Employment Practices Liability: Protecting Your Firm
As government officials hammer out the details of the impending fiscal stimulus package, tax breaks and other drastic measures to jumpstart the U.S. economy, American businesses are preparing to roll with the subsequent punches.
It may be time to consider Employment Practices Liability (EPL) coverage. EPL coverage applies to litigation involving Wrongful Termination, Discrimination, Sexual Harassment, etc. Remember, whether or not your firm is in the right, mounting a defense in the face of such allegations can be costly.
While you may be aware that unemployment rates are on the rise, it is important for employers to note the correlating increase in the number of wrongful termination lawsuits being filed across the country. Both the Los Angeles Times and the Sacramento Business Journal have reported on this litigious trend within the last few months.
We hope you find the following articles informative:
Layoffs spark rise in wrongful termination lawsuits – (LA Times – 12/28/08)
As layoffs mount, so do wrongful termination cases – (Sacramento Business Journal – 08/29/08)
The Travelers Wrap+ Policy provides excellent coverage along with substantial risk management tools, including an 800 number you may call for free, legal assistance with your concerns. The policy is affordable, too.
- For an overview of the Travelers Wrap+ Policy, including Sample Claims, click here.
- For an overview of the Travelers Wrap+ risk management resources, click here.
- If you are interested in obtaining a quote, simply complete this EPL specific application and fax/email it back to us at your convenience.
We at IOA appreciate your business, and, as always, we are available to answer your questions.