A Critical Tool for Managing Risk
Costs related to complaints of discrimination, including harassment and other employment-related claims, can lead to severe financial setbacks.
The Equal Employment Opportunity Commission (EEOC) sets out laws to protect employees, ex-employees, and potential employees from discrimination and hardship. Large damages may be awarded against companies found to be in violation of EEOC standards and studies have shown that discrimination claims are on the rise.
Employers Practices Liability Insurance (EPLI) protects your business from the high costs of defending against such claims and for settlements and legal damages that may be awarded to claimants.
EPLI protects against allegations of discrimination or harassment relating to:
- Age, gender, race, sex, sexual orientation, disability, etc.
- Wrongful termination
- Other employment related issues
Navigating Complex Legal Terrain
EEOC laws are complicated and differ widely from state to state. EPLI policies are not as standardized as other types of insurance and require time and expertise to properly research. With many different risk factors to consider, some differing from industry to industry, it can be a headache trying to determine which policy best covers you.
SIC has the expertise to find the right answers for you and your business, and an extensive network of partners and providers to ensure the most coverage at the best price.
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