Posted by: jmwilsonmga | September 10, 2013

Your Clients Need Employment Practices Liability Insurance

I would never discriminate!

These words are a common objection to Employment Practices Liability Insurance (EPL). Many employers will tell you that their staff would never sue them because they would never have reason to! Famous last words….

Most employers also find it painful to spend money for any insurance product. In the case of an EPL policy, the cost of the product is often less than the cost of defending a simple EPL claim.

Employee disputes are more commonplace today and EPL policies have come down in pricing, so it is a perfect opportunity for independent insurance agents to offer and sell this coverage to their clients.

Here are some statistics taken from the EEOC for 2012

epli picTotal discrimination charges based on:

Race: 33,512

Sex: 30,356

National Origin: 10,883

Religion: 3,811

Age: 22,857

Disability: 26,379

Retaliation – Title VII: 31,208

It may be cliché, but we live in a litigious society folks!  Right or wrong, if someone feels that they have been discriminated against in the workplace, they have an easy option to seek counsel and bring a claim against an employer. Even if the employer is in the right, there will still be defense costs to pay and as I mentioned earlier, the cost of EPL coverage is often less than the cost of defending even a frivolous claim.

Independent Insurance agents, are you offering this coverage to your commercial clients with employees?

This is part one of a series on EPL coverage. Next month, I’ll highlight some of the most common targets of EPL claims and some startling statistics. My hope is to reinforce the need for Employment Practices Liability for all employers….even if they don’t (or believe they don’t) discriminate!

Cathy-Baldwin-Sept-2013About the Author : Cathy Baldwin, Marketing Manager

Cathy has been a member of the J.M. Wilson Team since 1990 and currently serves as the Marketing Manager.  She oversees the marketing team, which provides marketing support for our underwriting teams in commercial transportation, property/casualty, professional liability, personal lines, and surety.  Cathy loves the variety in her position as marketing manager.  She has the opportunity to work with everyone at J.M. Wilson, our agents, and the companies we represent.  In her free time, Cathy loves to work out at CrossFit – AZO.  She also enjoys reading and listening to music – her favorites range from Neil Diamond to Led Zeppelin.

Connect with Cathy on LinkedIn

Disclaimer :  This article is for informational purposes only.  There is no legal advice being suggested or proffered.  The author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.  This article is the opinion of the author and is not supported or endorsed by J.M. Wilson.  It should not be relied upon and may contain inaccuracies or content may have changed over time, contact your underwriter for the most current and accurate information.  Any comments or responses are the opinions of their authors.  Content on this site is believed to be covered under Fair Use.

Copyright 2013 J.M. Wilson Corporation

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