Are You a Business Owner in Lynnwood, Washington, Seeking EPLI Insurance? Villa Insurance Group Can Help!
Employment Practices Liability Insurance (EPLI) helps protect businesses from claims made by employees alleging their legal rights as workers have been violated.
The number of employee lawsuits against employers is increasing. While large corporations are often targeted, no business is entirely immune to such claims.
Recognizing that smaller businesses also need this essential protection, some insurers now offer EPLI as an endorsement to a Business Owners Policy (BOP). An endorsement modifies the terms and conditions of the policy. Alternatively, EPLI can be purchased as stand-alone coverage.
EPLI Insurance Provides Protection Against Claims Such As:
- Sexual harassment
- Discrimination
- Wrongful termination
- Breach of employment contract
- Negligent performance evaluation
- Failure to hire or promote
- Wrongful discipline
- Deprivation of career opportunity
- Emotional distress caused wrongfully
- Mismanagement of employee benefit plans
How Much Does EPLI Coverage Cost in Lynnwood, Washington?
The cost of EPLI coverage depends on several factors, including your type of business, the number of employees, and your company’s risk profile. For example, if your company has faced employment-related lawsuits in the past, premiums may be higher.
EPLI policies reimburse your business for legal defense costs, court judgments, and settlements—whether you win or lose. However, they typically exclude punitive damages, civil or criminal fines, and liabilities covered under other policies such as workers’ compensation.
Proactive Steps to Prevent Employee Lawsuits
To reduce the risk of employee lawsuits, take preventative measures, such as:
- Establishing robust hiring and screening programs to avoid discriminatory practices.
- Displaying corporate policies prominently in the workplace and including them in employee handbooks.
- Clearly outlining steps for reporting and addressing sexual harassment or discrimination claims.
- Ensuring supervisors are well-trained on acceptable workplace behavior and company policies.
- Documenting incidents and actions taken to prevent and resolve disputes.
At Villa Insurance Group, we understand the unique challenges of running a business in Lynnwood and surrounding areas. Let us help you protect your business with the right EPLI coverage. Contact us today to learn more!
How to get started with your Business Insurance Comparison
No two businesses are the same, so it’s important to speak to a qualified Business Insurance professional like us, who can sift through your various options. The last thing you want is some cookie-cutter policy that’s riddled with exclusions and limitations.
Choosing an Independent Agent
Are you looking for EPLI insurance in Lynnwood, WA? We are a local insurance independent agent protecting all aspects of your life, from your business to your autos and home, we have you covered! The benefit of choosing an independent agent like us means options. We have relationships with many top rated carriers to give you the auto insurance coverage you need that fits your budget. Don’t wait, call us today at (425) 771-9000 or visit our Quotes Online and start saving money.