EPLI for Raleigh Businesses
Running a business means juggling a variety of responsibilities. While you’re trying to push your company to be the very best it can be, you also want to keep your employees safe and happy. Carolina Insurance Group will find you great employment practices liability insurance at an affordable price.
What is Employment Practices Liability Insurance?
Employment practices liability insurance, or EPLI, is a form of insurance that provides coverage within a workplace from claims based on certain employment practices. If an employee files a claim regarding certain employment practices such as discrimination in the workplace, EPLI will help protect your business’ assets so that costs from the accusation don’t have to come directly out of your pocket.
What Does Employment Practices Liability Insurance Cover?
EPLI provides coverage for legal costs if an employee decides to sue. These claims may include:
- Improper Hiring/Firing
- Sexual Harassment
- Infliction of Emotional Distress
- Mismanagement of employee benefits
There are several other reasons an employee may choose to file a claim. Make sure you have the right amount of coverage by investing in a and for incidents not covered beneath EPLI, such as physical injury obtained on the job.
How Many Employees are Required for Employment Practices Liability Insurance?
You can have as few as three and as many as thousands in order to qualify for EPLI. Keeping your employees feeling safe and heard is a crucial aspect of any business no matter how small.
What is the Cost of EPLI?
The cost of your employment practices liability insurance depends on various factors including the number of people you employ and the history of claims against your business. You may have to pay higher premiums if your company has been sued several times in the past.
What Can We Do?
Carolina Insurance Group works with several top carriers to find the right policy for your business at the best price for your budget. Call now at (919) 234-7868 to speak with a dedicated agent or drop by our office. Protect your business with Carolina Insurance Group today.