Search I95 Business Magazine
Criteria:

Category:

 


bsolutionslggif
suscribejpg

Business Protection with EPLI

August 2014
Ryan Markoff, AAI, Commercial Producer at American Insurance, is responsible for uncovering areas of unrealized risk for clients and specializes in Workers Compensation issues. American Insurance is an Independent Insurance Agency representing several insurance companies.

Ryan Markoff, AAI, Commercial Producer at American Insurance, is responsible for uncovering areas of unrealized risk for clients and specializes in Workers Compensation issues. American Insurance is an Independent Insurance Agency representing several insurance companies.

Q: Do you know about Employment Practices Liability Insurance or EPLI?

A: EPLI provides coverage for employment-related claims in: Wrongful Termination; Discrimination (racial, gender, age, disability, pregnancy-based, religion-based); Harassment (sexual and bullying); Employer Retaliation; Wage &
Hour Related.
The Equal Employment Opportunity Commission reported $371.2 million in monetary benefits – sums paid as a result of the courts decision in EPL cases in FY2013. The EEOC reported 2,537 charges reported for FY2013 in the state of Maryland.

Q: What is at risk?

A: EPLI claims may be alleged or actual, but legal defense costs are incurred in both cases. Damages and/or settlements may be a part of the outcome of a suit. EPLI picks up where your General Liability drops off, and without EPLI, defense costs and damages are paid out-of-pocket.

Q: Whom does the policy insure or cover?

A: Claims can involve employer-employee, employee-employee, employee-other (clients or other associates). The policy covers owners, managers, and employees of your company.

Q: What preventative measures can be taken to reduce the likelihood of EPLI claims?

A: Establish and maintain a Policies & Procedures Manual or Company Handbook. Seek professional HR advice. Conduct regular, monthly company meetings to discuss employee conduct. I95

American Insurance
410-877-0017
www.aioinc.us

vicki-1-close-more-dealsjpg

i95-300x600-3-16-16jpg


vicki-1-close-more-dealsjpg



mcj-banner-625x90-1png
greaterbaltimorecommitteejpg


wordsmatterjpg
 
wordsmatterjpg
 
wordsmatterjpg