The national average for total costs of claims that resulted in a defense and settlement payout is $125,000. Without Employment Practices Liability insurance, these companies would have had to pay an additional $90,000. Source PC360.com
Laws That Impact Employment Litigation
- Anti-discrimination/fair employment practices
- Pregnancy accommodation
- Criminal background checks
- Credit checks
1.New Mexico 66%
2.Washington DC 65%
3.Nevada 47%
4.Alabama 41%
5.California 40%
Solutions
An Employment Practices Liability Insurance (EPLI) policy provides insurance against claims and lawsuits brought against an employer, its officers, directors, employees and managers. These policies generally cover allegations in the following areas:
- Discrimination - including age, sex, and gender
- Sexual harassment
- Invasion of privacy
- Emotional distress or mental anguish
- Wrongful termination or discipline
- Negligent compensation, promotion, or hiring decisions
- Employee benefits mismanagement
- Breach of contract for employment
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