An Employment Practices Liability Update
We all remember Biff Tannen from the movie series Back to the Future. Biff was the bully who liked to push people around in high school. Does your firm have a grown up Biff Tannen? Even with the most effective hiring practices, you might end up with an employee who can create a serious employment practice liability issue.
Employment claims can be distracting and emotional for business owners who may feel betrayed by employees they have known and trusted. Claims can take more than a year to resolve and many businesses suffer while owners deal with a claim. Having an office bully can be distracting to employees and can even reduce productivity.
Here Is a Quote from One Business Owner:
"It was the hassle factor that was so distracting. The entire ordeal caused a lot of sleepless nights." -- Owner of a bottling plant
Employment Practices Liability Insurance (EPLI) provides defense and indemnity protection against claims arising from the employer/employee relationship. The policy can also protect employers, including current, former and prospective employees, and directors and officers.
Employment Practices Liability Insurance (EPLI) is designed to help employers respond to growing EPL exposures, such as:
Equal Employment Opportunity Commission (EEOC) and other government authorities
Breach of employment contract
Wage and hour claims
Invasion of privacy
Employee Benefits Administration
We can design a specialized package according to your property, liability, and casualty needs. We are also proactive in identifying any factors that may increase your premiums or change your risk, and provide consulting and risk management options to protect your business. We are ready to help you better understand your risks. Please call our office today.
Whether you’ve just started a home-based business or your business is established and growing, Shepard Insurance Agency can help you protect your livelihood against the unexpected. We offer tailored programs for all types of businesses and professions in McAllen, TX, the entire Rio Grande Valley and the great State of Texas.
Call us at (956) 686-3888 or start a Free Rate Quote. We can review your insurance requirements and create a portfolio to protect your assets and minimize your risk of loss.