Before you can decide if you need employment practices liability insurance coverage (EPLI) you should take into account the risks you face on a daily basis.
EPLI is geared toward the business owner with employees. Although sexual harassment is one of the most popular types of coverage on an EPLI policy it also provides protection when liable for unlawful hiring/firing, unsafe working environment, and discrimination in the workplace.
Although you may never purposefully put your employees in this type of situation your employees could. If one of your employees harasses another you could end up liable. The same could apply to hiring practices, discrimination, etc.
Even if you and your employees use ethical and exemplary business practices you could still end up with the cost it takes to defend yourself against a wrongful conviction in court. The amount necessary for a lawyers defense could end up in the millions.
You’re at a high risk if you have employees, an EPLI policy is highly recommended. Get in touch today and we’ll send you multiple insurance quotes for your California EPLI policy.