employees, third parties, clients, vendors, or independent contractors)
- Discrimination (age, race, gender)
- Wrongful demotion or termination
- Failure to employ or promote
- Claims from prospective employees/applicants
- Wage and hour (FLSA)
- Family Leave Act (FMLA)
As a nationally recognized broker, we have direct access to top-tier insurance carriers to negotiate competitive rates and custom solutions on your behalf.