Thursday, August 7, 2014
Not every business performs
like a well-oiled machine. Some companies may have a few bad seeds
that you found fit to dismiss or well-performing employees that left
because of a misunderstanding. Whichever the circumstances, it’s
not going to be pleasant when the former employee(s) serve a case on
you. Given the high costs of employment litigation, you don’t want
your finances sapped for a claim that may be without merit,
warranting protective foresight through an employment practices
liability insurance (EPLI) policy.
EPLIs are insurance policies
designed to shoulder a company’s legal costs in case they are sued
for workplace matters such as wrongful termination, discrimination,
or sexual harassment, among others. They are usually activated when a
claim is made upon occurrence of a sensitive workplace issue.
In arranging for an EPLI
policy, some legal experts recommend studying how to have all bases
covered. Your preferred insurer’s packages should contain coverage
for intentional acts, bodily injuries, and full prior acts, among
other elements. The latter is vital because the plaintiff can argue
that certain acts allegedly performed on them were carried out over a
period of time.
Being sued by an ex-employee
can be tough. Experts on insurance for small business owners will
help you with ample coverage.
